FAQ

Frequently Asked Questions

 

About EgyptSwiss

EXPERIENCED: EgyptSwiss has been involved in the development and sale of property in Hurghada since 2009. The company currently has 4 completed buildings and another 4 in developments. Many of the units have sold within 3 months due to the previous investor success.

PROEFFESSIONAL: We have a diverse and professionally trained team who are always ready to help and assist clients in finding their dream property whether it be a small cosy studio, a luxury penthouse or private villa. We also provide various extra services including those of our interior designer and shopping expert in Hurghada and our British embassy recommended lawyer – whatever you need – we have got the know-how!

TRIED & TESTED: We have many testimonials from our happy clients post purchase, most are available to see on our website and also in our offices. This makes us eager to maintain this level of service and stay at the top of the development ladder.

Buying Property in Egypt

Many of our clients ask for a diagram and explanations regarding various issues about process of apartment sale.

DEWELOPER land and building documents

There are two types of land registration and both correct ones. The land may or may not be registered in the so-called green contract court. If the land and building have or do not have green contract, these documents are made available to the buyer at the time of the transaction. If the land and building do not have a green contract in accordance with the law should be attached documents from the Municipal Office Hurghada / CITY COUNCIL / certifying that they do not have a mortgage or loan installments on them.

BOTH TYPES OF PROPERTIES MAY BE SOLD TO THE BUYER.

TAWKIL

document – POA – Power of Attorney – a notarial authorization to dispose of an act or thing. Tawkil is issued as an authorization for, for example, a lawyer to perform a specific act and in the case of selling the item / stuff / car / motor etc … The tawkil chronology is preserved and the previous orginals are passed to the new owner. EVERY TAWKIL HAS A UNIQUE NUMBER. Many apartments are sold only with the help of a tawkil document / with an accompanying buy / sell contract / or for the purchase / sale contract itself.

An additional form of registration is “signature of validation” – the signatures of the signatures of both parties on the purchase contract, which is approved by the court in Hurghada.

This procedure includes: issuing a tawkil for a lawyer who will represent the buyer in a court in Hurghada and deal with the whole process alone without the participation of the client.

 

WARNING. The TAWKIL document is distinguished between: general and plural. In the first case, the owners may sell the property only together / the issue of mixed marriages or people who finance the apartment together. However, it is a solution blocking sales in the event of a conflict in the family or divorce between the spouses

In the second case, every person in the tawkil has the right to sell the property without the presence of the other person. This is important in the case of property inheritance rights in Your orginal country or in Egypt and I usually recommend them to our clients if they trust their partners 100%. Even children of our clients can be entered into such a tawkil.

 

SALE RESELLING PROCESS

CONTRACT FOR SALE PURCHASE – we prepare it in the language required by Client and Arabic language as well. The individual paragraphs are next to each other and have the same numbering. Each party to the contract is initialed as well as signed by both parties.

If the building has a green contract, you can authorize a lawyer with a tawkil document to get a green contract for a flat in Cairo or Hurghada. Real estate registered with green contract can have only two and pay an annual tax of about 2000 LE

If the building does not have a green contract, you can authorize a lawyer with a tawkil document to register a purchase and sale contract in a court in Hurghada, the so-called “signature of validation” or confirmation of the signature of both parties. You can have any amount of such properties.

TAWKIL

tawkil is issued in the notary office Shara’a kari from one owner for the second / or authorized representative / and the sale of the flat can only take place by issuing such a document. However, we recommend that in addition to tawkil, always make a purchase contract to include all legal and notarial information in it.

Tawkil is displayed regardless of whether the building has or does not have a green contract. Such properties can be of any quantity.

At present, a tax of 500-1500 EGP per annum is paid from registered apartments with a Tawkil document. Very often, however, it is not charged.

