I have bought property in Sharm El Sheikh on a leasehold basis (because as an ex pat I can only have leasehold) with over 90 years on the lease. I have heard rumours that Morsi will change the leasehold arrangements to between 30 and 50 years. Has anyone else heard this? Is it a possibility or is it just rumour?
Changes to leasehold period
Gillanne
03 December 2012 09:03:38
2
mostafa zaghlol
03 December 2012 12:21:30
152
Not understand good what u want to say , but no one in egypt can take thing you own from you although morsy too
Muby
05 December 2012 01:33:25
51
congrats for the property 
, i didn't hear such thing, & i think they can't do it as you have contract.
Geely
05 December 2012 07:45:21
436
There is a facebook group for the ones who have bought property in Sinai: https://www.facebook.com/groups/2964529 … 1/members/
zazareturn
13 December 2012 17:44:54
1
There is a new law for properties owners in Sinai concerning foreigner and Dual nationalities, but its inactive yet!!!!
rosy diver
28 December 2013 19:52:41
23
I understand that this is not retrospective and only applies to new purchsases
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