Spanning the southwest corner of Asia and northeast corner of Africa, Egypt features a prominent location in the Middle East that makes it a major destination for residents and investors from all over the world. Egypt has been always known for its colorful history, impressive monuments and luxurious coastal areas; which has made it a popular touristic destination for vacationers from all corners of the world. Thus, for quite long time Egypt’s economy has been relying on the revenues it is gaining from the tourism sector.
In the beginning of the 20th century, investing in the real estate market in Egypt has been a focus point amongst local and foreigner investors who are looking forward to expanding their business in the MENA. This has had a remarkable effect on the supply and demand side in the Egyptian real estate market. Lands for sale in Egypt have become the most required property type amongst investors and buyers. Thus, the government along with the private real estate sector in Egypt has had to join forces to fulfill the different requirements of buyers.
Investors are offered a diversified variety of lands for sale in Egypt ranging from desert lands and industrial lands to agricultural lands. Each property type is popular amongst a certain category of investors, for instance, agricultural lands for sale in Egypt are highly required by local investors and farmers, who are running a family business especially in food and beverage sector. These people tend to look for agriculture land for sale in Alexandria Egypt or any other city located either by the Nile or Seaside; as these lands are known for their fertile soils.
Businessmen who own a brand name in whatever field whether clothing, automotive or mobiles, tend to look for industrial lands for sale in the newly developed cities in Egypt such New Cairo, 6th of October and 10th of Ramadan City. Both 6th of October and 10th of Ramadan cities include exclusive industrial areas where factories, warehouses, and showrooms for most of the international brands are located. These two cities are characterized by their unique location on the borders of Cairo away from the hustle and bustle of the city and the residential areas; which grants both business owners and residents of the city an ultimate privacy and freedom. Industrial lands for sale on 6 October come with an average price of 10000 EGP per square meter, while lands for sale in 10th of Ramadan city come with an average price of 8000 EGP per square meter. Lands for sale in New Cairo are either required by international brands that are looking forward to upscale business areas are to set up their business or real estate investors who are specialized in building residential communities that cater for elite residents.
Desert lands for sale in Egypt in the coastal areas such as Hurghada, Marsa Alam, and Sharm El Sheikh are highly required by real estate investors and development companies who are specialized in setting up resorts’ communities. Lands for sale in Hurghada come with an average price of 5000 EGP per square meter while lands for sale in Sharm El Sheikh come with an average price of 6000 EGP per square meter.
Finally, if you are looking forward to buying a land in Egypt, you are advised to visit propertyfinder.eg where multiple varieties of lands for sale in Cairo, Alexandria, Behira, Al Menofeya and many other cities are listed by the best brokers in the country.