Changes to leasehold period

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Member since 03 December 2012

GillanneMember03 December 2012 07:03:38

I have bought property in Sharm El Sheikh on a leasehold basis (because as an ex pat I can only have leasehold) with over 90 years on the lease. I have heard rumours that Morsi will change the leasehold arrangements to between 30 and 50 years. Has anyone else heard this? Is it a possibility or is it just rumour?

mostafa zaghlol Contributor

Member since 29 August 2012

mostafa zaghlolContributor03 December 2012 10:21:30

152

Not understand good what u want to say , but no one in egypt can take thing you own from you although morsy too

Muby Active member

Member since 20 November 2010

MubyActive member04 December 2012 23:33:25

congrats for the property , i didn't hear such thing, & i think they can't do it as you have contract.

Geely Serial expat

Member since 10 May 2010

GeelySerial expat05 December 2012 05:45:21

436

There is a facebook group for the ones who have bought property in Sinai: https://www.facebook.com/groups/2964529 … 1/members/

zazareturn Member

Member since 20 August 2012

zazareturnMember13 December 2012 15:44:54

There is a new law for properties owners in Sinai concerning foreigner and Dual nationalities, but its inactive yet!!!!

rosy diver Member

Member since 30 November 2013

rosy diverMember28 December 2013 17:52:41

I understand that this is not retrospective and only applies to new purchsases

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