Popular Estate Agencies
- ERA Egypt: This agency is one of the leading real estate companies in Egypt and has a wide range of properties for sale, including apartments, houses, and commercial properties. They have offices in Cairo, Alexandria, and Hurghada.
- Sodic: This company is a leading developer in Egypt and offers a variety of residential and commercial properties for sale. They have projects in Cairo, Alexandria, and the North Coast.
- Talaat Moustafa Group: This company is one of the largest developers in Egypt and offers a variety of residential and commercial properties for sale. They have projects in Cairo, Alexandria, and the North Coast.
- Palm Hills Developments: This company is a leading developer in Egypt and offers a variety of residential and commercial properties for sale. They have projects in Cairo, Alexandria, and the North Coast.
Qualifications and Licenses
Estate agents in Egypt should possess a real estate license. They should also have a good understanding of the local property market, as well as knowledge of the legal and financial aspects of buying and selling property in Egypt.
Breakdown of Estate Agent Fees
Estate agent fees in Egypt typically range from 2% to 5% of the sale price. These fees are usually split between the buyer’s and seller’s agents, with the buyer’s agent typically receiving 1% to 2% of the sale price.
Other Resources for Finding Property in Egypt
- Property websites: https://www.propertyfinder.eg/en/
- Expat websites: https://www.expat.com/en/housing/africa/egypt/
- Newspapers: https://www.dailynewsegypt.com/category/real-estate/
- Magazines: https://www.egypttoday.com/category/real-estate
- Word of mouth: Ask locals, friends and family if they know of any houses for sale.
The Use of a Buyer’s Agent
The Use of a Buyer’s Agent is not common in Egypt. If a buyer’s agent is used, they typically do not require a qualification or license. The cost of a buyer’s agent in Egypt is typically 1% to 2% of the sale price.
Organisations for Foreign Property Buyers
There are no specific organizations for foreign property buyers in Egypt. However, foreign buyers can seek advice and guidance from local real estate agents and lawyers.