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Egypt property The property market in Egypt is primarily focused around the Red sea and Mediterranean coastline. Property investors are also buying in and around the main urban hubs of Cairo, Alexandria and Luxor, The Egyptian governments pro-active policies for attracting overseas investment has created an economic climate geared for growth in the Egyptian property market. Do you agree? Please state your views and opinions here on our new Egyptian property forum.

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Buildings, contents insurance, Egyptian bank accounts - Page 4

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  #31  
Old 08-01-2008, 08:55 AM
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Hi Phil I choose the option of transferring via Natwest for a £20 charge as it seemed the cheapest. As we paid in full cash payment we only had to send 1 payment through to the agent.
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  #32  
Old 09-01-2008, 10:07 AM
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Default Using Currency Exchange instead of the bank

Hi guys,

I would like to bring this to your attention:

1. Save Money- What would you do with an extra £3,000?
Aside from the fact that Smart Currency Exchange does not charge commission or any
fees, we can offer you an exchange rate better than your Bank and save you hundreds, if
not thousands, of pounds.
We save you money by negotiating a rate of exchange directly from the currency trading floor.
Due to the daily fluctuation in currency rates, banks set their rates every morning to ensure
that no matter what rate they give you, they will never be left short. This is why you’ll notice
on Bank currency boards that they offer a very high rate to sell and a very low rate to buy -
they’re just covering the eventuality of daily currency movements.
The bank makes quite a hefty profit from their customers because they fail to offer the best
rate possible. (This is just another reason banks report such high profits at the end of the
year!)

PLUS there are no hidden charges, so you don't pay anything to transfer your money to overseas account.

If there are any bank charges ... we cover all the receiving charges.



If you need more info please let me know


All the best and think about how much you can save!
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  #33  
Old 13-02-2008, 03:15 PM
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Has anyone who has bought in British Resort got their insurance in place yet? Not sure what to do for the best.
Thanks
Karen
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  #34  
Old 13-02-2008, 04:19 PM
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Default Insurance

Hi

intasure were one of the first UK companies to cover Egyptian properties. Here is a link.

Holiday Home Insurance from Intasure
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Last edited by totallyproperty; 27-02-2008 at 03:11 PM.
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  #35  
Old 13-02-2008, 06:13 PM
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Quote:
Originally Posted by crombiestone View Post
Hi

intasure were one of the first UK companies to cover Egyptian properties. Here is a link.

Holiday Home Insurance from Intasure

Thanks very much "mr" crombie stone......see,i rememberd!

Last edited by totallyproperty; 27-02-2008 at 03:11 PM.
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  #36  
Old 13-02-2008, 10:31 PM
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Default Check conditions carefully

Quote:
Originally Posted by nuttybird View Post
Thanks very much "mr" crombie stone......see,i rememberd!

If you are letting commercially rather than to "friends", you may find that the insurance either will be invalidated or will cost much more than for "own use", and if being "let and managed" by a third party company it may be a bigger problem, unless it is insured by the letting /management company.
.

.
.
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  #37  
Old 13-02-2008, 11:51 PM
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Quote:
Originally Posted by crombiestone View Post
Hi

intasure were one of the first UK companies to cover Egyptian properties. Here is a link.

Holiday Home Insurance from Intasure
Thanks for the info, i filled in their online form and they came back within the hour with a pretty decent quote

Thanks again

Lyndsay
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Last edited by totallyproperty; 27-02-2008 at 03:12 PM.
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  #38  
Old 14-02-2008, 12:05 AM
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Quote:
Originally Posted by dave99 View Post
If you are letting commercially rather than to "friends", you may find that the insurance either will be invalidated or will cost much more than for "own use".
.
Intasure quote for letting the property . You have the choice to include accidental damage for renters and the level of excess you want to pay .

In comparison to your normal UK insurance it is expensive but that will be because of the letting aspect . A really important part of the contract is public liability insurance .Intasure covers you for £5 Million .In a compensation culture this is very important if you are renting and someone tries to sue you for injury .
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  #39  
Old 14-02-2008, 08:32 AM
kjb kjb is offline
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Hi! Both me and my friend have villa's in Hurghada and we insured them localy for Building's and Contents and the policy was translated in to English giving a full summary.
I havan't got the policy handy at the minute but i was around £100 for the cover , cant remember the company name but if this is of any interest to you let me know i and can sort out the policy and send you the details O.K. Hope this may help you and anyone else looking for insurance in Hurghada .....Kjb!
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  #40  
Old 14-02-2008, 09:22 AM
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Hi Kjb,

Do they cover such items as earthquake and accidental cover etc.
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