{"id":560545,"date":"2021-03-03T04:04:32","date_gmt":"2021-03-03T04:04:32","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/03\/house-signs-off-on-suspending-real-estate-registry-act\/"},"modified":"2021-03-03T04:04:32","modified_gmt":"2021-03-03T04:04:32","slug":"house-signs-off-on-suspending-real-estate-registry-act","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/03\/house-signs-off-on-suspending-real-estate-registry-act\/","title":{"rendered":"House signs off on suspending Real Estate Registry Act"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-03\"><\/a> <strong>It\u2019s official: Amendments to the Real Estate Registry Act will be suspended until <\/strong><strong>30 June 2023<\/strong> after the House of Representatives\u2019 general assembly signed off yesterday on the suspension, according to a newsreel from the House (<a href=\"https:\/\/www.youtube.com\/watch?v=-eZ5eyP4IR8&list=PLZGxPKVYzChRm1EI3x99QhxHMgGovGuMy\">watch, runtime: 10:57<\/a>). The House Legislative Committee had approved the decision <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1a1d9e08-8976-4312-aa23-d653611f22bc\">earlier in the day<\/a>.The votes came one day after President Abdel Fattah El Sisi <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/adbe13a3-c987-4e42-b17b-b7ea7b0b31c4\">issued the decree<\/a> ordering the suspension to allow time for public consultations on the legislation.<\/p>\n<p><strong>Background:<\/strong> The law \u2014 approved by parliament in August \u2014 was scheduled to go into effect this coming Saturday, 6 March. The law mandated new procedures for property owners to register their properties, and stipulated that properties must be registered at the Real Estate Registry before getting access to basic utilities. Properties that already have access to utility infrastructure would not be affected, however. The Madbouly Cabinet is now working on a draft bill for the interim two-year period setting the fees and procedures for real estate registry until the reworked Real Estate Registry Act is prepared.<\/p>\n<p><strong>OTHER LEGISLATION NEWS-<\/strong><\/p>\n<p><strong>The Water Resources Act earned preliminary approval from the House general <\/strong><strong>assembly<\/strong> ahead of a final vote on the bill <a href=\"https:\/\/www.youtube.com\/watch?v=-eZ5eyP4IR8&list=PLZGxPKVYzChRm1EI3x99QhxHMgGovGuMy\">(watch, runtime: 0:22)<\/a>. The act, which has been languishing in parliament for years, is expected <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/61a50e41-ca56-4ca5-ae16-9189d348c274\">to unite disparate laws<\/a> on water into a single bill, and will introduce stricter penalties for water waste, while addressing pollution, dwindling resources, and climate change issues. The legislation received a nod from a sub-level committee \u2014 formed to resolve some of its contentious articles \u2014 in 2019, after being in the works since at least 2017, when it received Cabinet approval.<\/p>\n<p><strong>Want a refresher?<\/strong> Take a deep dive into the legislation \u2014 which is one of three water-related bills that are meant to address some of the structural issues with how water resources are organized in Egypt \u2014 with this issue of our weekly infrastructure vertical, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/91feb202-b605-493a-8d72-ab4ab70aeb10\">Hardhat<\/a>. And if you want more perspective on why these bills are pressing, go back to <a href=\"https:\/\/enterprise.press\/hardhats\/counting-costs-govts-usd-50-bn-water-saving-plan\/\">our inaugural issue of Hardhat<\/a>, wherein we looked at the government\u2019s USD 50 bn water-saving plan.<\/p>\n<p><strong>THE<\/strong> <strong>HOUSE ALSO SIGNED OFF ON:<\/strong> A law regulating blood donation and the manufacturing and collection of plasma earned a final stamp of approval from the House general assembly yesterday, according to a newsreel from parliament <a href=\"https:\/\/www.youtube.com\/watch?v=-eZ5eyP4IR8&list=PLZGxPKVYzChRm1EI3x99QhxHMgGovGuMy\">(watch, runtime: 20:12)<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It\u2019s official: Amendments to the Real Estate Registry Act will be suspended until 30 June 2023 after the House of Representatives\u2019 general assembly signed off yesterday on the suspension, according to a newsreel from the House (watch, runtime: 10:57). The House Legislative Committee had approved the decision earlier in the day.The votes came one day [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":560546,"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":[96,72,274,187,83,713,69],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-560545","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legislation-watch","tag-abdel-fattah-el-sisi","tag-enterpriseam","tag-house-of-representatives","tag-legislation-watch","tag-real-estate","tag-real-estate-registry-act","tag-tax","wpautop","entry"],"acf":{"mongo_id":"e55cd904-7bf6-44ad-ac07-304a0faafc4e","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/3\/79.jpg","photo_position":"above","related_issue":[560536],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>House signs off on suspending Real Estate Registry Act - 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\/2021\/03\/03\/house-signs-off-on-suspending-real-estate-registry-act\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"House signs off on suspending Real Estate Registry Act\" \/>\n<meta property=\"og:description\" content=\"It\u2019s official: Amendments to the Real Estate Registry Act will be suspended until 30 June 2023 after the House of Representatives\u2019 general assembly signed off yesterday on the suspension, according to a newsreel from the House (watch, runtime: 10:57). The House Legislative Committee had approved the decision earlier in the day.The votes came one day [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/03\/house-signs-off-on-suspending-real-estate-registry-act\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-03T04:04:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/79.