I think that it is wrong to compare the Escrow accounts in the UK and Germany to anything in Egypt. In Europe the purchaser has legal protection if the lawyer makes off with the money. In Egypt what insurance do you have if something goes wrong with the escrow account? What insurance system is in place? Can the lawyer confirm that the bank checks and confirms that money is released as set out in the purchase agreement? The lawyer should say clearly what protection the purchaser has if something goes wrong in the management of the account.
Just to say if you put your money in an escrow account you are protected, is wrong. Tell us what protection is offered against something going wrong. We all know that estate agents and lawyers make off with people's money. In Europe you have protection but what protection do you have in Egypt?
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