e-mail me if u have any questions..
sharmer@ehotelier.com
quote:
Originally posted by mariajane:
hi has anyone bought an apartment in Sharm
any info and advised would be great
we are going in the next few weeks to look at some off plan developments anything we should look out for
any advise on the legal side any pitfalls to look for?
thanks maria
quote:
Originally posted by Mr Small:
Hi there.The wife and I are off there on thursday(21st) to hopefully buy a place,we are only going for a week.If we are back before you go we will let you know how we got on.Stu.
hi hope you have a good time have you made any contacts there who will show you round and what developments are you looking at
we are travelling out on the 28.4 so will miss your reply maria
quote:
Originally posted by andy cullers:
Hi
my self and a friend went to Sharm four weeks ago and ended up in Sharm El Sheikh Real Estate dealing with a man called Tarek El Saadi.
We think that we are in the process of buying a place in Nabaq but the contract is a bit iffy
has anyone heard of Sharm Real Estate or Tarek or is anyone buying at the Hilton Oyoun,Nabaq?
quote:
Originally posted by mariajane:
hi has anyone bought an apartment in Sharm
any info and advised would be great
we are going in the next few weeks to look at some off plan developments anything we should look out for
any advise on the legal side any pitfalls to look for?
thanks maria
hi are you still interested in a flat in Sharm contact me at logina@link.net
quote:
Originally posted by mariajane:
hi has anyone bought an apartment in Sharm
any info and advised would be great
we are going in the next few weeks to look at some off plan developments anything we should look out for
any advise on the legal side any pitfalls to look for?
thanks maria
hi are you still interested in a flat in Sharm contact me at logina-resort@link.net
quote:
Originally posted by ali2005:
hi are you still interested in a flat in Sharm contact me at logina@link.net
Hi, I am in the process of buying in Sharm.
There are some problems here and there.
you can email me on andycullers@yahoo.co.uk
[This message has been edited by sheri77 (edited 02 July 2005).]
i wonder why u specially choosed offplan , is that out of ur low budget or u r interested to take something in Hilton or maybe Nabq.did tarek left u the way to chosse, or u were forcedly asked to take it.
let me know i might help.as im a real estate agent.
can i ask you hoe much commission did he ask u for a buyer?
sharmer@ehotelier.com
I think you have confusing info , Mr tarek is working in Sharm El Sheikh Real Estate, but Sharm Real Estate belongs to Coldwell Banker.El Hayat sharm is a nice project , it's beed all sold out for English people from England. so u dont need to worry about.and Coldwell Banker are taking this project exclusively..
regards,
isherine@hotmail.com
Aaria
Also try the British run agency: http://pioneerproperty.org/
[This message has been edited by Penny (edited 27 August 2005).]
quote:
Originally posted by Mr Small:
Hi aaria,If you go to www.hkirkerexclusives.com it may be there still if it has not been sold.We are out there next week so I will ask her what she has got on her books.stu.It is in Ard el mizad area of Hadaba.
quote:
Originally posted by Penny:
This is the link for Sinai Times, they carry adverts for most of the Agents in Sharm
http://www.sinaitimes.com/Also try the British run agency: http://pioneerproperty.org/
[This message has been edited by Penny (edited 27 August 2005).]
[This message has been edited by Mr Small (edited 11 September 2005).]
quote:
Originally posted by orthosmile:
Please help,Bergamo
I'm an italian dentist graduate in italy with a post graduate specialization in orthodontic.
I want to move in Egypt (Sharm el sheik) and I'm wondering if with my degree is possible to work over there.
Do I have to ask ministry of egyptian health for a convertion of my degree?
What is required to open a private dental clinic?
I've tried so many time to get these information from Embassy or consulate but I had no answer or no help as well ,because nobody is able to give me this kind of information.
CAn you mediate all burocratic paper for me?
We( me and my husband) want to bring our cars in Sharm and our dental equipment.
What about visa?
And Taxes?
If I work in Italy do I have to pay italian or egyptian taxes?
How much would us cost this brokerhood?
