The recent rise in popularity of Egypt as a holiday destination among Britons has been attributed to a unique combination of factors such as the amount of investment the nation has consistently been ploughing into the upgrading and promotion of its tourism product, and the fact that Egypt lies firmly outside of the more expensive eurozone.

The Foreign Office and ABTA have jointly reported that there has been an increase of almost 40 percent in the numbers of Britons choosing Egypt which means more demand for Fly-t-Let properties.

Tourism in Egypt has become a leading sector for the nation's economic development, and as a result the authorities are working closely with the private sector to ensure that everything is in place to advance the appeal of the industry.

Egyptian tourism officials believe that soon-to-be-released statistics will show almost a 20 percent increase in visitor arrivals in 2008 compared to 2007, and the World Travel & Tourism Council predict that Egypt's Real Travel & Tourism activity growth over the next 10 years will average at least 7 percent.

All the signs are there that the time is right for a closer look at what Egypt has to offer the Fly-to-Let property investor.

As an emerging destination the nation's property market has started from a very low level price-wise, and this has been helped by the fact that properties are not sold in euros. The property market has been further boosted by the increase in cheap flight operators arriving in Egypt, by the improvements in transparency in the ownership process and because of the potentially strong rental and capital appreciation returns.

In a bid to further fuel interest in the market, Egyptian developers have been particularly aware of the need to diversify the methods by which purchasers can make an entry into the market as well. This has led to the most astute developers considering fractional ownership schemes.

Fractional ownership is a legal framework that allows for the division of ownership of a property into shares, with shares being sold at a greatly reduced price compared to the full ownership cost.

Someone who therefore buys into a fractional property actually purchases a specific right to use that property for a fixed period of time annually, but at a much cheaper price than if they had to buy that property outright and maintain it.

Buyers have the advantage of owning a home abroad for the period of time that suits them, and having a home that is fully managed by a professional team year round; meaning that the owners arrive for their fixed weeks' occupancy to a property that is clean, properly maintained and ready for their occupancy. This particular method of purchase is increasing in appeal internationally.

Buyers benefit from the fact that when they are not using the property they are not paying for it, yet at the same time the property remains well looked after, ensuring that the underlying value of it, and in turn the owner's share of it, can rise in line with market conditions.

The Palme Royale five star resort near Hurghada in Egypt, which will be managed by a Swiss hotel chain, had to prove itself in order to become one of the premier fractional ownership offerings in Egypt.

This development has amenities such as a private shopping mall with designer outlets, five star restaurants, health spa and beachfront setting.

Properties available for sale include apartments, townhouses and hotel suites from £65,378 and Experience International has secured the right to sell these properties on a fractional ownership basis and is also offering a 10 percent discount on pre launch prices.

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