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Tuesday, October 07, 2008
Catherine Deshayes
Egypt has secured ninth position in a league table of the top ten most popular destinations for 2009 holidays, reports West Side Village...
Egypt's popularity is growing at an astonishing rate, driven by the Egyptian Tourist Authority's aim to increase the country's visitor numbers to 16 million by 2014.
Property investors who have bought properties in the emerging market are set to benefit hugely, as tourism levels boom and the demand for rental properties increases. Frequent low cost flights operate directly from London and the provinces as well as other major European cities, making Egypt easily accessibly to holidaymakers.
Stephen Smith, Sales and Marketing Director of West Side Village, said, "The fact that Egypt is one of the top ten most popular destinations for holidays in 2009 will be music to the ears of property investors, who rely on rental demand from tourists to deliver strong returns.
"Egypt may be an emerging market, but with such solid tourist demand, it is also low risk."
West Side Village offers 687 lock-up-and-leave apartments within walking distance of Hurghada's wide sandy beaches. The high specification apartments range from studio flats, to luxury two bedroom penthouses with private roof terraces, on the market for £76,000.
Source: Advantage Travel Centres/West Side Village
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