Buying a Property in Egypt

For investors, second home hunters and even those looking to develop or renovate real estate, buying a property in Egypt just became a million times easier with the announcement that one of the leading financial institutions in the GCC has partnered with Egypt’s first mortgage company to develop, promote, market and sell a sophisticated range of property finance schemes for all those buying, investing or developing property in Egypt.

Ahli United Bank B.S.C. has partnered with the Egyptian based Taamir Mortgage Company in a bid to raise the profile of Taamir, to increase exposure to their Egyptian mortgage products and to open up the Egyptian property market to a far broader base of investors; the announcement is being heralded as offering a significant boost to Egypt’s property market.

In a nation where mortgages are difficult to obtain and finance is tricky to arrange a property market will be restricted. 

Even when property prices remain attractively low there are only so many national and international investors with enough liquid capital to commit significant amounts to property purchase.  Furthermore, for many investors looking at emerging property markets one way of reducing their exposure to risk is through financing their investment using the power of OPM or other people’s money – this means that in a market like Egypt where it was previously difficult to borrow money, foreign direct investment was severely restricted.

The real estate industry main players in Egypt were well aware of this fact which led to the creation of the Taamir Mortgage Company in the first place. Eleven of the most influential property tycoons, banks and insurance houses in Egypt joined together to create a range of sophisticated financial products for all those buying a property in Egypt, investing in Egyptian property, renovating their homes or developing new property.  The group were astute enough that they required the services of an international player if they were to make their products known to the wider world which is why Taamir Mortgage Company approached Ahli United Bank B.S.C. in the first place.

Now that the lender with the most knowledge of the local market and the promoter, backer and assistant with the broadest access to potential clients have joined forces, those buying property in Egypt will have more choice when it comes to affordability and those developing real estate in Egypt will be able to base profit predictions and sales volumes based on having a broader client base.

All in all this announcement is good news for the Egyptian property market as a whole and good news for the sector from a property investor’s perspective.  Property in Egypt basically became more affordable for more people; this will increase demand through the improvement of buying power which will result in fewer properties remaining on the market thus creating a discrepancy between supply and demand that will increase property prices and make investors their healthy profits!

Special Reports: Property News for Egypt

Egypt Property Investor’s Country Guide
Property investor interest in Egypt is increasing as the Egyptian government encourages foreign investment and promotes economic growth.

Egypt Property Buying Process
Property investment in Egypt is made difficult by an incomplete property registry but much is being done to improve things

Egypt Real Estate Investment Potential
Domestic and international demand for property for sale and rent in Egypt presents a property investor with maximum profit potential.