 

ADDITIONAL COSTS FOR SALE OF FLAT

 

LEGAL SERVICE EGYPTSWISS – full supervision over document control and sales process as well as the cost of tawkil – about 300-400 €

CONTRACT REGISTRATION FOR SALE IN THE HURGHADA COURT – signature of validation – costs of lawyers – various. Client is charged From USD 300 up

REGISTRATION OF GREEN CONTRACT IN THE COURT OF HURGHADA / CAIRO — costs of lawyers – various. Client / approximately USD 1,500-2,000

MEASURE OF THE ELECTRIC ENERGY COUNTER in the name of the new owner / update March 2018 / – costs by the Customer

The first owner must purchase a new counter. to do this, he authorizes a lawyer’s TAWKIL, who carries out a procedure on his behalf in an electrical company. The owner receives a ready meter, which is installed by an electric company. Currently, all new counters are on PRE-PAID cards with any top-up. COST OF INSTALLING A NEW COUNTER IS APPROX. 200- 250 USD / depends on the exchange rate / The electric company supplies and installs a new meter and grants a one-off loan of 100 LE
another owner authorizes the lawyer to “rewrite” the meter in his name or it is done directly by the seller. When rewriting, we have two options. Either change of name or application for a new meter / which are currently mandatory in 2018 / This second option is the best because it does not double the cost and the new counter will still be required to buy. The cost is about 200-250 USD
annual service fees for building / maintenance of swimming pools, cleaning, salary for protection, lifts, etc. / so-called maintenence – the cost of the fee is very different and ranges from 150 to 2000 USD. The average cost is about 200 usd / year.
tax on the purchase and registration of real estate / Tawkil or Signature of validation / in the amount of approximately 850-1400 EGP / very often not charged

 

© Joanna EgyptSwiss

Direct from EgytpSwiss the majority of our apartments are sold turnkey (unfurnished with ready bathroom and all plumbing/space for air conditioning units). We also offer a variety of resale apartments that come furnished. There’s always a lot of flexibility in this area, so you may be able to negotiate for the apartment you want without furnishings if it’s furnished, and for unfurnished one’s we have an in house interior design team to help you secure brand new, or second hand, or customer made furnishings.

YES! We love showing you around – come and see one, come and see 20. We are happy to take you around as many properties as you are interested and will also show you other that we think you may like based on your reactions. We enjoy this part of our job the best – showing of this great city is a big part of showing you the apartments so if you’re brand new to the area then don’t panic because we will go the extra mile to ensure you are buying not just the right apartment… but in the perfect location, location, location!

We would 100% recommend using a lawyer. No questions asked! As a client of ours you have use of our embassy recommended lawyer free of charge however we are more than happy working with an independent lawyer of your choosing. In all cases the contracts will be drawn up (according to the law) in Arabic and one other language. It’s so important to know what you are signing so don’t accept anything less.

No. The only documents needed to buy an apartment are a tourist visa (valid for 30 days) and a valid passport. But if you do need or want to stay longer than a visa extension is not hard to obtain.

Nothing can replace actually visiting a property, whether off plan or not. For the majority of our properties we offer… we are the actual developer so you can 100% trust that we have been to the property in person. In fact as the developer and exclusive sellers we have watched and nurtured most of these properties before a single brick was laid!

For the properties where we are simply the agent we visit these properties regularly to check all is in order; this is made possible because our staff are actually on the ground here in Egypt. We are a highly motivated team and will walk you through everything step by step, including tours of the area to show you what else is out there.

Legal Information

Many of our clients ask for a diagram and explanations regarding various issues about process of apartment sale.

DEWELOPER land and building documents

There are two types of land registration and both correct ones. The land may or may not be registered in the so-called green contract court. If the land and building have or do not have green contract, these documents are made available to the buyer at the time of the transaction. If the land and building do not have a green contract in accordance with the law should be attached documents from the Municipal Office Hurghada / CITY COUNCIL / certifying that they do not have a mortgage or loan installments on them.

BOTH TYPES OF PROPERTIES MAY BE SOLD TO THE BUYER.

TAWKIL

document – POA – Power of Attorney – a notarial authorization to dispose of an act or thing. Tawkil is issued as an authorization for, for example, a lawyer to perform a specific act and in the case of selling the item / stuff / car / motor etc … The tawkil chronology is preserved and the previous orginals are passed to the new owner. EVERY TAWKIL HAS A UNIQUE NUMBER. Many apartments are sold only with the help of a tawkil document / with an accompanying buy / sell contract / or for the purchase / sale contract itself.

An additional form of registration is “signature of validation” – the signatures of the signatures of both parties on the purchase contract, which is approved by the court in Hurghada.

This procedure includes: issuing a tawkil for a lawyer who will represent the buyer in a court in Hurghada and deal with the whole process alone without the participation of the client.

