FTSE adds emerging markets to global index

The FTSE Global Real Estate Index Series has been extended to include the property markets of 12 new emerging markets.

As a result, investors will be able to follow the performance of listed property in these countries, which include Brazil, Egypt, Turkey, Malaysia and South Africa.

The indices, which are created in partnership with the European Public Real Estate Association and the National Association of Real Estate Investment Trusts, give buyers the ability to track the price of real estate in a number of global markets.

Head of alternatives at the FTSE Group Ronnee Ades said that the firm was "pleased" to expand the index, noting that the market for global real estate "has grown significantly in both size and diversity over the past few years", with investors showing a greater interest in "accessing emerging markets".

Abta - The Travel Association recently revealed that Turkey and Egypt are two destinations that Britons are likely to visit on holiday in 2009, describing them as "big growth areas".