If you can't help us could you give me the right contact to get this kind of information?
Nobody is able to give me this kind of information!No Embassy no consulate, is that possible?
Waiting for a reply.
Thank
Beast regards
Dr. Loredana Bottalico
Contact Me
+2012 222 34 36
csdsafari@yahoo.com
Emg. Tamer
quote:
Originally posted by orthosmile:
Please help,Bergamo
I'm an italian dentist graduate in italy with a post graduate specialization in orthodontic.
I want to move in Egypt (Sharm el sheik) and I'm wondering if with my degree is possible to work over there.
Do I have to ask ministry of egyptian health for a convertion of my degree?
What is required to open a private dental clinic?
I've tried so many time to get these information from Embassy or consulate but I had no answer or no help as well ,because nobody is able to give me this kind of information.
CAn you mediate all burocratic paper for me?
We( me and my husband) want to bring our cars in Sharm and our dental equipment.
What about visa?
And Taxes?
If I work in Italy do I have to pay italian or egyptian taxes?
How much would us cost this brokerhood?
If you can't help us could you give me the right contact to get this kind of information?
Nobody is able to give me this kind of information!No Embassy no consulate, is that possible?
Waiting for a reply.
Thank
Beast regards
Dr. Loredana Bottalico
Conatct me
csdsafari@yahoo.com
+2012 222 34 36
We recently purchased a property in Sharm and was helped by Samia at Red Sea Property Services. She fluent in English and helped us through all the hurdles and was on our side when it came to negotiating the price. If anybody wants her contact details please let me know.
Regards
Malcolm
quote:
Originally posted by steviewoods:
Hi Everyone who has been brave enough to buy in Sharm. I'm off there to look at property on Thursday 1st Sept.
If anyone's got any advice to offer, now would be a great time, PLEASE!!!!
Steve Woods
hi are you still looking for an apartment in Sharm El Sheikh
There is a 2 bedroom ,large L shaped reception/living room kitchennette bathroom with tub at logaina sharm resort. Ready to move in
check the site at www.logaina.com
with all the benefits of the resort (swimming pools,security resturant etc.
If interested contact logina-resort@link.net or make a visit
quote:You need to have a lawyer right at the start of the buying process in exactly the same way you would in your home country. Why would you do anything any different in a foreign country. You should always have your contract in English along with anything else you are signing for. I understand the run around an agent might give you but the buying process is no different in Egypt to any other country. You are allowed to take the normal steps to protect yourself. The only difference is you need an awful lot more patience. With regard to Water and AC it is not unusual for appartments to be sold as just a shell where you complete everything yourself. You have to check the detail of exactly what you are buying just like you would any other contract. If it's not stated in the contract then assume you are not getting it. If your lawyer is any good then your trip to El Tour should take no more than one hour to complete everything.
Originally posted by martin60:
Just bought a flat in sharm and had a nightmare. Sorry having a nightmare as still not sorted. Using an estate agency called Caldwell Banker (i,m sure its rhyming slang!!) Made several mistakes so if you want some advice give me an e-mail. Beware of:- wrong information / mixed messages and get everything in writin gin english. i know it's a pain but worth it in the end. Also, make sure you have a lawyer as you have to go through several hurdles such as power of autorney and getting a years visa (worst trip of my life).
Make sure the appartment is complete i.e. i bought one with no air conditioning or hot water!!
If you need info, drop me an e-mail.
Martin
quote:Depends so much on location and facilities
Originally posted by ahmadsoufy:
just how much one flat 3 rooms in sharm alshique close 2 the center
quote:That is correct but would just warn the quality of appliances and furniture in these packs are very poor. I have heard of water heaters packing up within a year. It is much better to organise this yourself and go to Cairo and buy good quality furniture. Water heaters and airconditioning are avaiable in Sharm
Originally posted by Gulfy:
"
i am also looking into buying a property in sharm. from what i understand, if you buy offplan, usually the advertised price does not include appliances, water heaters, and air conditioners. You will have to buy the "furniture package" to get these items.
quote:You can buy for less and get much better quality especially if you have your furniture hand made.
