Foreigners looking to buy property in Hurghada need to understand the legal framework to ensure a smooth transaction.
Key Legal Steps:
- Title Deed Verification: Ensure the property has a clear title and is free of disputes.
- Arabic Contracts: All property contracts must be in Arabic. It’s recommended to hire a legal expert for translations.
- Registration: Properties must be registered with the Egyptian Real Estate Publicity Department to secure ownership rights.
Restrictions and Benefits:
While there are some restrictions on owning land near military zones, foreigners can freely purchase apartments, villas, and other residential properties. Additionally, buying property worth $50,000 or more can facilitate obtaining a residency permit in Egypt.
Final Advice:
Always work with trusted real estate agents and legal professionals to avoid potential pitfalls.
