Buying Luxury Property in Alexandria, Egypt as a Rental Investment
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.
Buying a luxury rental property as an investment involves a combination of traditional real estate fundamentals and the unique considerations that come with high-end properties.
As an investor are the aims cash flow, appreciation, or mixture of both that is the expected result, and is this investment property a short-term rental or long-term lease.
The property may be used personally as well as being an investment for part of the year which is termed a hybrid investment, and this will depend of the net-worth of the individual, and how much personal usage is being considered.
A luxury property that is to be used as a rental property, has to be located in desirable areas for it to appeal, areas such as those with water views, seclusion, night-life and recreation activities.
Those with a high-income are often the types to look for a luxury rental in tourism or executive relocation market. To find just where are the BEST luxury rental properties in Alexandria, Egypt, that are listed for sale as investments by real estate agents, will start with an online search via a listings portal.
When investing, due diligence is essential in any investment transaction, tax rates, and any local regulations should be reviewed etc. Hiring a real estate attorney is an essential part of the purchase process to ensure all legal paperwork is handled properly.