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Tuesday, 19 January 2010

Purchase of Property in Egypt - British Embassy Advice



Purchase of Property

British nationals have purchased land and property in many parts of Egypt. Some have encountered problems. If you intend to purchase land or a property in Egypt we strongly advise you to engage a local lawyer in whom you have confidence. A list of English speaking lawyers is available on this website. You should deal only with established and reputable lawyers and estate agents or with other contacts whom they know to be reliable and genuine, and you should make all payments within bank premises and/or through banking channels and not in cash.

In parts of Egypt and increasingly, in the area of the West Bank in Luxor your land or property tenure rights can be severely curtailed by local legislation. It is important that your lawyer obtains an extract from the local land registry to satisfy you that the property or land in question is formally registered. You should again seek legal advice before entering into any contract. Don't sign anything that you do not understand. A list of translators is available on the British Embassy, Cairo website (see above). You should ensure that your personal details and the full purchase price of the property are reflected on the deeds.

The British Embassy is unable to interfere with court or legal proceedings. Neither can it lobby, intervene or provide updates to British nationals involved in land or property disputes.

End of Advice.

My comment:

And for those of you buying property with your Egyptian 'loved one' DO NOT PUT IT IN HIS NAME - it is not required and you will have NO claim on it if things go pear-shaped.

And that goes for bank accounts too.

You are legally allowed to hold property and bank accounts in your own name, even as a foreigner, and no, it's NOT HARD to do and it IS worth the 'fuss'.

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