Hurghada Property Resale Guide — Buying and Selling Second-Hand Properties
While most Hurghada property coverage focuses on new-build developer sales, the resale market offers compelling opportunities — often at lower prices than new developments in the same area. This guide covers everything about buying and selling resale property in Hurghada.
What is Resale Property in Hurghada?
Resale properties in Hurghada are properties being sold by private owners rather than developers. They are typically fully built, immediately available, and sometimes furnished and already generating rental income. They can offer significant discounts to new-build prices in the same area — particularly for properties needing refurbishment.
Advantages of Resale over New-Build
1. No waiting for construction — immediate completion. 2. Often significantly cheaper per m² than equivalent new-build. 3. See exactly what you are buying before committing. 4. Existing rental history available — no uncertainty about yield. 5. Established community and facilities already in place.
Resale Buying Process
The resale process differs from new-build purchases in one key way: payment is typically required in full (no developer payment plan). You will need: independent lawyer to check Title Deed is clear, no outstanding mortgages or liens, correct property area registration. Legal fees for a resale purchase are typically £800–£1,500.
Current Resale Market Conditions
The Hurghada resale market is tight — most owners are holding their properties rather than selling, as rental income is strong and capital appreciation continues. Resale properties that do come to market tend to sell quickly. The best resale opportunities tend to come through private connections and local estate agents rather than online portals.
Selling Your Hurghada Property
When selling, you will need: clear Title Deed, proof of identity, original purchase documents. There is no mandatory minimum holding period. No capital gains tax is levied in Egypt. UK tax: you may need to report gains to HMRC depending on your residency status — consult a UK tax adviser.
Frequently Asked Questions
Are there good resale properties in Hurghada?+
Do resale properties come with payment plans?+
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