Cost of Registration
We seem to have differing views here from Zeiad and from Alison & Andy who are agents in Hurghada. Does the system differ between registration of freehold properties in Sharm & Hurghada?
In Sahl Hasheesh the land was purchased by the Egyptian Resort Company and a town planning consultant from the UK was brought in to draw up the Master Plan. Every plot was then sold and plans were then submitted to the ERC and then to the local council for approval. There is then a system of checking to ensure building is in line with the consent given. The final receipt for the property is then registered with the local authority and Notarised at a cost of around 250k sterling (2500 Egyptian).
This seems to be a good workaround in the absence of a formal registration authority; what do others think of this?
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