What are the legal regulations to buy a property in Sharm El Sheikh, Egypt?
Year 2002 the government issued a law allowing non Egyptians to buy properties with maximum land up to 5,000 sq/m (50,000 sq/f) to reside.
No Capital gain.
No capital gain on resale.
No sale tax.
Tax break (low stamp duty)
Low death succession duty 7 %( transmit property)
Tax benefits (tax almost does not exist)
What are the steps required to buy a property in Sharm El Sheikh?
Steps to buy a property:
1- Inquire about the property documents.
2- Write a contract of purchase (English/Arabic) and in exchange of the value of the property against all title deeds.
3- Lawyer in court notarizes the contract and the signatures.
We have a legal department in our office
Contact us for free advice
Why Mars real estate is different?
Mars real estate has a distinguished place in Sharm El Sheikh against other real estate companies, because we have the advantage of owning properties in the most attractive resort in Na'ama bay, which allow us to work not only as brokers, but also as owners. In addition, we also own properties in many other places in Sharm El Sheikh.
So, our treatments are more easy, more safe, and more reliabale.