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