Originally posted by Gulfy:
Thanks Penny.
in general, would you end up paying more, less, or about the same if you do your own shopping as opposed to buying the "furniture package"!!!
quote:
Originally posted by wapyaly:
thanks guys for all this information. We are taking our time, doing lots of research and currently have a friend in Sharm sourcing a lawyer for us. We are determined to buy, but are NOT going to hand over any money or sign anything without a lawyer present. I was interested in some info about the Hilton Sharm Dreams project, any weblinks or info on this?
quote:There is now a new annual property tax payable to the government. It is approx LE 6 per sq Metre
Originally posted by Farstar:
Hello everyone.. has anyone asked about property tax in Sharm? is it applied there? has anyone paid it already? and how much is it and how is it calculated??
Thanks a lot
quote:
Originally posted by Gulfy:
I think Hunter & Hunter is marketing this project in the UK, but they get their information from Sharm Real Estate.
quote:Montazah prices via a certain well know Uk sharm agent are LE6,000 per sq metre off plan.
Originally posted by mac0623:
hi des just sent you the photos of the montaza project.have not forgot tele phone num of car rental wil send soon
quote:Hey mac,how come the seller gets all the perks?
Originally posted by mac0623:
they suck of the people who sell and lie to the buyer.
quote:Mac you really are showing your stupidity now. A Uk company does not die when I die, I pass the Uk shares to my next of kin not the property. So why don't you start giving people some good advice and tell them to do what the Egyptians do...contact the developers direct...they do not use agents, and get your own lawyer not the property agents.
Originally posted by mac0623:
as for the agents you speak aboutthis is what i tell everyone the price is loaded in the sqr mtr and against the gross and the net,keep to your 9-5 job and i will keep to mine as i seem to know what iam talking about after all you have register your property with a uk and avised this.tell me at what point will the goverment of egypt let you pass the property down to next of kin your knowledge is some what limited to this field, as mine would be in your field of work for some reson more often than not you attack me again-strange-by the way iam not a agent,i hate them they suck of the people who sell and lie to the buyer.smilar to some jobs i know
quote:Yes dear, I've bought a villa in "Hadaba" district, and so far it's a good investment. There are many legal pitfalls anyways, it's a good investment, even a perfect one, if you're aware enough. I did all the stuff through my lawyer, and every thing went smoothly.
Originally posted by mariajane:
hi has anyone bought an apartment in Sharm
any info and advised would be great
we are going in the next few weeks to look at some off plan developments anything we should look out for
any advise on the legal side any pitfalls to look for?
thanks maria
quote:It does not suit anyone on the forum but that is the law. No foreigner can own land on a freehold basis in Sinai and if anyone tells you differently go and check with an INDEPENDANT lawyer.
Originally posted by delamer:
barrypear,
Well the project that I am buying on is not in a hotel complex and is bought on a freehold basis. Already worth the extra money in my mind.
That said, a 99 year leashold might suit you and everybody else on the forum....
quote:
Originally posted by ian475:
delamer,i can vouch for mac being a generous guy with his knowledge,time and contacts.i wouldnt have purchased if it wasnt for him(i didnt buy his property but he helped me enormously)i for one am gratefull that he took the time and trouble to offer his advise which he neednt have.
quote:Who was that smartass who told you not to register? Registration is prohibited in Sharm, but my lawyer authenticated my contracts using a court verdict. He said that it was not the highest protection, but after all, the highest AVAILABLE protection for foreigners in Sharm. Don't listen to these agents because I've had enough with them. They don't care, they just wanna sell and then it's not their issue whether you'd get legally involved or whatever. I've had troubled stories with agents and lawyers in Sharm. Want some advice? Look for Zeiad Yehia if you want a one good lawyer, I don't remember his number or email, but just ask about him, he's a high profile lawyer, and very competent in both English and law.
