Buying real estate - Egypt

Покупка недвижимости - Египет Buying real estate - Egypt
Step 1. Objects in the directory you select one or more suitable options for you and tell us about them. We check whether they are available and refine their cost.







Step 2. After verification, you are traveling to Egypt to inspect facilities and processing the transaction.







The easiest way to get this trip ticket.





In turn, we can arrange airport Hurghada or Cairo. Russian-speaking member of the firm will wait for you with a sign on which is written your name, as well as provide you with transfers and accommodation (if it is agreed in advance).



Step 3. We agree on viewing objects at a convenient time for you. Inspect facilities and stop at one of the options available









Step 4. After determining the object of purchase in our office is a contract with our company attorney for legal services and the support of the transaction (the cost for a lawyer is 1000f, which is equivalent to $ 180), as well as contract fees for services of our company (up to 5% of the value of the property purchase) .









All contracts are made in Russian and Arabic languages.



Step 5. On the same day at the notary public in the name of one of the lawyers of our company issued power of attorney to represent your interests relating to the sale of an object.



To place an attorney at the notary public must renew the tourist visa. To this end, the Service provided to the passport control passport and a completed application form with 1 photo for documents of arbitrary format. The above documents are served in the morning, with the updated passport visa can be obtained on the same day after 14h.



Then a notary public issued a power of attorney to a lawyer.



Employees must accompany you in all instances.



Step 6. In the office of the company is a contract of purchase - the sale between the owner of the object (the seller) and you (the buyer), which specifies the subject and conditions of purchase, the responsibility of the parties, the penalties.



Step 7. Payment is made the object of sale under the contract, and paid a commission of the company.



In the case of a deposit or installment payment is the initial sale agreement. If full payment is the final contract. Both the contract may be filed for registration in court. The original contract - to recognize its validity, the final agreement - for state recognition of property rights to purchase real estate. When submitting documents to the court issued a document stating that the contract of sale on the property object passed to the registration.



Step 8. In the public notary's office draws to you the seller (buyer) General irrevocable power of attorney (Taukil) to the object of purchase. This authorization can be issued only when full payment of the object of sale under the contract.







After receiving the General Power of Attorney (Taukil) in notary public, you become a property owner







Step 9. Registration of ownership rights (purchase agreement) the court is carried out within 2 - 6 months.When registering the agreement in court, paid tax to the state - 3% specified in the contract price of the property (according to the law number 230 of 1996).. Your presence in court is not required, our attorneys represent your interests by proxy.



Customers who purchase property through our company, legal services for registration of the contract in court, is free.



A passport - the only document necessary for you to purchase property in Egypt and registrtsii property rights.





Adapting to new conditions



We offer not only real estate but also help in adapting to new conditions. Housing Administration (from the utilities, to property rental and payments to tenants), assistance in obtaining loans, mortgages, assistance in buying a car, installing a satellite dish, receiving Russian channels, the placement of children in kindergartens and schools ....

You can rely on us when applying for insurance on the property and car, as well as during repair and construction work in the apartment (buying furniture, appliances, accessories)



Expenditure on the Estate





Real estate is not taxed.



Utilities:



- Gas bottle ($ 3, enough for 1 - 5 months);

- Electricity (paid on the counter $ 5 - $ 25 per month, depending on the location of the property);

- Water (maximum $ 60 per year or pay over the counter, depending on the location of the property);

- Garbage collection (about $ 5 per month);

- Landline (per minute charges that are different tariffs for calls to mobile phone, landline phone and Internet usage).







Take your time to buy property in Egypt at low prices! Traditionally, prices go up every year before the new season Покупка недвижимости - Египет Additional charges agent's commission: from 1,5 to 5% of project cost.



Services on legal support of transactions: £ 1000.



Upon registration of ownership rights in court oplachiavetsya 3% tax on the price specified in the contract



Покупка недвижимости - Египет Expenditure on the property One of the attractive aspects of purchasing property in Egypt is that there is no annual tax on residential property.



General public services.

The cost of general public services in Egypt are much lower than in other countries. While the size of each individual account may vary, as a rule, the cost of servicing the apartment (2 bedrooms, living room) range from 10 to $ 30 a month. They include payment for water, sewerage, electricity, garbage collection. May be connected to a cable television (15 channels, including channel ORT International), the monthly payment 30 egip.funtov, connection 150 egip.funtov.



The cost of utilities



1. Collecting the garbage, whose value is determined by location and size of real estate - 10-20 USD / year

2. Annual contributions to the pools, landscaping, athletic fields, tracks or other facilities, if any, within the complex - an average of 100-200 dollars per year

Utilities are:

1. Electricity - 0,05 U.S. $ / kW

2. Water - 0,1 - 0,5 U.S. $ / m3, depending on the area

3. Gas - mostly imported - 10l tank - about 6 er. £

4. Phone - connection fee of about $ 175 Banks. Credits. Mortgages in Egypt.

In Egypt, a mortgage to buy property can only qualify for a resident of this country.

Ie foreigner there can not get credit until rezidenskuyu will issue a visa (rezidenskuyu visa can be obtained only after the purchase of real estate, starting a business or marriage).



Buying a property in installments in Egypt.

A foreign citizen can buy property in installments.

Installment gives "borrower-builder during the construction of houses to attract customers and cash.

The sum of the initial contribution of 10 to 50% .0

Payment is cash or b / n the calculation, according to a predetermined pattern with the borrower. "



Banking transactions in Egypt.

Transfer of funds takes 2 days.

The resulting currency will be converted into the currency of choice of retailer.



Exchange rates are determined by interest rates and bank commissions and be subject to any requirements of the bank properly. These requirements and the Commission should pay the sender. Exchange rates may change during the period of the contract and unusual and should be taken into account during the signing of contracts with the owner. Any shortages due to fluctuating interest rates must be paid by the buyer of property.



Banks in Egypt are closed for business on Friday and Saturday, and any funds received may not be withdrawn until Sunday, at the earliest.



Officially schedule banks in Egypt:

daily except Fridays and Saturdays, from 8.30 to 15.30.

But some offices in major hotels in Egypt sometimes work around the clock.



All payments must be received by deadlines as stated. The owner has the right to cancel the contract (or prescribe a penalty) according to each individual contract.



Therefore, all the better to make an advance payment deadlines to avoid any problems.