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 Is there a builder’s warranty on new build, property in Egypt ?
Answer
Yes, most developers offer a 10 year warranty. Always check the contract. Many other investment property overseas in other emerging property markets won't offer this. |
Do I need to become a resident of Egypt to buy a property?
Answer
Yes, you have to obtain a residents visa, so that you can open a bank account and if using an Egyptian lawyer give him power of attorney to register your property in court.
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Is there any Stamp Duty?
Answer
No. One of many great tax perks that make Egyptian overseas property investments a great purchase!
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What type of running costs should the buyer expect?
Answer
Apart from the annual Real Estate tax of approximately EGP 500 (approx. GBP £50)and the annual maintenance mentioned in the contract, there will be utility (water & electricity) charges which are substantially lower than by European comparison and other overseas investment property locations |
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