Cost of purchase
Registration Fees:
To complete the transfer of property ownership, the sale must be registered with the local real estate department. Registration Fee has been revised and is based on the size of the property. The maximum registration fee is 2,000 (US$72).
Legal Fees:
Because of the highly complex property registration process, Global Property Guide advises buyers to hire their own Arabic-speaking lawyers. Legal documents written in Arabic are the only ones recognized in courts. Legal fees are around 3% of property value.
Real Estate Agent´s Fees:
Real estate agent fee is around 2.5%
Transfer Tax:
Sale or transfer of immovable property is subject to transfer tax, 2.5%.
Capital Gains Tax:
Since the Capital Gains Tax is charged on gross gains, it is classified as a transaction cost. Capital Gains Tax is imposed on the sale of land and buildings within the boundaries of an Egyptian city at the rate of 2.5% of gross gains of the seller.
To complete the transfer of property ownership, the sale must be registered with the local real estate department. Registration Fee has been revised and is based on the size of the property. The maximum registration fee is 2,000 (US$72).
Legal Fees:
Because of the highly complex property registration process, Global Property Guide advises buyers to hire their own Arabic-speaking lawyers. Legal documents written in Arabic are the only ones recognized in courts. Legal fees are around 3% of property value.
Real Estate Agent´s Fees:
Real estate agent fee is around 2.5%
Transfer Tax:
Sale or transfer of immovable property is subject to transfer tax, 2.5%.
Capital Gains Tax:
Since the Capital Gains Tax is charged on gross gains, it is classified as a transaction cost. Capital Gains Tax is imposed on the sale of land and buildings within the boundaries of an Egyptian city at the rate of 2.5% of gross gains of the seller.
