![]() |
|
|||||||||||
| EN |
||||||||||||
|
|
![]() |
|
||||||||||
|
|
||||||||||||
|
|
||||||||||||
|
|
||||||||||||
|
|
||||||||||||
|
|
||||||||||||
|
|
||||||||||||
|
|
||||||||||||
|
|
||||||||||||
|
|
||||||||||||
|
|
||||||||||||
![]() KHAMSIN RESORT Town centre location; private beach. Studios of 39-75m2 from GBP18,908 Discounted Pre-Release Prices Free Aircon and Furniture Offer ![]() OASIS MARINA Great seaviews and huge private beach. Studios of 32-69m2 from GBP25,300 20-40% Discounts Available ![]() RED SEA PHARAOH The best value property in Hurghada. Studios of 36-51m2 from GBP14,000 ![]() PARADISE GARDENS Best value in the luxury resort of Sahl Hasheesh. 1-Beds of 55-140m2 from GBP45,430 MORE PROPERTIES... Egypt Real offers overseas property and real estate abroad, including apartments, villas, houses and flats to buyers interested in investing in Hurghada, Sahl Hasheesh, Sharm el-Sheikh, Marsa Alam or elsewhere on the beautiful Egyptian Red Sea Riviera. |
![]() |
|||||||||||
|
|
||||||||||||
To complete the purchase, the buyer of the property needs to pay (equivalent to Stamp Duty). This used to be equal to 3% of the property's value, but is now a fixed sum, which varies according to the location of your property. The maximum amount that this will cost is currently EGP2000 (GBP180/EUR260). You will also need to pay a small inspection and measurement fee, of approximately GBP50/EUR65. You have two options as to how you finalize the deal. One option is to get your lawyer to register you as the owner of the property at the Land Registration Office. The problem with arranging it this way, however, is that foreigners are allowed to buy a maximum of two properties in Egypt, with a maximum of 4000m2 of floorspace between them. They are also not allowed to sell property in a period of under five years from buying. This could be a problem if you are looking to 'flip' the property for a quick profit after a relatively short period of time. The way to get around these restrictions is to register your ownership with a notary, which costs around EGP2000 (GBP180/EUR260). This confirms your ownership of the property, but it does not add your name to the Land Registry, which means that you are free to buy as many properties as you like and you can also sell your property at any time you would like. As a result, this option is probably going to be the better of the two. Still need more information? Click here for more detailed facts on the process and costs involved of buying a property in Egypt. |
||||||||||||
|
|
||||||||||||
|
|
||||||||||||
|
|
||||||||||||
|
|
||||||||||||
| HOME PAGE | RED SEA RIVIERA | PROPERTIES | BUYING PROCESS | SITE VISITS | ABOUT US | CONTACT US | Copyright © 2008 SIA "Media Arts" | |||||||||||
|
|
||||||||||||
|
|
|
|
|
|
|
|
||||||