Why choose us?

1. We have exhaustive information on Red Sea real estate, and we select properties for you that meet your demands and have the best price/quality ratio, which means we save your money.

2. We hire highly qualified, not “popular” and expensive, lawyers to register your property, which means we save your money.

3. We have bought and registered our own property, learning all the subtleties of the Egyptian legislation with regard to property registration. Our experience saves your money.

4. Our main advantage is that we offer not only a property for sale, but also exhaustive legal information about it. We answer such important questions as:

— Whether you will be able to register your ownership right;
— Whether you will be able to get a residence visa, etc.

Real estate is more then just listing , marketing ,or selling real property . real estate is where families are formed ,children grow ,or we just simply creat our home . while transacting for real estate , the ultimate goal is that of making a piece of this world yours .

Why Egypt ??

Whether you are intending to buy property for vacation or for investment purposes, Egypt presents numerous reasons why it should be your destination of choice. Below are a few of the characteristics of Egypt that make it an ideal choice for real estate investment.

• Sunshine all year-round with mild climate, makes Egypt quite literally a 365 day holiday destination.

• Massive coastlines on both the Mediterranean and Red Sea offer sandy beaches and clear blue waters.

• Catering to travelers with various interests, Egypt overwhelms you with unmatched experiences from historical wonders, exciting water sports, and safaris in the untamed deserts all the way to hip nightlife partying and sheer relaxation by basking on the beach or sailing down the river Nile.

• A vast wealth of heritage and culture. Egypt, the land of the Pyramids, is the birthplace of the world’s first recorded civilization. By the river Nile, almost every other civilization has left its mark.

• Despite the recent increase in property prices in Egypt, they are still extremely attractive, yielding substantial annual capital appreciation.

• High rental returns and good value for money on your property.

• Egypt appears to be a safe-haven from the international turmoil in the property market, thanks to restricted mortgage and lending practices. However, prices started stabilizing as the price increase curve drops, even though demand continues to exceed supply.

• Low cost of living.

• Government policies aiming to attract foreign investment by streamlining and easing property purchase for overseas buyers.

• Favorable property taxation schemes.

• Perfect geographical location with easy air access, and short flight times.

• Favorable property taxation schemes.

• Perfect geographical location with easy air access, and short flight times.

• Natural un-spoilt landscapes.

• Huge investments in infrastructure, boosts the property market further.

• English is widely spoken after the native language, Arabic.
Legal procedures
Buying a property in Egypt is perceived by local companies and individuals in the field as a straightforward procedure. Nevertheless, as a general rule, before buying any property, there are a few steps to take and issues to address in order to safeguard your investment and guarantee your peace of mind.

A deal typically starts with a private sales contract between the buyer and the seller. The buyer would take this contract and register it through the real-estate department and the notary public. Registration fees were originally 3% of the property value. However it is deemed that over 80% of property in Egypt is unregistered due to owners avoiding this hefty cost. That is why the government has reviewed this fee making it a maximum of LE 2,000 (*around Euro 250) based on the property area.

When buying a pre-owned property you must check the registration, mortgage, and tax status of this property, as this information will not appear in the property’s title deed.

A lawyer or solicitor specialized in the real-estate sector will carry out the aforementioned procedures in exchange for a fee. Over Egypt can recommend such professional law firms if you so wish.

If you are the first owner of a property like a house within a new development or buying a property off-plan, above concerns will not apply. However make sure that the land is registered by the developer. A copy of this registration document is typically enclosed with your sales contract.

Property tax in Egypt is a favorable point. There is no capital gains tax, no inheritance tax and no stamp duty. However, the new real-estate boom in Egypt is in its infant stages. A new property tax law that was approved by the parliament states that properties under LE 500,000 (Euro 62,500) will be exempted, yet those with values above this amount will be subject to an annual tax depending on location, surrounding infrastructure, and so on. Authorities are currently in the process of placing fair values on such properties throughout the country. For example a house valued at LE 1,000,000 (Euro 125,000) will be subject to an annual tax of somewhere between LE 650-2,500 (Euro 81.25-312.5) A new tax scheme will also be imposed on units yielding annual rental returns higher than LE 6,000 (Euro 750). This taxation will amount to 10% of annual rental value, upon deducting 30% of that value for residential units and 32% for non-residential units, as maintenance and other costs.

However, we strongly believe that above new laws will not be implemented in the near future. The government will postpone any tax imposing policies for the time being. Reason is the global economic slowdown and its impact on the real-estate markets.

We will be with you along the way to guide you through each and every step of your property purchasing process. Over Egypt will advise you on your detailed expenses, tax or other, based on your individual situation and the property you choose. We fully trust all the developers and property owners communicated through our website – a crucial point in our meticulous selection process.

Awaiting your valuable contact and inquiries.

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