Real Estate in Egypt
Buy property in Egypt can any individual or legal entity. In order to purchase property in Egypt, a foreign buyer need a single document - his passport.
Type of property, which allowed foreigners to buy: apartment, house on a plot of land, land, hotel, shop, non-residential premises. You have the right to register the ownership of two residential properties, each object must not exceed an area of 4 sq m.
Buy property in Egypt (Real estate in Egypt ) town Cairo
Buy property in Egypt (Real estate in Egypt ) town Alexandria
Buy property in Egypt (Real estate in Egypt ) town Port Said
Buy property in Egypt (Real estate in Egypt ) town Suez
Buy property in Egypt (Real estate in Egypt ) town Khurgada
You have the right to create a company with private capital and buying land and real estate in Egypt with the aim of doing business (more on that you can read in our other sections of the site). Compared with other countries, the procedure of buying property in Egypt is relatively simple:
Booking facility.
The buyer makes the full amount or value of real estate or mortgage of 10% -50% of project cost. Since then, this property was withdrawn from sale and the buyer establishes the right to acquire the object in the property.
Signing the contract of sale.
When you make the balance amount in the presence of counsel the buyer and the owner of property enter into a contract of sale. This document must be completed in two languages: Arabic and Russian, or Arabic and English. The contract is registered in the state notary's office, then enters into force, and from that moment on acquisition of real estate - your property.
Getting Registered for the real estate contract.
To obtain a Registered contract for real estate in Egypt (an analog registration in the State Service for the state registration of rights to immovable property and transactions with them), the buyer is to register the contract in court. The paperwork takes from 14 days to three months, during which time the buyer may not be present in Egypt. Enough to issue the authorization form to counsel, and he will complete the entire process of registration itself.
Lawyer`s fees to register the property – 1000 $,including all government taxes and fees, registration of the authorization form.