"Recent government laws on the real estate sector, such as the Real Estate Tax Law and the Reconciliation Law for Building Violations, have not adversely affected real estate investment, but increased the value of real estate in Egypt," the expert said. Egypt is currently building 20 "fourth-...
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, and their purpose must be for a family member to live in the property. If registered, the property cannot be sold or rented for five years. In addition, the government implemented other reforms recently: A value-added tax (VAT) was introduced. Egypt's Investment Law was amended to ...
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At the local level in Egypt, the economic conditions are critical, due to the world trade movement leading to the increase the inflation rate and the continuous decrease of local currency value with respect to foreign currencies, in addition to the reduction of saving rates for local currency. ...
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