Originally posted by Mal:
Mac (or anyone else who knows),
I'm wondering if after purchasing my property if I should get it registered. The agent and other people have told me it is not necessary and that it takes too long. Is your property registered and do you know what the pros and cons are for registering a property?
quote:I didn't pay 3% of course, because this registration is prohibited in Sharm even for Egyptians, and as my lawyer mentioned, there's another type of law claims called "Contract Validity" which proves OWNERSHIP almost like registration or slightly less, but unfortunately you should be the first puchaser, and the seller MUST be a governmental organization. The available claim, however, is "Signature Validity", which doesn't touch on the ownership right, but only on the signature, and therefore forms a very weak form of legal protection, but though the only available form of legal protection in Sharm. I hope this was a sufficient answer for your question, and by the way my lawyer was Zeiad Yehia, the most competent lawyer in Sharm. 5500 L.E is a very normal price for articulating the contract and managing the court procedures. I would, however, pay even more for Zeiad's contracts, which are similar to the ones in my country, except for adding the Arabic parts, while the other contracts I saw via other people were "offending" if you know what I mean.
Originally posted by mac0623:
this person has just left for sharm so she will take it up with her agents,iam sure she will read this while thier,like i said to her it will bring an element of peace of mind,i think the smartass you refere to was her agent and she was charged 5500le for lawyer so if her contract was not to go through south sinia courts what was this charge for,
QUESTION CHRISSY,WHEN YOUR CONTRACT WENT THROUGH THE COURTS DID YOU PAY 3% ON VALUE OF PROPERTY,AND WHOM WAS YOUR AGENT
quote:I'm so sorry to reinform you that registration is not allowed in Sharm even for locals. There's something different for land plots called "Dedication Resolution" which could be issued for locals on land plots, but which is still different from registration. People wish to avoid the 3% governmental deduction I agree, but this is out of Sharm, while in Sharm - according to my lawyer - REGISTRATION IS NOT ALLOWED except in few certain cases as I told you before, and this would be when an EGYPTIAN investor purchases a massive land plot to build a project on it, and even then he wouldn't be allowed to register unless the project is completely built. Please check your info, especially when you intend to give advices.
Originally posted by mac0623:
i think you confussed me as well there are three ways to deal with property in sharm your layer chrissy is not correct in saying that no register in sharm the only reason people dont is to avoid the tax bill as my next door has done this but was land with tax bill but one day they will enforce this as law.
also just off phone with the person who register the property was not wise move by him,no body likes paying tax.
quote:Me too .. Sharm ...not laying carpets .. got to pack up my flat ready for renting would be good to put some faces to names
Originally posted by Des:
Hi Mac,
Not going down to Sharm till new year - probably
late January.
Laying new carpets etc at the moment - fun??
quote:Haven't got a date yet, still got too much work but will let you know when I sort myself out.
Originally posted by mac0623:
just emptyed my in box
,hi penny i see you will be in sharm in january do you know what date yet ,iam just trying to sort a date out now but will be there a few times in january.
will you be stopping in your apartment or hotel
quote:I'm sorry but this is not correct information. You just paid a lot of bribes to have your contract validated, but not registered. When your property is registered it is put in about 8 different deed books and stamped and must be signed by you personally, no power of attorney is allowed. We went thru this procedure twice.
Originally posted by mac0623:
your agent is right in one respect but whay price do you put on peace of mind.time frame 3 mths ,cost about 4000-5000le,you will buy by the contact mal and recieve the deed but for the cost of a few hundred pounds the process you dont have to be in the country just sign the power to your lawyer and when your back in the country your contract would have gone through the courts and each paper signed by the sitting judges and you will recieve the blue paper now this will be in arbic but it will say your the owner and approved the contract,so god forbid in time too come if anyone comes back to you or the previous owner says he has the right to buid on top of what you have brought or move his grandmother in with you,and the end of the day you could just buy with the contract but a lot of brits want the piece of mind,in the middle east mal everthing is done within the contract so its up to you and how you feel about it
quote:That's correct, your contract was validated by a judge which is what I said above, but the property was not registered. We were informed by my husband's company's attorney (which was provided for us) not a Sinai attorney.
