Home » Egypt » The Purchasing Process
The Purchasing Process
The team at My Other House will guide you through the process of buying your property in Egypt. We work closely with carefully selected solicitors and foreign exchange specialists to ensure the whole process runs as smoothly as possible for you. We are always available to answer any questions you may have.
The standard procedure is as follows:
| Make an offer After you have chosen a property a verbal offer is made through us to the vendor. Once accepted, the process can continue |
||||||
 |
Reserve unit/s The reservation fee is payable immediately after you have chosen your property. The typical amount is approximately €3,000, depending on the developer and the development chosen |
|||||
| Choose a solicitor It is advisable that you appoint a solicitor who is fluent in your language to ensure you fully understand all the legalities involved. We can recommend an independent solicitor who is versed in Egyptian law |
|
|||||
|
Pay deposit Some developers ask for different amounts and interim payments however, 40% is the typical amount you can expect to pay at the start. This is payable approximately 30 days after payment of the reservation fee. The remaining balance may be asked for in instalments during the build until completion. |
|||||
 |
Completion The remaining balance is payable upon completion |
 |
||||
|
||||||
| You are now the owner of a property in Egypt | ||||||
For any further information, please feel free to contact us on
+44(0)28 9092 3325 at info@myotherhouse.net