Can foreign nationals own properties in Egypt?
Yes foreigners can buy properties in Egypt.
Do I need a visa?
You don’t need a visa to buy property but you must have a visa to live here.
Will I need an Egyptian bank account?
You don’t need an Egyptian Bank account when you are buying a property but it will be useful at a latter stage if you choose to rent out your property.
How long will it take for the registration to be finalized?
The registration will take between 6 to 12 months.
Will I be able to rent out my property?
Yes. All the real estate companies offer rental services and are always on the look out for new properties to rest. They will look at rental market at the time and recommend a monthly rental return for you.
How easy is it to get the red sea Riviera from Europe?
The flight take about four to five hours from most European countries also both charter fights and scheduled fights are now available from several European cities.
Will I need a solicitor?
It is essential to engage a reputable local solicitor. The vast majority of real estate companies will be able to recommend one for you.
What if I want to resell before completion?
It is possible, however most real estate companies will advice not resell your property until completed to maximize your return. This is off course something you can decide yourself.
Can we get home insurance in Egypt?
Yes there are recognized insurance companies operating in Egypt.
What is the capital gains tax situation?
There is no capital gains tax or inheritance tax to be paid in Egypt.
Where can I find more information on Egypt?
Embassy of Egypt
www.egypt.embassyhomepage.com
British Embassy Cairo
www.britishembassy.gov.co.uk/egypt