Frequently asked questions
1 / Can a foreigner own real estate in Egypt?
Yes, this is regulated by law 230 of 1996 of Egyptian law.
2 / Do I need a visa?
All you need is a tourist visa for purchase, later it can be resolved with a title deed and a residence permit can be applied for
3 / Do I need to have an account in the Bank of Egypt?
Not during the purchase process itself.
4 / Can I rent out my apartment?
Yes, you can rent your apartment.
5 / Do I need a lawyer when buying real estate?
Yes, it is very important to have a good and trustworthy lawyer, and to authorize him to represent you in all legal acts.
6 / Do I have any guarantees for the quality of the construction?
According to the law, there is at least a 5-year guarantee for the quality of the construction, but some developers give up to a 10-year guarantee.
7 / Can I insure the property?
Yes you can, Allianz insurance and Royal& Sun Alliance are the two biggest insurance companies in Hurghada.
8 / Can I sell my property before completion?
Yes, it is possible, but it is not financially beneficial for you.
9 / Are the apartments furnished or unfurnished?
The apartments are sold both furnished and unfurnished, it depends on the seller.
10 / Is the price of the property from the developer final, or is it increased by the real estate company's commission?
Individual resorts have specific fees, the so-called service fee for maintenance, transfer of ownership if you buy from the owner and not from the resort. These fees are usually not included in the price.
11 / What are the other expenses associated with the purchase of real estate?
Other expenses are fees associated with real estate registration and legal fees.
12 / What are the costs associated with using the property?
The costs associated with the use of the property are different from case to case, depending on what you have available / swimming pools, elevator, security service, roof terrace, internet, satellite, etc. / the amount of costs is approximately from 300 EUR per year, in some resorts up to 1000 EUR per year.
13 / Can I buy a car in Egypt?
Yes, you can, but it is not possible to own it unless you have a residence visa for at least one year.
14 / Can I bring my own car to Egypt?
Yes you can, but the customs fees are very high, so it is not convenient.
15 / Can I bring my dog to Egypt?
Yes, you can bring two dogs free of charge, but they must have a license and be vaccinated.
16 / What is the best way to get to Hurghada from Slovakia?
The best way is by air from Bratislava, Vienna, Prague, Budapest and Katowice with charter flights.
17 / Approximately how much does a return ticket cost?
The price of a return ticket depends on the time of year. The highest is in the months of July and August. Its amount in other months ranges from 200 to 300 Euros