In Sharm el sheikh they are usually on a 99 year leasehold and the is renewable so when you sell it you sell it as a 99 year lease. In Hurghada they are usually freehold.
Is there an annual maintenance charge for complexes with communal facilities?
There are usually annual maintenance fee and this covers, swimming pool maintenance, communal areas, garden maintenance and communal area lighting etc...
The cost varies between developments but usually look at it being between £250 and £400 per year.
Are there local taxes to pay?
Yes, but the cost is usually tiny.
How long is the rental season?
52 weeks a year.
What are the likely rental rates?
Around £250 a week for a 2 bedroom apartment..
Are mortgages available?
Mortgages are available but are expensive.
What is the purchase proceedure?
90% of Egyptian property is bought and sold on a contract and no further action is required you have a further option to register the contract in law courts and this will cost approx £300 including lawyer fees.
Where do the tourists come from?
UK, Belgium, Italy, Germany and Russia as well as many others.
How popular is Egypt as a holiday destination?
Extremely popular with English tourism in Egypt growing by 52% last year.
What is the time difference?
1 hours to 2 hours depending on the time of the year.
