 FAQ (Frequently Asked Questions) |
1. Can foreigners own property in Egypt?
Yes, foreigners can own property in Egypt. In Sinai this is restricted to leaseholds of 99 years |
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2. Do I need to live in Egypt to own property?
No, you do not need to live in Egypt but you must obtain a one year residency visa which is renewable. |
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3. Why invest in Sharm?
The climate, fresh air and the beautiful land and seascapes make Sharm a highly desirable place to live. If you simply want to invest money in Sharm, you can do so in the knowledge that your investment is likely to produce much greater returns than any regular savings plans or bank accounts. |
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4. How long will it take from when I put down my deposit to when I receive my property?
This depends upon whether you are buying ‘off-plan’ or a property which is already completed and available. The legal processes take from 6-9 months, but can take up to a year in a few cases. |
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5. Can I secure a mortgage for my property?
It is possible to secure mortgages or finance to purchase property. |
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6. Will I be able to let (rent out) my property?
As the resort develops and more people make Sharm their home, the need for property increases. Most home owners manage to find tenants for their properties. |
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7. What is there to do in Sharm El Sheikh / Sinai?
There is plenty to do in and around Sharm: diving, sightseeing, nightlife. |
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8. Are there schools in Sharm El Sheikh?
There are a number of private schools in Sharm, offering international curricula. |
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9. Are there medical facilities or hospitals in Sharm?
Sharm has its own International Hospital, often referred to as the ‘Pyramid Hospital’ in light of its design. There is also Sharm Medical Centre and a Hyperbaric Medical Centre, which handles dive-related emergencies.
There are also many, small independent clinics.
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10. Are there dentists in Sharm?
Yes, there are several dental practices. |
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11. Is Sharm safe?
There is little crime in Sharm. However, as with anywhere in the world, it is always good to exercise caution. Driving in Sharm is straight-forward but accidents can and do happen. For further information, please contact the embassy or consulate of your origin country. |
