Purchase, Ongoing & Resale Costs
top-costs-to-buy-property-in-egypt
 
The costs of acquisition at Ancient Sands Resort are outlined below.
We recommend that you consult your lawyer, accountant or other professional for tax advice.

Purchase Costs
Purchase costs for real estate in Egypt are low and in some cases may not apply.
  • Stamp Duty: EGP 1 per page of contract (approx US$ 20)
  • Property Registration Fee: Up to EGP 2,000 (approx US$ 400) (if you register your property*)
  • Legal Fees: (If applicable)
  • Circa: US$1,000


Ongoing Costs

Ongoing costs for property at Ancient Sands Resort include service and maintenance charges, property tax and if you are renting your property includes income tax.

  • Income Tax: (NB Only 50% of the gross rental income is taxed.)
  • Up to EGP 5000:  0% 
  • EGP 5000 – 20000 10%
  • EGP 20000 – 40000 15%
  • EGP 40000+ 20%
  • Annual Property Tax: (if applicable)    Est from EGP 2,500 per annum dependent upon unit size.

Equates to notional rental value of the property i.e. one month worth of rental income from the property as assessed by the Hurghada Administration.

  • Service & Maintenance Charges:    Estimated EGP 90 per square meter per annum
Services include, but are not limited to, public landscaping maintenance, garbage collection, water supply, sewage and electricity maintenance and security. NB this charge does not apply to participants in the rental management programme.


Resale Costs
Resale costs for the disposal of property in Egypt are relatively low.

  • Wealth Tax:    2.5% of sale proceeds    Please note, companies are exempt from this tax.
  • Agents Fees: (if applicable) 2.5% to 6% (This rate depends upon whether a local or international realtor is selected)
  • Inspection Report: (if applicable) EGP 5,000 (approx US$ 900)   
 
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