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Distressed and Foreclosures
Foreclosed and Distressed Investment Properties in New Cairo, Egypt
New Cairo, a city that lies roughly 25-30 km, 15-20 miles, due east of downtown Cairo, and along the Cairo-Suez Road and Ring Road.
Key districts of New Cairo include Fifth Settlement, First Settlement, and Third Settlement, and is known fro having some of Egypt's most exclusive gated communities and compounds, including Katameya Heights, Mivida, Palm Hills New Cairo, Hyde Park, Eastown, and Lake View Residence.
These new developments in New Cairo, comprise of a range of luxury real estate that features luxury villas, luxury apartments, homes and townhouses.
Looking for distressed properties can be a smart investment strategy, especially if you're interested in flipping, wholesaling, or
buying below market value
.
There are many places to find distressed or
foreclosed properties in New Cairo, Egypt
, for examples you can
ask a real estate agent
to filter for foreclosures or bank-owned (REO) properties.
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.
How to sell or rent properties in Egypt:
How to sell a property In Egypt
How to rent a property In Egypt
How to buy a property In Egypt
Real Estate Agents and Property Developers in New Cairo, Egypt
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International Property Directory (IPD) Online Since 2003