| The prospect of growth in developing | | | | holidaymakers, opening up the |
| markets means that property investors | | | | possibility of letting a property out to |
| are becoming more adventurous in their | | | | tourists. |
| choice of location, an investment firm | | | | Mr Collins cited the diving that takes |
| has said. | | | | place in the reef near Sharm El Sheikh |
| Investors becoming more Hetal Shah, | | | | as an example, along with the new golf |
| director of Investors Provident, says | | | | courses in the region. |
| that traditional markets still provide a | | | | Meanwhile, tourists in Egypt are |
| strong draw because of their guaranteed | | | | currently enjoying the opportunity to |
| returns and reliability - but | | | | view the face of the country's former |
| double-digit growth in countries such as | | | | ruler King Tutankhamun. |
| Brazil, Morocco and Egypt means | | | | The mummified pharaoh has been placed on |
| investors are increasingly setting their | | | | public display for the first time, |
| sights on more exotic locations. | | | | exactly 85 years after it was first |
| "I think with the established markets, | | | | discovered. |
| it's never going to really die down. | | | | Warm countries such as Egypt are proving |
| Even with the recent scare in the | | | | to be highly popular tourist |
| Spanish property market, I don't think | | | | destinations this winter, experts have |
| it's really died down to that degree," | | | | revealed. |
| Mr Shah commented. | | | | Britons seek sunnier climes this |
| "Even in tried and tested markets, I | | | | Christmas According to |
| don't think you can go wrong ... You've | | | | TravelRepublic.co.uk, many Britons are |
| got the security, you've got guaranteed | | | | choosing to leave the country over the |
| capital growth; although it's going to | | | | Christmas period in order to enjoy high |
| be slow. It's not going to be as high as | | | | temperatures overseas. |
| what you'd find in somewhere like ... | | | | The firm said that the number of people |
| India, or Brazil, Morocco, Egypt. | | | | going abroad for a two-week holiday |
| "We're finding that Morocco, Egypt and | | | | during the festive season was 238 per |
| Brazil seem to be the highlights of the | | | | cent higher than at the same time last |
| day at the moment ... People are being | | | | year. |
| quite adventurous in that respect. And | | | | Egypt was said to be one of the most |
| capital growth is really, really good in | | | | popular locations among British leisure |
| these locations. You're looking at | | | | travellers, along with Spain and |
| anywhere between ten, fifteen per cent a | | | | Portugal. |
| year," he added. | | | | Speaking to the Northumberland Gazette, |
| The possibility of snapping up a bargain | | | | Mr Sanders commented: "More and more |
| property is drawing many foreign | | | | people are choosing to go away for |
| investors to Egypt, an expert has | | | | Christmas and the New Year, whether it |
| stated. | | | | be to join friends and family or simply |
| Egypt Paul Collins, spokesperson for the | | | | to catch some winter sun." |
| BuyAssociation website, stated that the | | | | This comes after the Buy Association |
| country was very popular because of the | | | | website praised the quality and |
| relative affordability of high-quality | | | | affordability of Egyptian property. |
| houses. | | | | This will be good news for owners of |
| Commenting on the Egyptian market, he | | | | tourist accommodation in major tourist |
| said: "Property is very, very cheap in | | | | resorts, as they will be likely to see |
| comparison with other places where you | | | | an increase in rental yields as a |
| have similar facilities and similar | | | | result. |
| climates." | | | | The research follows a similar study by |
| He added that the country's weather was | | | | Co-operative Travel carried out last |
| also a strong draw for overseas | | | | month. |
| investors, as they were "virtually | | | | Analysts at the firm predicted that more |
| guaranteed" to get hot and sunny | | | | than three million Britons would spend |
| conditions when visiting. | | | | the festive period overseas - 11 per |
| In addition, he said Egypt had a number | | | | cent more than during last year's |
| of attractions that made it popular with | | | | Christmas season. |