Could international money transfers to Egypt pick up?

International money transfers to Egypt could start to pick up again as investor confidence is reportedly returning.

Loxley McKenzie told Overseas Property Professional (OPP) that there was a "huge drop" in the number of enquiries about properties in Egypt following the news of the political unrest in the country.

However, this was "a natural and expected response" and the resilience of buyers and investors is becoming apparent now as interest is picking up.

People who are considering investing in property in the region might want to enquire with a foreign exchange broker about the best way of making an international money transfer to Egypt.

This could save them money in the long-run by allowing them to access some of the most competitive exchange rates on the market.

Meanwhile, Peter Mitry, chief executive officer of Egypt-Real.com, told OPP that international enquiries are starting to improve, although sales have been somewhat quieter than usual.

Click here to make an International Money transfer to Egypt

Posted by Chris Barber