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EGYPT REMAINS POPULAR WITH TOURISTS

Thursday, 26 Jun 2008

Tourists are becoming increasingly willing to venture outside of Europe for their holidays, according to new research.

A poll by Urlaub Perfekt magazine found that people from Germany considered Egypt one of their favourite holiday destinations.

The survey of 1,200 respondents found that the country was the only non-European nation to make it to the top five, which also included Bulgaria, Greece, Turkey and Spain.

Egypt was found to be rated highly because of the quality of its holiday accommodation, as well as the customer service that visitors were likely to receive.

In addition, its suitability for family holidays and its overall affordability were also much lauded by German consumers.

The country's popularity as a holiday destination recently prompted the BuyAssociation website to recommend Egypt as a market for overseas property investors.

According to the online portal, it has become one of the most popular destinations for winter sun-seekers over the last few years.

Overseas property investors are encouraged by the Egyptian government to invest in Egypt this provides the Egypt economy with direct foreign investment into the region.

The overseas property industry seems set for a bright future according to predictions from a recent study. “The appetite for property abroad seems set to continue with the British and Irish Buyers firmly behind the wheel. In fact the study carried out by Datamonitor has predicted that ownership is set to almost double over the next five years.” (www.amberlamb.com)

Egypt offers the perfect climate for year round holidaying with guaranteed sunshine from January to December. Visitors can marvel at all the country has to offer such as luxury resorts, fantastic golf courses, breathtaking scuba diving, unforgettable Nile cruises, fine sandy beaches and exclusive nightspots.

Egypt’s ancient heritage lives alongside a thriving economy which makes it a perfect place to visit to indulge or splash out. The Red Sea Riviera, a stunning stretch of coast line, is a favourite with holiday makers from all over the world because of its beautiful location, warm waters and proximity to all the cultural treasures of Egypt.

According to research, “Egypt tourists industries is expected to increase to 13.4 million by 2011, generated GDP by 12% by 2011 and generate over quarter of a million new jobs in Egypt in the same period of time and 2007 is when this increase will begin. This is set to have a positive effect on property prices in Egypt.”

Egypt is at the beginning of its boom and timing is essential to take advantage of cheap property prices in Egypt. Infrastructure improvements are already underway and accessibility into the region is already fairly easy.

Tourism is booming and the attraction of the diving community is being followed by European holiday makers. The British flock to this region every year all in all this makes Egypt a great place to invest

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