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Originally Posted by johnelaine67
Hi, we have just put a deposit down on the coral pearl investments due for completion in Dec 08 and we have found this site very informative. I have went back to the company we are buying from regarding registering property in Hurghada as this is what I received back, hope this helps and thanks to everyone for all the information keep up the good work
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Hi
This looks great if it's true (no restriction on selling), however the letter is actually rather vague with regard to the Registration process, in that there is no link between registration and the 5 year rule. We already know that if you do not register you can do what you like since you are effectively "unknown" to the "system". If you look at the way that the letter is drafted it carefully avoids stating that you can sell before 5 years if the property is registered.
I'll try to contact this lawyer and ask more specific questions.
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