Holidays in Egypt

One million Britons holiday in Egypt



Official figures show that around a million British holidaymakers visited Egypt in 2006, demonstrating the increased popularity of the country as a tourist destination.

The boost in popularity of Egypt holidays is thought to be down to a range of factors, including improved accessibility thanks to a growing number of flights from the UK and an influx of new tour operators who are driving down prices.

Improving infrastructure in Egypt is thought to be an additional factor, allowing visitors to do a greater range of activities, from cruising on the Nile to relaxing on the Red Sea.

Around ten per cent of British visitors to Egypt in 2006 stayed at the El Gouna resort, according to the resort's tourism authorities.

Located on the Red Sea, the resort is built on 10km of beachfront and provides opportunities for guests to try activities such as kite surfing, diving, or enjoying luxurious spa treatments.

The resort boasts some high quality hotels, as well as a variety of restaurants, bars, bazaars and shopping arcades.

El Gouna is said to be as large as central London and is home to almost 3,000 permanent residents as well as the many holidaymakers from around the world who visit every year.

Emerging markets 'good for buy-to-let investment'

There are emerging markets which provide opportunities for buy-to-let investment which exist outside of Europe, an expert said today.

Hetal Shah, director of Investors Provident, said that countries such as Egypt, Morocco and Brazil are starting to gain popularity with landlords in the UK.

These overseas markets "are definitely coming into the limelight", she remarked.

One of the reasons that people are getting interested in Egypt, Morocco and Brazil is because the property does not cost much.

"In Egypt, you can pick up properties for £16,000 or £17,000 … it's ridiculously cheap," Ms Shah said.

"In places like Brazil, you can go for £40,000 or £50,000 for a beach-front apartment. Morocco is very, very similar, but £30,000 or £35,000 for a nice property."

Price is the biggest advantage that these countries have over mainland Europe, she added.

Regarding other property markets in far-flung locations, Ms Shah explained that the market in Goa, India, is "probably done and done", adding that properties in this former hotspot are now very expensive and would not be a good choice for short-term investments.

However, she said that Goa is still a good choice for someone who wants to own a holiday home instead of focusing on returns.

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