{"id":543392,"date":"2022-01-31T03:50:50","date_gmt":"2022-01-31T03:50:50","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/31\/is-it-about-to-get-easier-to-register-your-home\/"},"modified":"2022-01-31T03:50:50","modified_gmt":"2022-01-31T03:50:50","slug":"is-it-about-to-get-easier-to-register-your-home","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/31\/is-it-about-to-get-easier-to-register-your-home\/","title":{"rendered":"Is it about to get easier to register your home?"},"content":{"rendered":"

<\/a> Another step toward simpler property registration rules: <\/strong>The House of Representatives\u2019 Legislative Committee yesterday gave the nod to amendments to the Real Estate Registry Act, Al Mal<\/a> reports. The amendments aim to streamline registry procedures by significantly reducing the number of required documents, digitizing parts of the procedure, and putting a time ceiling on the entire process.<\/p>\n

Though not without some contention:<\/strong> Some MPs expressed concern that unlike the old law, the newly amended bill does not specify that registration forms are filed with tax offices at no cost. They asked for any fee to be set out in the law and not left to be set in the executive regulations without legislators\u2019 oversight.<\/p>\n

A refresher:<\/strong> As things stand, registering real estate requires on-the-ground inspections by notaries, documentation of provenance, and other steps that usually take months and have in the past discouraged property owners from notarizing their deeds. Prime Minister Moustafa Madbouly decided to streamline the process in order to encourage more notarizations, and the cabinet approved the amendments<\/a> in November.<\/p>\n

What\u2019s next for the bill:<\/strong> The bill will be up for further discussion at a House plenary session (the next is scheduled for Sunday, 6 February). If it gets the final nod, it will be sent to President Abdel Fattah El Sisi to be signed into law.<\/p>\n","protected":false},"excerpt":{"rendered":"

Another step toward simpler property registration rules: The House of Representatives\u2019 Legislative Committee yesterday gave the nod to amendments to the Real Estate Registry Act, Al Mal reports. The amendments aim to streamline registry procedures by significantly reducing the number of required documents, digitizing parts of the procedure, and putting a time ceiling on the […]<\/p>\n","protected":false},"author":1,"featured_media":543393,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7344],"tags":[72,274,187,83,713],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-543392","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legislation-watch","tag-enterpriseam","tag-house-of-representatives","tag-legislation-watch","tag-real-estate","tag-real-estate-registry-act","wpautop","entry"],"acf":{"mongo_id":"94a9f72b-6838-4bb0-9138-fb7a1d6e0ed9","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/1\/540.jpg","photo_position":"above","related_issue":[543382],"teaser":"","voice_url":""},"yoast_head":"\nIs it about to get easier to register your home? - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/31\/is-it-about-to-get-easier-to-register-your-home\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Is it about to get easier to register your home?\" \/>\n<meta property=\"og:description\" content=\"Another step toward simpler property registration rules: The House of Representatives\u2019 Legislative Committee yesterday gave the nod to amendments to the Real Estate Registry Act, Al Mal reports. 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The two-year freeze is meant to allow time for public consultations on the legislation and the introduction of an alternative to the\u2026","rel":"","context":"In "LEGISLATION WATCH"","block_context":{"text":"LEGISLATION WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/legislation-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/3\/60.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":543632,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/10\/selling-your-house-could-soon-become-cheaper\/","url_meta":{"origin":543392,"position":2},"title":"Selling your house could soon become cheaper","author":"enterpriseam admin","date":"10 February 2022","format":false,"excerpt":"Another potential boon for homeowners: The House of Representatives\u2019 Planning and Budget Committee yesterday greenlit amendments to the Income Tax Act that would overhaul the property disposal tax to reduce selling costs for home owners, according to Al Mal. 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The House has been\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":560439,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/28\/lawmakers-want-more-time-to-comply-with-new-real-estate-registry-act\/","url_meta":{"origin":543392,"position":5},"title":"Lawmakers want more time to comply with new Real Estate Registry Act","author":"enterpriseam admin","date":"28 February 2021","format":false,"excerpt":"Property owners could get an 18-month grace period to comply with new rules under the Real Estate Registry Act. 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