Foreclosed and Distressed Investment Properties in Hurghada, Egypt
Hurghada is a world recognized coastal resorts style city situated on the Red Sea coast of Egypt, roughly 450 km southeast of Cairo, and receives millions of tourists each year mainly from Europe, the Middle East and the United States.
In Hurghada property investors and private use real estate buyers focus on properties including luxury villas, luxury apartments ideally with some type of sea view or immediately on the coast.
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.
