Could international money transfers to Egypt tempt investors?

Investors could be tempted to make international money transfers to Egypt after comments have suggested that the property market is full of potential.

Samih Sawiris, chief executive of Egyptian property developer Orascom, told Overseas Property Professional that the fact that the country is "still an emerging market" means that it has much to offer investors.

He added that the country did not see a decline in sales during the global financial crisis as houses continued to attract interest.

"While in the Red Sea area we have a 12-month season, the second home market outside of the Red Sea is totally underdeveloped," noted Mr Sawiris.

"If you compare it with Morocco, Tunisia and Turkey you can see the market is a long way from saturation."

Sending money to Egypt through an independent foreign exchange broker can save money on fees and avoid the currency exchange commission often charged by high street banks.

Click here to make an International Money transfer

Posted by Sarah Pitton