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Monday, 24 February 2020

Real Estate Registry Act receives committee-level nod from Egypt’s House

LEGISLATION WATCH- Real Estate Registry Act receives nod from House committee: The House Legislative Committee has greenlit amendments to the Real Estate Registry Act that would speed up procedures for citizens to register properties by setting a time limit and simplifying the registration process, reports Masrway. The House has been consistently nagging the government to introduce the bill, which only very recently received cabinet approval. House Speaker Ali Abdel Aal previously called on the government to fast track the bill amid criticism that the existing law defers from registering their properties due to the difficult procedures and the high costs. The changes should now be up for a final vote in a general assembly session before being signed into law by the president.

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