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Buying a property in Egypt
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Sales contract, land register, control
On the property acquisition civil law contracts are finally binding, i.e. there isnt any notary. A land register is existing, there isnt, however, any automatism of the entry. The property proof is, the right after over a civil law document, the so-called "Full Payment Document", this after complete purchase price payment gets you of Orascom, sufficing, produced.
In the case of the nevertheless desired entry into the land register taxes in the amount of 6% of the purchase price get due (plus the charges on one recommending for this procedure, advocate). Provided that your property is listed in the land register it is subject to a five-year resale block. A resale doesnt attack regular taxes on property, is just as tax-free within 10 years.
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Legal situation villa
At the purchase of a villa you become owners of the house as well as the immediate property on which the building field stands. You acquire the sole special usufruct (exactly like according to German law at the garden quota of a first floor apartment) at the remaining property area. This special usufruct is according to value included in the purchase price, i.e. no monthly use payments are charged just as little as it is limited from the point of view of time -- it is so or . The only reason
for rule is, that Orascom want to have the control about design and style inside El Gouna. So a harmonic look and feel all over El Gouna is guarantied.
Legal situation apartment
A purchase of apartment is analogue carried out to the legal situation in Germany, i.e. you acquire the special property at the apartment as well as a proportional quota of the complete object.
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Process purchase price payment
The purchase prices are guaranteed fixed prices in U.S. dollar. The payment of the purchase price is carried out by tax-free rates. The first rate in the amount of 25% of the purchase price (deducting the reservation charges at completion of a contract) is after purchase completion of a contract duly a month. The payment of the rest purchase price is carried out by equal rates every three months, how the number of these rates is addicted of the period of the completion of the object that is like a German property developer sales contract.
Regular additional costs
Here we distinguish between costs for water and electrical power whose respective consumption is read and cashed up monthly as well as the overhead costs
like street cleaning, garbage collection, security staff etc., which are set differently by object highly to object.
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"Owners Card" - Every buyer of a property receives four copies of this identity card one our unusual features -- . It is a card issued on your names or on names to your choice (by e.g. children or friends) with transparency. You hereby dont get only reductions in div. Transactions, restaurants and the busses. As well it is possible to use the beaches and the pools of the hotels (heated) the deck chairs and towels, partly even free of cost! |
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Visa |
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Various airlines offer the possibility of favourable only flights from many UK airports! The prices are in the annual average between approx. € 250 to 350. Target airport is Hurghada. The flying time is a little less than 5 hours from UK; the transfer time to El Gouna only is about 30 minutes.
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After entry with the tourist monthly visa (costs approx. € 15) it is uncomplicated to receive a prolongation for max. one year. And this annual visa is extendable without bureaucracy and considerable costs (approx.
€ 8 per annum) in turn, too!
As you see, your stay in the wonderful El Gouna stands nothing in the way!
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& real estate - Sarnen - All rights reserved.