Buying property Egypt
The government of Egypt has actively promoted buying property in Egypt to o=
verseas investors. However, the fee structure and property registration in=
Egypt is extremely outdated. Many suggest that only 10% of the country=E2=
=80=99s properties are actually registered. .
The process and cost structure of buying property in Egypt is very differen=
t to other countries. It is very essential to employ local lawyers and pro=
perty experts to act on your behalf since registration issues can result in=
delays and increase the cost of the purchase. .
After a property purchase is agreed in principal, the buyer is expected to =
give a deposit of about 10%, and shortly, give evidence that they have the =
required funds to pay the balance. Though there is potential for extensive =
growth in property prices, there are many risks in buying property in Egypt=
. So the buyer should proceed with care and ensure that due diligence is in=
place before completion. .