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 Egypt - News

 Brits Look For More Exotic Locations  03.07.2007 back
Investors Provident say that investors are turning their attention to locations such as Morocco and Egypt.

Improving travel networks have meant that people wishing to invest in foreign property are shifting their attention away from traditional destinations, it has been claimed.

While "exotic" locations may primarily be the domain of professional investors at the moment, people looking to buy holiday homes or places for retirement may soon join them as air travel becomes more convenient, Investors Provident has said.

According to the property company, investors are turning their attention to locations such as Morocco and Egypt, which may also mean that more opportunities are created for people looking to buy permanent residences in established countries such as France and Spain.

"People are considering far-out locations - especially with air travel becoming cheaper as well. People are willing to travel more," said Hetal Shah, director of Investors Provident.

Recent research by Barclays Global Retail and Commercial Banking found that the overseas property market has seen an influx of "dream-chasers" in recent years - people who are looking to buy abroad for lifestyle rather than investment reasons.
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