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Buying a property in another country can be a daunting experience; Lords P&P therefore will ...
Egypt
Lords P&P International
Occupying a large chunk of Africa's north-east corner, Egypt stretches over more than 400,000 sq miles, the vast majority of which is desert. But the occupied 5% of the country is fantastic enough to have made it famous throughout history. Egypt can boast world-class historical tourist attractions such as the Temples of Luxor and Abu Simbel as well, of course, as the universally famous Pyramids on the outskirts of the sprawling and seductive city of Cairo, home to more than 16 million Egyptians.
Hurghada is famous for its vibrant cosmopolitan atmosphere, with an abundance of exclusive boutiques and fashionable shopping outlets, relaxed outdoor cafes, trendy chill-out bars and international restaurants. At night, Hurghada offers top entertainment, with leading European clubs and bars establishing venues in the area. El Dahar, the oldest part of Hurghada, is home to the town's largest bazaar where one can find the finest products Egypt has to offer: gold, jewellery, spices, brass, copperware, papyrus, perfumes, leather products, folkloric costumes, carpets, music and the famous Egyptian cotton.
Sharm El Sheikh is considered one of the most premiere resorts in the Middle East nestled between the enchantingly rich and pristine Red Sea, the sweeping grandeur of the Sinai Mountains, and the spacious mystique of the desert, it is a pulsating hub of alluring beauty. The development of the shore-line on this bay is now complete and the seafront boosts a beautiful paved walkway, lined with bougainvillea and oleander, following the full sweep of the bay. Neama Bay is the target for tourists in the evenings. This is where you will find many shops, restaurants, bars and 'Sheesha' cafes.
Climate in Egypt
Except for the Mediterranean coast, Egypt has a desert climate, hot and dry for most of the year, especially in the summer months between June and August with extremely high temperatures. Even in winter, temperature average 20 to 26C (68 to 79F).
Getting There
Flying time is about five hours from the UK. The Sinai Peninsula in the east and the Red Sea Coast to the west, and all are served with plentiful flights from northern Europe. In May 2007 Sharm El-Shiekh airport's second terminal was inaugurated with a capacity for 8 million passengers per year, which is perfect for the Red Sea coast, has weekly flights from six UK airports, with Thursday being the busiest day.
Currency Time
Egyptian Pound (LE) GMT + 2
Population Dialling Code
75 million +20
Business hours
Sun-Thurs 9am-2pm and 4.30pm-8pm
Language
Arabic, however English & Italian is now widely spoken in many areas
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What are the Starting prices of properties?
The average 2 bedroom apartments start at €35,000 -
What are the other cost's involved?
You will need to budget for 3% for others costs -
Are mortgages available?
You cannot raise a mortgage on any property bought off plan at the moment, but the Egyptian Government is considering changing the law to make his possible. It may be possible to raise a mortgage on ... -
Is there a rental market?
The majority of property owners in Sharm rent their properties out when they are not using them. This can be managed either by the Resort the property is purchased from, by a Real Estate agent or by ... -
Do I need a visa?
Tourist Visa: is usually valid for a period not exceeding three months and granted on either single or multiple entry basis. Entry Visa: is required for any foreigner arriving in Egypt for purposes ... -
Will I need a Lawyer?
We always highly recommend instructing lawyers with regards to property sales our local team will assist with this -
What's included on the inspection visit?
Please see inspection trips link -
How does the buying process work?
• Check the registration status of the property and review of title documentation • Check if there are any pledges or mortgages registered on the property. Under Egyptian law, mortgages ...
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