The World Travel and Tourism Council (WTTC) reported a steady growth of tourism in Egypt in 2007 and recently stated that the expected growth for the travel and tourism economy for the country in 2008 is expected to be 5.5 percent.

Experience International, a specialist in emerging property markets such as Egypt, has seen an increasing number of Fly to Let investors taking advantage of the strong economy, stable political system and stable currency.

Steve Worboys, Director of Experience International says: “Egypt is a modern state and as a country we have seen it grow as a tourist destination over many years due to its rich history and unique attractions such as the pyramids; now though people are increasingly seeing its potential as a place of investment for both remuneration purposes and the fact that it is a year round holiday destination.”

The increase in the number of visitors to Egypt has boosted the country as a whole with the travel and tourism sector seeing rapid growth. The WTTC reports that it expects to see a rise in the number of people employed as a direct result of tourism in Egypt.

In a recent article published on Arabianbusiness.com Ahmed El-Nahas the chairman of the Egyptian Tourism Federation (ETF) commented on Egypt's current position.

He said: “The past couple of years have been very positive for Egypt. We have seen a major increase in tourist arrivals. In 2006, we had over nine million tourists visit Egypt.

“The plan was an annual increase of one million, which was surpassed in 2007 when the arrival figures reached 11 million tourists. The ongoing efforts of the Ministry of Tourism and the Egyptian Tourist Authority will hopefully reap 14 million tourist arrivals by the end of 2008.”

It is not just the tourism sectors that have seen positive shifts in position. The Jones Lang LaSalle's most recent report, Global Real Estate Transparency Index, shows that Egypt is now 59th out of the 82 countries and in the top 10 most improved countries around the world.

One of the factors in this has been the opportunities available to Fly to Let investors to get a good deal.

Worboys added: “According to the WTTC Egypt is 17th in long-term growth and as more developers and companies look to invest there we at Experience International expect to see a significant increase in those looking to purchase property.”

As well as Egypt's continuous economic growth one of its fundamental appeals is its year round visitor appeal. Egypt sees a mere 80mm of rain a year and even the winter temperatures stay around a very comfortable 22c to 31c.

The sea is also still warm during the winter months, which is good for the thriving water sports that resorts such as Oasis Marina in Hurghada host.

Located in the fast developing Al Ahyaa district to the north of Hurghada, Oasis Marina is situated on the Red Sea Riviera with 50,000 metre squared of beach front.

Andy Parkin is an investor in Oasis Marina, who purchased a 2 bedroom villa through Experience International for £58,500. He said: “The fact the government are investing inwardly is a good sign to me that the expansion of the tourist and property market is no short term plan.”

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