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Purchasing property in a foreign country can be a daunting task; Egyptian Property Law will advise you every step of the way. See below the options of how to purchase property in Egypt.

Property purchasing procedure the Property Purchase Process “off plan”

  • The buyer reserves a new (off plan or under construction) property with a reservation deposit (usually between GBP£500-£2,000 ) providing the ‘option to purchase’ and fixing the sale price from date of reservation.
  • The vendor (seller) releases a private purchase contract (in English & Arabic) and supplies paperwork relating to the title, boundaries, planning permission, building license, furniture pack and rental guarantee option.
  • Part of the contract will also lay down the conditions relating to the payment of the balance of the purchase price. Often the installments are payable at certain “milestones” of the build.
  • The purchaser will transfer the correct sum of money at each installment time as per the agreed sales contract, a few developers are beginning to offer an ‘escrow’ type account where the money will be held until the developer has reached the ‘milestone’ The money is released to the developer only when it has achieved the promised stage of development. This helps to safeguard the client’s exposure in case of the developer running into problems with the construction.
  • The keys are given to the owner once the completion payments as indicated in the contract are completed.
  • The property can now be registered / signature of validity applied for in the land registry in the name of the new owner
  • The property Purchase Process “ of a re-sale newer property”
  • The vendor (seller) releases a private purchase contract (in English & Arabic) and supplies paperwork relating to the title, boundaries, planning permission, building license, furniture pack and rental guarantee option. In the case of purchases in Sharm El Sheikh the land owner will handle the contract and renewing of a 99year lease to the buyer, and for this service the vendor pays 5% of the value of the contract when purchased.
  • The contract will also lay down the conditions relating to the payment of the purchase price.
  • The keys are given to the owner once the completion payment are completed.
  • The property can now be registered in the land registry in the name of the new owner.

The property Purchase Process “ of older property”

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  • A real estate investor wishing to avoid new property and contemplating the purchase of undeveloped land or older, well established resale properties will need to employ a lawyer specializing in real estate law in Egypt to advise on any such purchase to ensure the transaction is conducted legally and that at the end of the property buying process the investor is the legitimate owner of the real estate and can seek to have it registered by the authorities in his name and acquire the deeds to the real estate.
  • A foreign property investor purchasing in an “off plan” development now has two options of registration, one of these processes must be adhered to ( see registering property in Egypt).
  • Unfortunately, in the past the property registry in Egypt was not kept up to date and is therefore incomplete. It is believed that only 10% of properties in Egypt are actually registered and this can create problems if you are trying to purchase a property that was built more than a few years ago.
  • In recent years the Egyptian government has shown a commitment to attracting foreign investment into the real estate sector and therefore the process of property purchase and ownership for foreign nationals as investors is improving all the time and new registration rules have been drawn up

If you have any questions or require more information, please get in touch. We are always happy to help. Call 002 010 370 2983 or email via our contact form

Egypt Property Law