Egyptian govt denies it will expropriate housing units from owners under new amendment

SourceEgypt Independent
SectorEconomy
CountryEgypt

On Tuesday, Egypt’s government refuted social media claims that it would expropriate housing units from their owners if they are not registered in the notary offices in accordance with the new amendment to the law. The Egyptian cabinet’s media center released a statement saying that it had contacted the Justice Ministry, who completely denied the rumors. The ministry explained that the new legislative amendment to the Real Estate Registration and Notary Authority’s law does not include expropriation of any housing units from their owners. The cabinet’s statement clarified that the new amendment stipulates that in the event of selling a housing unit, the buyer must first register it in the real estate registry, which enables the buyer, after completing the registration, to transfer the property. The statement appealed to all media outlets and social media users to investigate the accuracy and objectivity behind claims, and to communicate with authorities to check before publishing false information that might lead to confusion. According to the statement,...read more...