Foreclosed and Distressed Investment Properties in Egypt
Egypt is part of Africa as well as the Middle East, and being a transcontinental country located in the northeastern corner of Africa, with the Sinai Peninsula forming a land bridge into Asia, Egypt is well situated to be able to benefit from multiple real estate markets looking at Egypt as a potential source of revenue.
International buyers and expatriates are especially drawn to luxury coastal developments on the Red Sea which includes Hurghada, El Gouna and Marsa Alam, and on the Mediterranean coast with Alexandria, North Coast and Alamein, where high-end villas and beachfront apartments provide both investment potential and lifestyle appeal.
Popular areas of Egypt with International Buyers - investment or personal use, listed by owner, for sale by real estate agent and for rent:
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.
