{"id":2143,"date":"2007-05-09T14:17:11","date_gmt":"2007-05-09T14:17:11","guid":{"rendered":"http:\/\/amrani.cc\/wp\/?p=2143"},"modified":"2007-05-09T14:17:11","modified_gmt":"2007-05-09T14:17:11","slug":"2007-5-9-selling-sharm-html","status":"publish","type":"post","link":"http:\/\/amrani.cc\/wp\/?p=2143","title":{"rendered":"Selling Sharm?"},"content":{"rendered":"
With Issandr having said ‘Buy land in Sinai now!’ in the discussion of the Saudi plan to build a bridge to Sinai<\/a>, I think this interesting article on British property buyers<\/a> which appeared in Business Monthly in a way supports what he added: ‘if you have a well-placed uncle in the army or mukhabarat’.<\/p>\n

Property worth up to $250millions has been snatched up by foreigners over the past three years, the article estimates, but nobody is really sure on which legal basis that has happened.<\/p>\n

The vague wording of the decree, combined with the fact that parliament has still not got around to approving it, has left the parties concerned in a considerable state of confusion. No one is really sure whether non-Egyptians can still buy property on a freehold basis. Certainly, resorts such as Delta Sharm in the Hadaba area of the city continue to sell and resell on this basis. \u00e2\u20ac\u0153Technically, a decree does not cancel a [previously existing] law, it merely gives another option,\u00e2\u20ac\ufffd says El Bahrawy. Other observers add that a further unwelcome consequence of the legal confusion is some officials have been demanding unwarranted fees.<\/p><\/blockquote>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

With Issandr having said ‘Buy land in Sinai now!’ in the discussion of the Saudi plan to build a bridge to Sinai<\/a>, I think this interesting article on British property buyers<\/a> which appeared in Business Monthly in a way supports what he added: ‘if you have a well-placed uncle in the army or mukhabarat’.
\nProperty worth up to $250millions has been snatched up by foreigners over the past three years, the article estimates, but nobody is really sure on which legal basis that has happened.<\/p>\n

The vague wording of the decree, combined with the fact that parliament has still not got around to approving it, has left the parties concerned in a considerable state of confusion. No one is really sure whether non-Egyptians can still buy property on a freehold basis. Certainly, resorts such as Delta Sharm in the Hadaba area of the city continue to sell and resell on this basis. \u00e2\u20ac\u0153Technically, a decree does not cancel a [previously existing] law, it merely gives another option,\u00e2\u20ac\ufffd says El Bahrawy. Other observers add that a further unwelcome consequence of the legal confusion is some officials have been demanding unwarranted fees.<\/p><\/blockquote>\n<\/div>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[4],"tags":[82,6],"_links":{"self":[{"href":"http:\/\/amrani.cc\/wp\/index.php?rest_route=\/wp\/v2\/posts\/2143"}],"collection":[{"href":"http:\/\/amrani.cc\/wp\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/amrani.cc\/wp\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/amrani.cc\/wp\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/amrani.cc\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2143"}],"version-history":[{"count":0,"href":"http:\/\/amrani.cc\/wp\/index.php?rest_route=\/wp\/v2\/posts\/2143\/revisions"}],"wp:attachment":[{"href":"http:\/\/amrani.cc\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2143"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/amrani.cc\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2143"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/amrani.cc\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2143"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}