Investment Property in Port Said

Investment Real Estate in Port Said

Investment Property in Port Said
Investment Property in Port Said

Port Said property investment can be a worthwhile venture if you are selective with the areas you choose to invest in. If not, you could find that your investment suffers due to low rental yields, dwindling demand, and slow property price growth in many parts of Port Said .

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Search Map of Port Said Investment Real Estate

Port Said (Arabic: بورسعيدBorsaʿīd [boɾ.sæˈʕiːd]) is a city that lies in north east Egypt extending about 30 kilometres (19 mi) along the coast of the Mediterranean Sea, north of the Suez Canal. With an approximate population of 603,787 (2010), it is the fifth-largest city in Egypt. The city was established in 1859 during the building of the Suez Canal.

There are numerous old houses with grand balconies on all floors, giving the city a distinctive look. Port Said’s twin city is Port Fuad, which lies on the eastern bank of the Suez Canal. The two cities coexist, to the extent that there is hardly any town centre in Port Fuad. The cities are connected by free ferries running all through the day, and together they form a metropolitan area with over a million residents that extends both on the African and the Asian sides of the Suez Canal. The only other metropolitan area in the world that also spans two continents is Istanbul.

Port Said acted as a global city since its establishment and flourished particularly during the nineteenth and the first half of the twentieth century when it was inhabited by various nationalities and religions. Most of them were from Mediterranean countries, and they coexisted in tolerance, forming a cosmopolitan community. Referring to this fact Rudyard Kipling once said “If you truly wish to find someone you have known and who travels, there are two points on the globe you have but to sit and wait, sooner or later your man will come there: the docks of London and Port Said”.

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The financial stability of Port Said has translated into a real estate market that rewards forward planning and a willingness to look beyond areas of traditional affluence.

Buy to Rent in Port Said

Renting out your Port Said buy-to-rent investment property can grow wealth and income.

Whatever your goals with investment property in Port Said are – preparation is key.

  • Set goals based on how much rental yield will be required and the local rental yield rates in Port Said and be prepared to change your initial outlook.
  • Thoroughly research the Port Said location with a special emphasis on fringe areas outside the main Port Said metropolis that may be valued lower than their better-known neighbors. Rental yields of around 5% are still attainable in certain areas of Port Said.
  • Ensure that your target investment property in Port Said appeals to professionals. This is a demographic that ensures maximum income and low voids.
  • Finding and vetting suitable tenants is a job ideally left to the professionals. Working with an established letting agent such as Physis Realty with local knowledge and experience of property legislation will give you the best chance of success.
  • You may think that managing your Port Said properties yourself is an easy option, but are these savings justifiable when you run into Port Said red tape? Physis Realty Port Said office in downtown provides you with peace-of-mind and leaves you time to plan your next move in the growing Port Said buy-to-rent sector.

With our expert guidance, investing in Port Said provides the secure knowledge that your money is working harder than it would in a local Port Said bank and that future generations of your family will be left with substantial capital growth assets.

We are always happy to advise on buying investment property in Port Said, where we have been established for over 35+ years. Physis Realty has been a firm fixture in the Port Said property market through good times and bad. Our experts have seen it all and our portfolios continue to outperform.

Flipping Investment Property in Port Said

Flipping property in Port Said

Flipping property is when we advise clients to buy a Port Said property below market value, renovate it and then make a profit by selling it at a higher price, all within a few months, and often before the Port Said market has a time to react to the renovation.

The Flipping Strategy in Port Said

Investment property flipping in Port Said is a simple strategy. You find a property that is in need of renovation from our list and purchase it for a low price. These type of Port Said real estate investments are sometimes referred to by professionals as ‘distressed’ Port Said real estate.

What is distressed Port Said property:

  • Port Said property in need of renovation
  • Port Said real estate with a change of purpose and use
  • Oversold Port Said property
  • Bank repossessions in Port Said

Put simply, long term investors in Port Said purchase the property, renovate it and make it a lot more attractive to potential buyers.

Calculate profit that you make from Port Said investment property flipping:

Final Selling Price less Cost of Purchase less Costs = Profit

Here is an example:

Port Said property purchase price: $220,000

Renovation costs: $20,000

Other costs: $25,000

Property sale price: $400,000

Profit: $135,000

Experienced property developers in Port Said use a minimum profit value of 22% when looking at potential Port Said projects. The reason for this is because there are lots that can go wrong in Port Said property flipping and working on a potential margin of 22% should still leave a good margin of error.

Luxury Property in Port Said

For luxury property investors hoping to add a superb property in Port Said to their luxury real estate investment portfolio, Physis Realty is a trusted partner.

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A world leader in luxury real estate with a portfolio comprising some of the most sought-after real estate in Port Said, Physis Realty caters particularly to high net-worth individuals and families. A luxury real estate investment in Port Said should be entrusted to only the highest-quality agency.

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