Originally posted by Penny:
Can I ask where this Mashrua was and where is this register of properties held. Most people, lawyers included say there is no register for properties in Sinai and hence why you go through the court process to validate the contact. The lawyer is given a power of atourney to be able to make your case in the court at El Tour for you so hence a judge does validate the contract.
Out of interest did you get your advice from a Sinai based lawyer or from elsewhere becasue I am starting to have serious doubts about any Sinai based lawyers.
quote:I don't have the patience to stroke your delicate ego, so for all intents and purposes, let's say the above response to you was more for the benefit of others reading this, than yours. And hopefully it will allow them to make informed intelligent decisions without a lot of smiley faces to make a point.
Originally posted by mac0623:
Back to Mac, have a translator tell you if a registration number was added to your contract, this confirms true registration, and you can go to the Mashrua with this number to verify if your contract is recorded with the Deed of Records, if not, then someone screwed you over. Judges can only validate the contract, but only the Mashrua can register the property.
ALL MY CONTRACTS ARE IN ARBIC AND SINGED I DONT NEED ANYONE TO TRANSLATE,DO YOU THINK I GO BUYING PROPERTY WITH MY EYES CLOSED, AND STARTING BUSINESS UP WITH OUT ANY THOUGHT WHATS SO EVER, AND NOT GOING DOWN THE ROAD OF ENDLESS POSTS, BEEN IN THE MIDDLE EAST A LONG TIME ,AND YOU THING IVE BEEN SCREWED OVER, YOUR APPROACH TO THIS MATTER SEEMS STRANGE AS FOR COMING ON SAYING CRISSY IS RIGHT IAM WRONG ,AND NOW YOUR BULLING UP SOMEONE WHO COMES ON PROMOTING SOME ONES SERVICES GIVING OUT NUMBERS,
I CAN ONLY SAY WHAT I KNOW SO WHEATER YOU AGREE OR NOT ,IS NOT THE END OF THE WORLD SO I WILL NOT BE DIVERTED IN TO A SLAGING MATCH WITH YOU, AND AS FOR CRISSY WHO YOU PROMOTE SHE IS ON THE OTHER SITES BUT UNDER DIFFERENT NAME SAYING THE SAME THING AS YOU ,NOW THATS STRANGE
quote:Thanks for clarifying that. It would have been helpful if you could have made it clear that you were refering to the law on the mainland. I think most of the posters on this thread have bought in Sinai and we do understand that there are different laws there. I would certainly register property purchased anywhere else in Egypt but it is just not possible in Sinai. Hopefully this is something the government will address one day but there are many political reasons why it will probably never happen.
Originally posted by Desperate Housewife:
quote:That's correct, your contract was validated by a judge which is what I said above, but the property was not registered. We were informed by my husband's company's attorney (which was provided for us) not a Sinai attorney.
Originally posted by Penny:
Can I ask where this Mashrua was and where is this register of properties held. Most people, lawyers included say there is no register for properties in Sinai and hence why you go through the court process to validate the contact. The lawyer is given a power of atourney to be able to make your case in the court at El Tour for you so hence a judge does validate the contract.
Out of interest did you get your advice from a Sinai based lawyer or from elsewhere becasue I am starting to have serious doubts about any Sinai based lawyers.
This is why we didn't buy in Sharm, and chose El Gouna, it's registered in Hurghada City Council has a Mashrua (Register of Deeds). We were told that there is no registration of Sharm properties because you can only register FREEHOLD and not LEASEHOLD This is way a survey is required with the registration, it will tell you where your land parameters are. I have in my notes here 3 laws that deal with foreign ownership of real estate, they are Law 230/1996,Law 143/1981. and Law 15/1963, and these are the only laws the Egyptian government that deal specifically with foreign ownership, they do not apply to leasholds.
You can ask any competent attorney (outside of Sinai) and they will inform you that as of yet the parliament has not ruled on how long the leasehold will be, Therefore no foreign owned properties in Sinai can be registered, which is why I said Chrissy is correct.