 

WARNING. The TAWKIL document is distinguished between: general and plural. In the first case, the owners may sell the property only together / the issue of mixed marriages or people who finance the apartment together. However, it is a solution blocking sales in the event of a conflict in the family or divorce between the spouses

In the second case, every person in the tawkil has the right to sell the property without the presence of the other person. This is important in the case of property inheritance rights in Your orginal country or in Egypt and I usually recommend them to our clients if they trust their partners 100%. Even children of our clients can be entered into such a tawkil.

 

SALE RESELLING PROCESS

CONTRACT FOR SALE PURCHASE – we prepare it in the language required by Client and Arabic language as well. The individual paragraphs are next to each other and have the same numbering. Each party to the contract is initialed as well as signed by both parties.

If the building has a green contract, you can authorize a lawyer with a tawkil document to get a green contract for a flat in Cairo or Hurghada. Real estate registered with green contract can have only two and pay an annual tax of about 2000 LE

If the building does not have a green contract, you can authorize a lawyer with a tawkil document to register a purchase and sale contract in a court in Hurghada, the so-called “signature of validation” or confirmation of the signature of both parties. You can have any amount of such properties.

TAWKIL

tawkil is issued in the notary office Shara’a kari from one owner for the second / or authorized representative / and the sale of the flat can only take place by issuing such a document. However, we recommend that in addition to tawkil, always make a purchase contract to include all legal and notarial information in it.

Tawkil is displayed regardless of whether the building has or does not have a green contract. Such properties can be of any quantity.

At present, a tax of 500-1500 EGP per annum is paid from registered apartments with a Tawkil document. Very often, however, it is not charged.

 

ADDITIONAL COSTS FOR SALE OF FLAT

 

LEGAL SERVICE EGYPTSWISS – full supervision over document control and sales process as well as the cost of tawkil – about 300-400 €

CONTRACT REGISTRATION FOR SALE IN THE HURGHADA COURT – signature of validation – costs of lawyers – various. Client is charged From USD 300 up

REGISTRATION OF GREEN CONTRACT IN THE COURT OF HURGHADA / CAIRO — costs of lawyers – various. Client / approximately USD 1,500-2,000

MEASURE OF THE ELECTRIC ENERGY COUNTER in the name of the new owner / update March 2018 / – costs by the Customer

The first owner must purchase a new counter. to do this, he authorizes a lawyer’s TAWKIL, who carries out a procedure on his behalf in an electrical company. The owner receives a ready meter, which is installed by an electric company. Currently, all new counters are on PRE-PAID cards with any top-up. COST OF INSTALLING A NEW COUNTER IS APPROX. 200- 250 USD / depends on the exchange rate / The electric company supplies and installs a new meter and grants a one-off loan of 100 LE
another owner authorizes the lawyer to “rewrite” the meter in his name or it is done directly by the seller. When rewriting, we have two options. Either change of name or application for a new meter / which are currently mandatory in 2018 / This second option is the best because it does not double the cost and the new counter will still be required to buy. The cost is about 200-250 USD
annual service fees for building / maintenance of swimming pools, cleaning, salary for protection, lifts, etc. / so-called maintenence – the cost of the fee is very different and ranges from 150 to 2000 USD. The average cost is about 200 usd / year.
tax on the purchase and registration of real estate / Tawkil or Signature of validation / in the amount of approximately 850-1400 EGP / very often not charged

 

© Joanna EgyptSwiss

Many of our clients ask for a diagram and explanations regarding various issues about process of apartment sale.

DEWELOPER land and building documents

There are two types of land registration and both correct ones. The land may or may not be registered in the so-called green contract court. If the land and building have or do not have green contract, these documents are made available to the buyer at the time of the transaction. If the land and building do not have a green contract in accordance with the law should be attached documents from the Municipal Office Hurghada / CITY COUNCIL / certifying that they do not have a mortgage or loan installments on them.

BOTH TYPES OF PROPERTIES MAY BE SOLD TO THE BUYER.

TAWKIL

document – POA – Power of Attorney – a notarial authorization to dispose of an act or thing. Tawkil is issued as an authorization for, for example, a lawyer to perform a specific act and in the case of selling the item / stuff / car / motor etc … The tawkil chronology is preserved and the previous orginals are passed to the new owner. EVERY TAWKIL HAS A UNIQUE NUMBER. Many apartments are sold only with the help of a tawkil document / with an accompanying buy / sell contract / or for the purchase / sale contract itself.

