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Investors 'should buy Egyptian property'

Article Date : Thursday, January 03, 2008       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

Property investors in search of warm weather have been advised to consider purchasing a home in Egypt.

The country was highlighted by the BuyAssociation website as a location that offered that offered guaranteed sunshine all year round.

Along with its wide range of leisure attractions, its favourable climate was said to have helped turn it into a popular holiday destination during the winter months

Paul Collins, overseas property editor at BuyAssociation, commented: "Egypt combines history and tradition with some fantastic modern resort developments that attract visitors from across the world."

He added that the growth of low-cost airlines had changed how consumers picked their holiday destinations, thereby helping to make second home ownership more common.

Mr Collins described owning a foreign property as a lifestyle decision that was becoming "the norm" among British people.

According to Datamonitor, people from the UK and Ireland collectively owned £44.4 billion worth of property overseas by the end of 2006.
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