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	<title>International Property Buying Process &#187; Egypt</title>
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	<description>Real Estate Registration Process in Over 200 Countries</description>
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		<title>Process of Registering and Buying Property in Egypt</title>
		<link>http://www.buying-process.com/buying-property-in-egypt/process-of-registering-and-buying-property-in-egypt/</link>
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		<pubDate>Sat, 15 Nov 2008 05:03:59 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Egypt]]></category>
		<category><![CDATA[buyers' guide Egypt]]></category>
		<category><![CDATA[buying real estate in Egypt]]></category>
		<category><![CDATA[Egypt property law]]></category>
		<category><![CDATA[Egypt real estate law]]></category>
		<category><![CDATA[registering property in Egypt]]></category>

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		<description><![CDATA[Step 1: Request for registration presented by the buyer
Completion Time Frame: 5 days
Completion Costs: no cost
Points to Note:
After an initial written agreement between the parties has concluded and the buyer pays the established price to the seller, the purchaser presents to the real estate registry a request for registration (1 day).
This request is then internally [...]]]></description>
			<content:encoded><![CDATA[<h3>Step 1: Request for registration presented by the buyer</h3>
<p><strong>Completion Time Frame:</strong> 5 days<br />
<strong>Completion Costs:</strong> no cost<br />
<strong>Points to Note:</strong><br />
After an initial written agreement between the parties has concluded and the buyer pays the established price to the seller, the purchaser presents to the real estate registry a request for registration (1 day).<br />
This request is then internally transferred in the real estate registry to the to the Egyptian Surveying Authority (ESA) offices of the ministry of water resources &amp; irrigation.</p>
<hr />
<h3>Step 2: Site inspection by the measurement department</h3>
<p><strong>Completion Time Frame:</strong> 15 days<br />
<strong>Completion Costs:</strong> no cost<br />
<strong>Points to Note:</strong><br />
After payment for the inspection, the Egyptian Surveying Authority (ESA) office of the ministry of water resources &amp; irrigation inspects the site, takes the necessary measurements and specifications and prepares a report. Setting a date for inspection and delivery of required items takes 7 days. Visiting the field &amp; developing the surveying report takes 7 days. Returning the results &amp; submitting the documents to the Real Estate Registry takes 1 day.</p>
<hr />
<h3>Step 3: Payment and issuance of the inspection’s report (maqbul)</h3>
<p><strong>Completion Time Frame:</strong> 21 days<br />
<strong>Completion Costs:</strong> no cost<br />
<strong>Points to Note:</strong><br />
Then, the report will be approved or refused by the measurement department. The approval is called kashf tahdeed.<br />
The approved request is then transferred back to the Real Estate Registry. The Registry will examine the report and issue a final approval called maqbul. The Real Estate Registry offices receives the surveying &amp; delimitation report (KASHF TAHDEED) from the relevant ESA offices &amp; develops the acceptance report (MAQBUL) within 21 days</p>
<hr />
<h3>Step 4: Final contract is drafted and approved in the Lawyers Syndicate</h3>
<p><strong>Completion Time Frame:</strong> 26 days<br />
<strong>Completion Costs:</strong> 0.5% property value<br />
<strong>Points to Note:</strong><br />
A (final) sale agreement is drafted by the parties on a special form at the Lawyers&#8217; Syndicate. A lawyer must ratify the form.<br />
The Lawyers&#8217; Syndicate reviews the final contract and will approve the contract (mashrua). The contract takes 1 day to be drafted, 1 day to be submitted to the Real Estate Registry office, 4 days to complete the work cycle at Real Estate Registry office &amp; submit the contract to the lawyer syndicate, and finally 20 days to authenticate process at the lawyer syndicate.</p>
<hr />
<h3>Step 5: The buyer obtains the contract from the real estate registry</h3>
<p><strong>Completion Time Frame:</strong> 2 days<br />
<strong>Completion Costs:</strong> EGP 2000 (registration fee)<br />
<strong>Points to Note:</strong><br />
The buyer obtains the contract from the real estate registry against payment of fees amounting to 2000 EGP. This registration fee was changed from 3% and capped at EGP 2000 during 2006. Estimating fees at the Registry office takes 1 day and payment of the fees takes 1 day</p>
<hr />
<h3>Step 6: Seller and buyer sign the contract before the real estate registrar</h3>
<p><strong>Completion Time Frame:</strong> 2 days<br />
<strong>Completion Costs:</strong> no cost<br />
<strong>Points to Note:</strong><br />
Seller and purchaser must sign the contract before the real estate registrar.<br />
The real estate registry reviews the contract again, making sure that payments have been made and that details are correct and will add a registration number to the contract. Visiting the notary office takes 1 day at the Registry office. Visiting the main REPD office for publicity purposes takes 1 day.</p>
<hr />
<h3>Step 7: The buyer picks-up the new contract/title at the Registry</h3>
<p><strong>Completion Time Frame:</strong> 1 day<br />
<strong>Completion Costs:</strong> no cost<br />
<strong>Points to Note:</strong><br />
After the registry adds the new registration number to the contract, it is ready to be picked-up by the buyer.</p>
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