NAR: Library: Power Tools: Power Tools for International Real Estate Practitioners: Desert Oasis for Sale

The Egyptian resort town of Sharm el Sheikh has seen tremendous growth in recent years and has transformed itself into a tourist destination. "The Egyptian government...is so keen to encourage the sale of property to foreigners that in 2005 it changed the laws to make it easier, rescinding restrictions, for the Sinai, RedSea and Mediterranean coasts, that limited ownership to two properties and banned resale within five years of buying." Times Online author Karen Robinson offers some helpful advice to those interested in purchasing property in Egypt, such as making sure contracts are drafted in both Arabic and English and what you can expect to pay in lawyer fees and building taxes.

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Power Tools for International Real Estate Practitioners, from NAR's Information Central, provides information on research studies, websites, books, news, tips, and other resources for real estate professionals specializing in foreign investment and real estate in other countries.

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Desert Oasis for Sale

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