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More people to fly to eastern Europe

Article Date : Thursday, October 25, 2007       Bookmark on Facebook   Bookmark on Del   Bookmark on Digg   Bookmark on Facebook   Bookmark on Reddit   Bookmark on Spurl   Bookmark on Furl   Bookmark on Yahoo   Bookmark on Magnolia   Bookmark on StumbleUpon   Bookmark on BlinkList

More people are expected to fly to eastern Europe over the next four years, which could boost opportunities for overseas property investors looking to take advantage of demand for holiday accommodation.

According to figures from the International Air Transport Association, the number of passengers taking overseas flights worldwide will rise from 760 million to 980 million by 2011 and it says eastern Europe will benefit greatly from this increase.

International flight demand in Europe is expected to rise by five per cent a year over the period and while traditional western European destinations will continue to be popular, countries such as Poland, Latvia, Romania and Ukraine are likely to see a significant boost in visitor numbers.

This will bolster the appeal of eastern Europe among overseas property investors as the increase in tourists will lead to extra demand for short term rental accommodation, particularly in the major cities as people take city breaks.

The Association of British Travel Agents believes the festive period will attract many visitors to eastern Europe as people book shopping trips to visit traditional Christmas markets.
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