Foreclosed and Distressed Investment Properties in Alexandria, Egypt
Alexandria is a major coastal city, Egypt's second-largest city, and is located in northern Egypt, along the Mediterranean Sea, about 220 km (137 miles) northwest of Cairo.
Alexandria benefits from a seafront Corniche, beaches, and a harbor that together create a sought after location with investors and private buyers looking for luxury properties in a key location in Egypt.
Many luxury properties located within upscale developments offer panoramic sea views and direct beach access, which attracts both domestic and international buyers and investors.
Looking for distressed properties can be a smart investment strategy, especially if you're interested in flipping, wholesaling, or buying below market value.
Investors can also refer to the local County Courthouse or Public Records and search for public notices of default, tax liens, and foreclosure sales.
Working with Property Agents or Realtors who specialize in distressed properties, foreclosures and short sales can be useful as well as keeping an eye out for expired listings or properties sitting too long on the market.
Drive around neighborhoods looking for vacant houses, broken windows, or deferred maintenance and work with probate attorneys, property managers, and bankruptcy lawyers who they often know of distressed assets.
