No Stamp Duty in Hurghada — The Numbers That Will Surprise UK Buyers
One of Hurghada's most compelling financial advantages is zero stamp duty for foreign buyers. This article shows exactly how much you save compared to the UK, Spain, France, and other European markets — and what the total buying costs actually are.
Hurghada Buying Costs — The Full Breakdown
Total buying costs in Hurghada are approximately 2–3% of the purchase price. This covers: independent lawyer fees (£500–£1,500), Title Deed registration (typically covered by developer on new-build), and Power of Attorney if purchasing remotely (£200–£350). No stamp duty. No buying tax. No VAT on property. No agency fees to buyers.
UK Stamp Duty Comparison
UK stamp duty on a second home: 3–15% depending on purchase price. On a £150,000 property: £5,000–£8,500 in UK stamp duty alone. On a £300,000 property: £14,500–£22,500 in stamp duty. In Hurghada: £0.
Spain Comparison
Spanish ITP (stamp duty equivalent) on resale properties: 6–10% depending on region. On a €200,000 Spanish apartment: €12,000–€20,000 in transfer tax. Notary fees: ~€1,000. Agency fees: €6,000–€10,000. Total Spanish buying costs: 10–15%. Hurghada equivalent: 2–3%.
France and Portugal
France: notaire fees 7–8% on resale. Portugal: IMT up to 6% plus stamp duty 0.8%. Both significantly higher than Hurghada's 2–3%.
The Real Saving Over a Lifetime of Investment
For a UK investor buying three properties — one in Spain, one in the UK (as a rental), one in Hurghada — the stamp duty saving on the Hurghada purchase alone could fund an entire year of mortgage payments on a comparable UK investment property.
Frequently Asked Questions
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