Investing in real estate is a great way to increase capital & build a secure financial future. However, when looking to invest, it’s extremely important to compare property prices in different areas to ensure you find a deal that will work for you. Below, we’ll look at how to compare property prices in different areas when looking to invest in real estate, so we can provide valuable insights for our readers, and our community members too.
Building a comprehensive investment plan involves more than finding a property with low taxes and high potential for appreciation, because you need to also account for the associated risks, research the neighbourhood & develop a realistic timeline for your return on investment. By understanding all of these factors, you can make an informed decision on whether a particular property is worth the asking price.
Finding the right location to invest in (for you).
Different areas will have different real estate markets, for example El Gouna, Somabay & Makadi Heights have different entry pricing tiers for single bedroom, two bedrooms, etc., so it's important to compare prices before making an offer on a property. It's also important to understand that each of these areas is in a different stage of development, and all three have excellent property investment potential.
By way of example, when it comes to off-plan pricing, a single bedroom apartment starts from 7,500,000 EGP in El Gouna, whereas a similar property in Somabay would be 2,870,000 EGP, and 2,650,000 EGP respectively in Makadi Heights. Of course, these figures are subject to fluctuations in the property market, and are only meant as a general guideline at the time of our posting this information.
Get expert property investment advice.
So you can see that by doing your homework on the location & type of property you're interested in you'll be able to discern an approximately fair price, however it’s far more straightforward to work with a Property Portfolio Partner at Jossour, so we can guide you on the nuances of these real estate markets and ensure you get the best buying or selling price possible, in any given scenario.
Obviously location is everything when it comes to investing in real estate, so be sure to factor in things like the surrounding area, annual property price appreciation, rental potential - if that’s an interest, and of course desirable amenities when making your decision.
If you're new to real estate investing, it's vital to seek out the advice of experienced professionals, as they can help you navigate the process and best ensure you make informed decisions along the way.
The value of making wise investments.
When it comes to investing in real estate, particularly if you're buying or selling in El Gouna, Somabay & Makadi Heights, partnering with an expert at Jossour will be extraordinarily helpful for ensuring you get the best property deal terms (for you). By considering all of the factors involved in your decision-making process, you can make a wise investment that will provide you with a solid return on your investment in the years ahead!
For a complimentary consultation where we can talk with you about your current property interests, or your vision for the future of your property portfolio, don’t hesitate to schedule an appointment with us here:
👉 https://www.jossour.com.eg/contact
Investing in Real Estate To Create a Secure Financial Future.
13 يوليو 2023
بواسطة
Mahmoud M. Hamed