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Permanent/Holiday Homes Egypt |
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Foreign purchasers have the right to own real estate and land in Egypt. Today the government recognizes the great value foreign investors in property have for the success of the economy and have set about actively encouraging overseas buyers to Egypt.
Buying property in Egypt is a straightforward affair provided you employ a lawyer to sort out an otherwise complex system of property registration. Below you will gain a general overview on what to expect when you invest in Egyptian property.
New laws have been established to make the Egyptian property purchase procedure more secure. For example, the government can no longer impound or nationalize any property they wish – a practice that stood for centuries. These changes, along with a few others, are increasing confidence amongst overseas buyers Foreign purchasers have the right to own real estate and land in Egypt. Today the government recognizes the great value foreign investors in property have for the success of the economy and have set about actively encouraging overseas buyers to Egypt. New laws have been established to make the Egyptian property purchase procedure more secure. For example, the government can no longer impound or nationalize any property they wish – a practice that stood for centuries. These changes, along with a few others, are increasing confidence amongst overseas buyers. McLaren Investments Limited is a dedicated overseas property company, who are set up to guide you through the buying process when purchasing an Investment Property Abroad. Once you have purchased your Overseas Property, McLaren Investments will ensure your money works at its full potential, allowing the value of your Overseas Property Portfolio to flourish.
egypt General Information | Average Temperatures | Getting There There are regular flight to Egypt from UK airports. Flight time is around five to five and a half hours depending on your departure and destination airports. The Egyptian airports for each region are Cairo International, Borg El Arab and Luxor Airport Time GMT +2 Population approx: 80 million | Climate in Egypt Hot, dry summers with mild, dry winters and cold nights. Rainfall is negligible except on the coast. In April, the hot, dusty Khamsin wind blows from the Sahara. | Business hours Winter: Tues, Wed, Fri and Sat 0900-1900, Mon and Thurs 0900-2000.
Summer: Tues, Wed, Fri-Sun 0900-1230 and 1600-2000. During Ramadan, hours vary, with shops often closing on Sunday. | Cost Of Living Loaf of bread: €0.40 (29p), bottle of wine: €0.71 (£1) | Currency EG£. £1 = EG£11.42 (average)
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