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Palm Hills New Cairo

El Tagammoa El Khames – El Tesaeen El Ganouby St., Fifth Settlement, New Cairo, Egypt, New Cairo, Egypt
USD 65,000 - 380000

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Overview

Bedrooms1-5
Bathrooms1-4
Area80-500 sqm
Year BuiltN/A

A gated community of villas and apartments in East Cairo.

Building/Community Amenities

  • 24/7 Security
  • Clubhouse / Resident Lounge
  • Fitness Center / Gym
  • Park
  • Pool

Investment Insights

Investment Analysis

Investment Summary

Property Price:$65,000
Down Payment (30%):$19,500
Total Investment:$0
Monthly Rental Income:$0
Net Annual Rental Income:$0
Future Property Value:$0

Key Metrics

Cash-on-Cash Return:0.00%
Cap Rate:0.00%
Total ROI (over 10 years):0.00%
Annualized ROI:0.00%

Legal & Ownership

Legal & Ownership Information

Ownership Structure

Ownership Rights

Full ownership rights (Freehold)

Foreign Ownership

Foreign Ownership: Foreigners can buy property in Egypt, though certain restrictions exist, especially concerning land ownership in specific areas.

Tax Considerations

Property Taxes

property tax, but rental income is taxed progressively, ranging from 10% to 20%

Transfer Tax

Transfer taxes apply on purchase.

Inheritance Tax

Capital gains tax is generally not applicable to individuals on the sale of property, making Egypt an attractive market for property trading

Important Considerations

Restrictions

  • Foreign Ownership: Foreigners can buy property in Egypt, though certain restrictions exist, especially concerning land ownership in specific areas.

Required Documents

    Financing Options

    Financing Options

    Mortgage Calculator

    $19,500
    Loan Amount:$45,500
    Monthly Payment:$0
    Total Payment:$0
    Total Interest:$0

    Financing in Egypt

    Egypt offers a growing landscape for property financing, making it an exciting opportunity for foreign buyers. With mortgage options available through local banks and developers, Egypt provides competitive loan-to-value (LTV) ratios typically ranging from 50% to 70%. This makes it an attractive market for those looking to diversify their real estate portfolio. The country’s stable economic growth and strategic location further enhance its appeal for mortgage financing. As a result, understanding the nuances of property financing in Egypt can unlock potential investment opportunities for international buyers.

    Requirements for Foreign Buyers
    • 1
      Valid passport
    • 2
      Proof of income (e.g., salary slips, tax returns)
    • 3
      Six months of bank statements
    • 4
      Credit report from home country
    • 5
      Property valuation report
    • 6
      Letter of intent for purchase
    • 7
      Proof of residency (if applicable)
    Popular Lenders

    Contact Information

    Palm Hills Developments

    Palm Hills Developments

    Property Developer

    Verified

    19743

    www.palmhillsdevelopments.com/en-us/home

    Contact Developer

    Mention property ID: Palm Hills New Cairo when contacting.

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