Classica Real Estate

Is it possible for foreign nationalities to own property in Egypt?

Yes actually it is possible for foreigners to possess property in Egypt.

what is the most regular here, leasehold or freehold?

Actually the most common now is the freehold.

Are there any building's guarantees for the new properties?

Mostly there are building guarantees which can be as long as 5 years.

Does a foreigner need a lawyer?

Yes actually it is vastly recommended to have a lawyer when buying a property.

Is it possible to re-sell the property?

Yes it is pretty possible.

Is it possible to re-sell the property before completion time?

It is possible to re-sell your property before completion –payment must be completed firstly- , yet it is mostly recommended to consider re-sell it after completion which can double your turnover.

Is it possible to rent property after completion?

Yes it is possible and many professional Real Estate agencies can manage this matter in the best way.

Is it possible to complete payment while being in home country?

Sure it is possible through bank transfer, and it depends on each property's payment system.

Does it require a visa to buy a property?

No it doesn't indeed.

Is there a fluent transportation from Europe to Hurghada?

Yes indeed it is only 4 hours flight from Europe to Hurghada, and now they have a daily flight schedule.

Do they deliver the property finished?

Mostly the reputable Real Estate companies deliver the properties with finishing, however some does deliver property semi-finished.

Is there any V.A.T tax?

No actually there is no V.A.T tax.

Is there any Government tax?

Actually not.