Egypt 'ideal place for property investment'

Egypt has been described as an ideal country for those interested in making an international bank transfer and investing in property abroad.

David Freeman, director and founder of Rouge Property, explained how resorts such as Sharm el Sheikh have numerous attractive developments.

"We've dealt with a lot of different countries over the years and Egypt is definitely a place I'd recommend," he stated, adding that Sharm el Sheikh is a "good tourist destination".

Meanwhile, Turkey was noted as an up-and-coming location, which has received positive reports and could prove profitable if the nation becomes part of the euro.

However, before making an online money transfer and purchasing a property in the country, Mr Freeman recommended thoroughly researching local areas.

For those who are looking to pick up a cut-price second home to add to their investment portfolio, the US was described as "another good country".

"Obviously, it's not great over there at the moment and properties can be picked up very, very cheap - you can get a good return on your money," Mr Freeman remarked.

Paul Collins, editor at BuyAssociation, recently claimed there is a wealth of properties on the market in Spain due to the sector experiencing falls in recent months.

He suggested that it would be some time before the housing market begins to recover and, as a result, many developers, private sellers and agents are keen to shift homes.

Therefore, Spain may prove an attractive market for individuals looking to invest in property abroad, with repossessed houses and buildings in need of substantial repair work likely to be offered at a low price.

In a previous statement, Mr Collins recently commented that the US market still remains popular with Brits, with areas around Florida of particular interest.

He added that buying in the country could "still be very profitable".

Posted by Chris Barber

Click here to make an International Money transfer to Egypt.