Your validated contract means you still own your property, you just don't own the land under it. And it will stand up in any Egyptian court, you even have the rights to transfer it, etc.
quote:There are NO good lawyers in Sharm. FACT
Originally posted by caj:
hi can someone give me name etc of good lawyer in sharm please
quote:Actually CAT the normal way to do business in Egypt is with the developer direct, so if you want to save yourself some money deal direct, it's not difficult and I think from your other posts you have an arabic speaker on hand, so get him working for you.
Originally posted by CatTheCat:
Thanks Penny...the message we have had is that if you don't live in Egypt it is difficult to do it any other way and to that end they have given us a 'money transfer agreement'. It states that the agent is responsible for transferring the money to the developer - I am assuming they want the money to go through them so that the commission they are taking is deducted before sending it on...
Definitely need to do some negotiating - again the message from the agents has been that we have to take it or leave it! This all goes against everything I know as a lawyer myself!
Hope it'll all be worth it in the end!
quote:When the bomb went off in Sharm, Delta Sharm was the one place people wanted to stay and many left their hotels to continue their holiday there...why? ...enclosed = security.
Originally posted by pixiedon:
At the moment it looks very shabby to one side of the resort and it all seems quite enclosed, compared to the resort we have bought on. I think it depends on what you want from a resort as well. The apartments were were offered at Delta Sharm didn't have the same finish as the ones at SSQ which are all nicely tiled etc in very tasteful colours.
quote:Do you mean Ritz Carlton at Ras um Sidd ( near the lighthouse)? If yes do you know those buildings have sat like that for the last 5 years!
Originally posted by stafford:
hi all any news on ritx carlton, my gir5lfriend thinks this maybe a good place cause the project is on the hotel which is one of the top names, any info appreciated and Lynnedy - the negativity regarding Nabaq can you tell us more on what you know about this in Nabq but not sure we will end up buying there. ta.
quote:Those lawyers fees are outrageous (£750 )
Originally posted by auntie:
ok heard from agent today....guess what now that first phase nearing completion there is a price rise!! 1 bed 60m2 now £26800 with 50% deposit and 50% on handover there is a 5% discount for cash payment making it about £25500 ish! Add to that £268 yearly maintenance,about £180 for meters and approx £750 for visa,power of attorney lawyers fee to complete and finalize contract and registration, assistance in opening bank account and all transportations to sort things out `and this will be 3% of the contract value roughly £750` Does this sound about right?
quote:Put it this way, hardly anyone else in Egypt pays it and even if they do they register the price paid as much less to reduce the tax by having 2 separate contracts. But as far as I am concerned NO resigister then NO tax. This is just another way to get money out of foreign investors.
Originally posted by CatTheCat:
I agree with Penny about the fees - that's way too much. Get an independant lawyer who isn't linked to the agent.
This 3% business...I'm sure I've read on here before that because, as a foreigner, you can only buy leasehold in Sharm there is no requirement to register your property and as such no need to pay the 3%?
I'm seeing Mac in Sharm at the weekend and I'll double check this with him. Anyone else know the position?
quote:only two people logged on the other site,me and a n other,perhaps if you could narrow your allegation down it may clear up any missunderstandings.
Originally posted by mac0623:
i see your logged on on the other site too,
quote:hmm... i do it all the time, even all my life . Am not very rich in material measures, consequently, but I am very happy . Try, it's fun!
i have never met western or egyptian who consitantly put clients in contact with a company they themselves used - who got nothing...........
[/QB]
quote:Ah come on Mac, be honest
Originally posted by mac0623:
as we british are not that stupid.
quote:I have an apartment in New Cairo in a place called Golf City. It's about 20 mins outside Heliopolis and it's on the Cairo - Ishmailia Desert Road. It's a lovely location, gated community, overlooks a golf course (hence the name ) very green, very quiet and spacious. There is a bunch of shops and restaurants including Carrefour right near it and also a shopping mall all of which just opened in the last year or so.
Originally posted by Carrick2:
Can anyone suggest me another place in Egypt apart from sharm to buy a flat..