Quote:
Originally Posted by awahee123
Hi Zeiad Yehia,
Some good information for buyers in sharm here,what happens to people that have already purchased in sharm as freehold are they allowed to keep their title or does it become 99 year leasehold
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Thanks.
For those who have purchased their property as "Freehold" and whereas he transaction took place before Prime Minister’s Decree no. 548 of 2005, they maintain the SAME POSITION as freeholders, and NOTHING can affect this position. The decree applies ONLY t those who purchased after it was issued.