Alexandria, Egypt
Property prices · 2024 · Africa
Property price trend in Alexandria (2024–2026)
Property comparison — cities in Egypt (2024)
| City | Centre /sqm | Outside /sqm | 1-Bed Rent | vs Alexandria |
|---|---|---|---|---|
| Alexandria | EGP 22,000 | EGP 14,500 | EGP 8,500 | — |
| Cairo | EGP 45,000 | EGP 28,000 | EGP 12,000 | +104.5% |
Other Africa cities (2024)
Frequently asked questions
How much does property cost in Alexandria in 2024?
In Alexandria, the average price per sqm in the city centre is EGP 22,000, and EGP 14,500 outside the centre (2024 data). Prices have risen 35% since 2024.
How much is rent in Alexandria in 2024?
A 1-bedroom apartment in Alexandria rents for approximately EGP 8,500 per month in 2024. A 3-bedroom apartment costs around EGP 14,000/month.
Is it better to buy or rent in Alexandria?
Buying may offer better long-term value in Alexandria. The price-to-rent ratio is 13.0x — it would take approximately 13.0 years of rental payments to equal the property purchase price. Current mortgage rates are approximately 22.50%.
What are mortgage rates in Egypt in 2024?
The average mortgage rate in Egypt is approximately 22.50% as of 2024. With a price-to-rent ratio of 13.0x, buyers should carefully weigh mortgage costs against rental savings.
What is the price per sqm in Alexandria?
The average property price per square metre in Alexandria city centre is EGP 22,000 in 2024. Outside the centre, expect to pay around EGP 14,500/sqm.