Real Estate in Egypt
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Interest towards the property in Egypt has been growing during last years: more and more foreigners are willing to invest into this sector of the local economy, not only in resort areas like Hurghada and Sharm El Sheikh: real estate market in Cairo, as well as in Alexandria and Luxor, is gaining popularity. Regarding that point, it is desirable to remember that real estate acquisition gives foreigners the right to own the property across the country, except the Sinai Peninsula: due to its special economic and political status, a contract of long-term lease for 99 years is signed when purchasing real estate there.

Acquisition of real estate by foreigners in Egypt is regulated by several laws, according to which foreigners are allowed to purchase no more than 2 properties for each person or family member (close relatives) in the country. The area of each property object should not exceed 4000 m2. (Act 230, 1996).

Other tips сoncerning buying property in Egypt can be clarified by our experienced lawyers. See you soon in sunny Egypt!


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