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- How much it will cost me to register my property?
Apartment's registration is divided into two parts: "Law Firm’s fees" and the Real Estate Registration Office duties, which has been amended by the issuance of the new law no. 83 for the year 2006 that determined the charges of registration including the survey work with amount of EGP 2000 per property according to its surface area. And the following are the exact charges as per the surface area of the property:
- From 100m2 – 200m2 : the charges are EGP 500.
- From 200m2 – 300m2 : the charges are EGP 1000.
- From 300m2 – 400m2 : the charges are EGP 1500.
- From 400m2 & above: the charges are EGP 2000.
How can I register my property?
Apartment's registration is carried out through a professional lawyer. He is doing all the registration procedures in several authorities, such as, the Real Estate Registration Office, the Area Institution and the Real Estate Taxes Association. These procedures are summarized in fees payment, apartment surveys procedure, preparing legal documents, taking it as authoritative from the specialized public authorities and the signature of the seller and buyer on the final contract. Another procedure will be added to the above mentioned procedures if the buyer is a foreigner; requiring the government's approval upon owning a property by a foreigner.
Can you (Coldwell Banker Egypt) register my property?
There is no relation between Coldwell Banker and the apartment registration. But Coldwell Banker candidates a professional lawyer in the real estate registration field. For more info please contact us at: customerservice@coldwellbanker-eg.com
How much time it will take to register my property?
For the Egyptians, the registration procedures take 3 months maximum, but for the foreigners it takes about 4 months.
Can a foreigner buy a property in Cairo, and how can he register this property?
The foreigner is treated the same as the Egyptian and has the right to buy and register a property in Cairo.
Can I rent this property (as a foreigner after buying it)?
It's possible to the foreigner to rent his apartment to anyone after buying it without any restrictions.
How much do I have to pay as taxes if I rented the apartment whether furnished or unfurnished?
The owner has to pay a tax for renting his furnished apartment estimated approximately by an amount of 10 % of the rent amount.
What is the legal shape of the contract when I rent a furnished apartment?
The professional lawyer in the real estate field has distinct contracts that have a legal power to protect the apartment owner. For more info please contact us at: customerservice@coldwellbanker-eg.com
How can we guarantee as Coldwell Banker Egypt clients that the apartment is free from any problems ( taxes, loans,….etc)?
There is no relation between Coldwell Banker Egypt and the problems regarding the apartments. The buyer has to turn to a professional lawyer in the real estate field in order to give him the guarantee to any problem regarding the apartment. Coldwell Banker Egypt gives the advice to its clients to deal with the trust worthy professional lawyers in the real estate field.
Can Coldwell Banker Egypt help us in the Property Financing Program Against Mortgage?
Coldwell Banker helps the clients and presents everything they need from inquiries or procedures regarding the mortgage. http://www.coldwellbanker-eg.com/terms.aspx
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