Real Estate

We count more then 200 agencies of Real Estate in Red Sea Hurghada. In whole Egypt this amount increase daily. Present explains by a building boom and active interest between international companies and buyers. The most safe way is the sales of big developers, like Orascom, who offer the share investment to the construction.Buying an apartment or villa is the best way of investment in Egypt.

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Benefits when you buy a house as foreigner

This is benefit: first you will get an highly liquid assets abroad that will increase in their cost more than double after two years; second is fully year vacation is one of the side of the benefits to launch the tourism or guest rental business there.

You may get a residence visa in Egypt after preparing all the documents according to your ownership of apartment or villa. With a residence you have a lot of rights inside of the country including to build your own business and to establish your company, buying car and getting the license or to start the trade activity. 

 

Why buy with a green contract?

It is common in Egypt that properties change hands by means of a power of attorney only, this contains risk. What is so important about the green contract? A green contract is a document confirming that the property indicated in it and its current owner are in the unified state register of real estate in Egypt. The presence of the Green contract guarantees the inviolability of property by the state. The ownership in the Egyptian law only transfer officially from seller to buyer through registration procedures. The Registration protects the buyer from mortgage procedures if the seller takes a loan from bank. A registration protects the buyer from administration arrest from any governmental authority such as tax authority, in case problems arise between the developer and this authority. Also it protect buyer from any second sale for the same apartment, the seller can make several.

Power of Attorney for the same apartment for several buyers but the registration contract can’t make for more than one person. The buyer will take official contract stamped and registered from the notary public, which will be the official title of deed, as the strongest document buyer can have in his hand. A registration contract will reflect the exact square meter for the apartment, the exact share of the apartment in the land and the exact share of the apartment in the common areas in the building.

Let it arrange by us, to secure your safety in buying a property.

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