An additional form of registration is “signature of validation” – the signatures of the signatures of both parties on the purchase contract, which is approved by the court in Hurghada.

This procedure includes: issuing a tawkil for a lawyer who will represent the buyer in a court in Hurghada and deal with the whole process alone without the participation of the client.

 

WARNING. The TAWKIL document is distinguished between: general and plural. In the first case, the owners may sell the property only together / the issue of mixed marriages or people who finance the apartment together. However, it is a solution blocking sales in the event of a conflict in the family or divorce between the spouses

In the second case, every person in the tawkil has the right to sell the property without the presence of the other person. This is important in the case of property inheritance rights in Your orginal country or in Egypt and I usually recommend them to our clients if they trust their partners 100%. Even children of our clients can be entered into such a tawkil.

 

SALE RESELLING PROCESS

CONTRACT FOR SALE PURCHASE – we prepare it in the language required by Client and Arabic language as well. The individual paragraphs are next to each other and have the same numbering. Each party to the contract is initialed as well as signed by both parties.

If the building has a green contract, you can authorize a lawyer with a tawkil document to get a green contract for a flat in Cairo or Hurghada. Real estate registered with green contract can have only two and pay an annual tax of about 2000 LE

If the building does not have a green contract, you can authorize a lawyer with a tawkil document to register a purchase and sale contract in a court in Hurghada, the so-called “signature of validation” or confirmation of the signature of both parties. You can have any amount of such properties.

TAWKIL

tawkil is issued in the notary office Shara’a kari from one owner for the second / or authorized representative / and the sale of the flat can only take place by issuing such a document. However, we recommend that in addition to tawkil, always make a purchase contract to include all legal and notarial information in it.

Tawkil is displayed regardless of whether the building has or does not have a green contract. Such properties can be of any quantity.

At present, a tax of 500-1500 EGP per annum is paid from registered apartments with a Tawkil document. Very often, however, it is not charged.

 

ADDITIONAL COSTS FOR SALE OF FLAT

 

LEGAL SERVICE EGYPTSWISS – full supervision over document control and sales process as well as the cost of tawkil – about 300-400 €

CONTRACT REGISTRATION FOR SALE IN THE HURGHADA COURT – signature of validation – costs of lawyers – various. Client is charged From USD 300 up

REGISTRATION OF GREEN CONTRACT IN THE COURT OF HURGHADA / CAIRO — costs of lawyers – various. Client / approximately USD 1,500-2,000

MEASURE OF THE ELECTRIC ENERGY COUNTER in the name of the new owner / update March 2018 / – costs by the Customer

The first owner must purchase a new counter. to do this, he authorizes a lawyer’s TAWKIL, who carries out a procedure on his behalf in an electrical company. The owner receives a ready meter, which is installed by an electric company. Currently, all new counters are on PRE-PAID cards with any top-up. COST OF INSTALLING A NEW COUNTER IS APPROX. 200- 250 USD / depends on the exchange rate / The electric company supplies and installs a new meter and grants a one-off loan of 100 LE
another owner authorizes the lawyer to “rewrite” the meter in his name or it is done directly by the seller. When rewriting, we have two options. Either change of name or application for a new meter / which are currently mandatory in 2018 / This second option is the best because it does not double the cost and the new counter will still be required to buy. The cost is about 200-250 USD
annual service fees for building / maintenance of swimming pools, cleaning, salary for protection, lifts, etc. / so-called maintenence – the cost of the fee is very different and ranges from 150 to 2000 USD. The average cost is about 200 usd / year.
tax on the purchase and registration of real estate / Tawkil or Signature of validation / in the amount of approximately 850-1400 EGP / very often not charged

 

© Joanna EgyptSwiss

Renting in Egypt

YES! EgyptSwiss has years of experience with renting apartments and we are happy to help you with this. We can offer to market and choose your clients, keep the apartment clean and let you know if anything needs work; we can also source and add any extra furniture, utensils and the like if you don’t have the time. It’s fairly simple to set up, you being the owners give us authorization to represent you with regarding to renting your apartment, and also to secure any deposits and collect the rent.

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