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/03\/house-signs-off-on-suspending-real-estate-registry-act\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/03\/house-signs-off-on-suspending-real-estate-registry-act\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"House signs off on suspending Real Estate Registry Act\",\"datePublished\":\"2021-03-03T04:04:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/03\/house-signs-off-on-suspending-real-estate-registry-act\/\"},\"wordCount\":386,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/03\/house-signs-off-on-suspending-real-estate-registry-act\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/79.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Abdel Fattah El Sisi\",\"EnterpriseAM\",\"House of Representatives\",\"Legislation Watch\",\"real estate\",\"Real Estate Registry Act\",\"tax\"],\"articleSection\":[\"LEGISLATION WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/03\/house-signs-off-on-suspending-real-estate-registry-act\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/03\/house-signs-off-on-suspending-real-estate-registry-act\/\",\"name\":\"House signs off on suspending Real Estate Registry Act - 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El Sisi ratified a bill that repealed an income tax exemption on income derived from treasury holdings, Al Mal reports.Background: The bill, which was proposed by the Finance Ministry\u2026","rel":"","context":"In &quot;LEGISLATION WATCH&quot;","block_context":{"text":"LEGISLATION WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/legislation-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":578480,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/02\/new-real-estate-registry-competition-law-and-tax-amendments-are-now-in-effect\/","url_meta":{"origin":560545,"position":1},"title":"New real estate registry, competition law, and tax amendments are now in effect","author":"enterpriseam admin","date":"2 January 2023","format":false,"excerpt":"El Sisi signs into law real estate registry, competition, and tax law amendments: President Abdel Fattah El Sisi has ratified a number of legislative amendments recently passed by the House of Representatives, according to a decree published in the Official Gazette.#1- Amendments to the Real Estate Registry Act that streamline\u2026","rel":"","context":"In &quot;LEGISLATION WATCH&quot;","block_context":{"text":"LEGISLATION WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/legislation-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/1\/8.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":560513,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/02\/its-back-to-the-drawing-board\/","url_meta":{"origin":560545,"position":2},"title":"It\u2019s back to the drawing board","author":"enterpriseam admin","date":"2 March 2021","format":false,"excerpt":"Amendments to the Real Estate Registry Act are now suspended for at least two years under directives from President Abdel Fattah El Sisi, according to an Ittihadiya statement. 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 &quot;LEGISLATION WATCH&quot;","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":543392,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/31\/is-it-about-to-get-easier-to-register-your-home\/","url_meta":{"origin":560545,"position":3},"title":"Is it about to get easier to register your home?","author":"enterpriseam admin","date":"31 January 2022","format":false,"excerpt":"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\u2026","rel":"","context":"In &quot;LEGISLATION WATCH&quot;","block_context":{"text":"LEGISLATION WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/legislation-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/1\/540.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":560545,"position":4},"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. The bill would see property owners pay a lump sum tax\u2026","rel":"","context":"In &quot;LEGISLATION WATCH&quot;","block_context":{"text":"LEGISLATION WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/legislation-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/2\/139.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":646620,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/19\/el-sisi-signs-off-on-amendments-to-commercial-registration-act\/","url_meta":{"origin":560545,"position":5},"title":"El Sisi signs off on amendments to Commercial Registration Act","author":"enterpriseam admin","date":"19 June 2017","format":false,"excerpt":"President Abdel Fattah El Sisi signed off yesterday on amendments to the Commercial Registration Act, Al Shorouk reports. The law will require manufacturers to receive approval from their industry\u2019s division at the Federation of Chambers of Commerce and the Federation of Egyptian Industries before being listed in the Commercial Registry.\u2026","rel":"","context":"In &quot;Legislation + Policy&quot;","block_context":{"text":"Legislation + Policy","link":"https:\/\/enterpriseam.com\/egypt\/category\/legislation-policy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/560545","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=560545"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/560545\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/560536"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/560546"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=560545"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=560545"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=560545"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=560545"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=560545"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}