| The prospect of growth in developing
| |
| | holidaymakers, opening up the possibility
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| markets means that property investors are
| |
| | of letting a property out to tourists.
|
| becoming more adventurous in their choice
| |
| | Mr Collins cited the diving that takes
|
| of location, an investment firm has said.
| |
| | place in the reef near Sharm El Sheikh as
|
| Investors becoming more Hetal Shah,
| |
| | 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 investors
| |
| | The mummified pharaoh has been placed on
|
| are increasingly setting their sights on
| |
| | public display for the first time,
|
| 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. Even
| |
| | Warm countries such as Egypt are proving
|
| with the recent scare in the Spanish
| |
| | to be highly popular tourist destinations
|
| property market, I don't think it's
| |
| | this winter, experts have revealed.
|
| really died down to that degree," Mr Shah
| |
| | Britons seek sunnier climes this
|
| commented.
| |
| | Christmas According to
|
| "Even in tried and tested markets, I
| |
| | TravelRepublic.co.uk, many Britons are
|
| don't think you can go wrong ... You've
| |
| | choosing to leave the country over the
|
| got the security, you've got guaranteed
| |
| | Christmas period in order to enjoy high
|
| capital growth; although it's going to be
| |
| | temperatures overseas.
|
| slow. It's not going to be as high as
| |
| | The firm said that the number of people
|
| what you'd find in somewhere like ...
| |
| | going abroad for a two-week holiday
|
| India, or Brazil, Morocco, Egypt.
| |
| | during the festive season was 238 per
|
| "We're finding that Morocco, Egypt and
| |
| | cent higher than at the same time last
|
| Brazil seem to be the highlights of the
| |
| | year.
|
| day at the moment ... People are being
| |
| | Egypt was said to be one of the most
|
| quite adventurous in that respect. And
| |
| | popular locations among British leisure
|
| capital growth is really, really good in
| |
| | travellers, along with Spain and
|
| these locations. You're looking at
| |
| | Portugal.
|
| anywhere between ten, fifteen per cent a
| |
| | Speaking to the Northumberland Gazette,
|
| year," he added.
| |
| | Mr Sanders commented: "More and more
|
| The possibility of snapping up a bargain
| |
| | people are choosing to go away for
|
| property is drawing many foreign
| |
| | Christmas and the New Year, whether it be
|
| investors to Egypt, an expert has stated.
| |
| | to join friends and family or simply to
|
| Egypt Paul Collins, spokesperson for the
| |
| | 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 an
|
| comparison with other places where you
| |
| | increase in rental yields as a result.
|
| have similar facilities and similar
| |
| | The research follows a similar study by
|
| climates."
| |
| | Co-operative Travel carried out last
|
| He added that the country's weather was
| |
| | month.
|
| also a strong draw for overseas
| |
| | Analysts at the firm predicted that more
|
| investors, as they were "virtually
| |
| | than three million Britons would spend
|
| guaranteed" to get hot and sunny
| |
| | the festive period overseas - 11 per cent
|
| conditions when visiting.
| |
| | more than during last year's Christmas
|
| In addition, he said Egypt had a number
| |
| | season.
|
| of attractions that made it popular with
| |
| |
|
