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Egypt – Selling Property

Procedure for Selling a Property Yourself

-Listing your property for sale: Advertise your property through online classified websites, real estate agents, or property developers. Make sure to provide a detailed description of your property along with high-quality images.
-Negotiating with potential buyers: Once you receive interest from potential buyers, negotiate the price and terms of the sale.
-Drafting a sales agreement: Hire a lawyer to draft a legally binding sales agreement, which includes details of the sale price, payment terms, and ownership transfer.
-Signing the agreement and transferring ownership: Sign the sales agreement with the buyer, pay any taxes and fees, and transfer the ownership of the property to the buyer.

Capital Gains Tax

-Capital gains tax applies to the sale of a property in Egypt, with the rate ranging from 20% to 25% depending on the value of the property.
-Capital gains tax must be paid within 30 days of the sale of the property.

Ease of Selling a Property Yourself

-Selling a property yourself in Egypt can be challenging, especially for those who are unfamiliar with the real estate market and legal procedures.
-It may be more efficient to work with a real estate agent or property developer, who can assist with the sales process and ensure that all legal requirements are met.

Property Exchange in Egypt

-Property exchange is not a common practice in Egypt, with most sales being conducted through direct purchase or through real estate agents and property developers.

Relevant Contact Information

-Egyptian Federation for Construction and Building Contractors: +20 2 27366777, info@efcbc.org, http://efcbc.org
-Egyptian Real Estate Regulatory Authority: +20 2 2735 5577, info@erera.org, http://erera.org

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