Quote:
Originally Posted by BigJim
Hi every one,
I have just purchased an appartment in Hurghada and have been told that it might be hard to get the money out of egypt and back in to england when i sell it.
I would be very greatfull if any one has any info on this.
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Just to confirm there are no restrictions remitting funds to Europe from the sale of property in Egypt or for other reasons. I have been transferring money back and forth for a while now and have had no problems at all. You will in all likelihood be asked by the bank making the transfer for you what the purpose of the transfer is and you should state something like transfer of proceeds from sale of property.