 |
LATEST PROJECTS |
 |
|
|
Nabq Hills
Apartments are available on both the ground and first floor. All apartments are nicely appointed ...... |
|
|
|
|
El Qahareya
We have a range of different sized apartments available for sale within this project. All the apartments come ..... |
|
|
|
|
Individual Villas
We have 2 types of luxurious villa for sale, as follows:
Type 1 500 m² plot with 175 m² building
......... |
|
|
| NEWSLETTER SIGNUP |
|
|
 |
 Mangroovy Advice |
Legal
Foreigners and Egyptian nationals are restricted to 99 year leaseholds on property in the Sinai Peninsula. However, this has not deterred many foreigners from investing in the region who feel safe in the knowledge that the returns possible on property investment here are much greater than can be achieved through investing in financial savings plans in their home country.
When purchasing property, you must engage the services of reputable local lawyer.
|
|
| |
|
Mortgages / Finance
Favourable payment terms for property purchase within the Mangroovy Estate enable you to put down a deposit and enjoy credit facilities for up to 3 years beyond the contract date, as you can settle the remainder of the purchase price in regular instalments.
Several Egyptian banks also offer attractive finance options to foreigners whereby you can pay 25% of the purchase price to the bank when the contract is signed and pay the rest off over a 15 year period. Another method of raising capital is to release equity in property in your home country. We recommend that you consult an independent financial advisor in your home country regarding this. |
|
| |
|
