Turkey and Egypt 'to stay popular'

Turkey and Egypt are set to remain as popular tourism destinations in 2010, according to American Express.

Figures from the firm's Global Foreign Exchange Services Currency Index showed that the two countries became increasingly popular this year as summer holiday destinations, with more favourable exchange rates with sterling than the euro.

This saw a 60 per cent year-on-year rise in demand for Egyptian pounds and a 26 per cent increase for Turkish lira.

Such a trend is likely to continue next year, the firm predicts, which could make these countries a good place for those investing in tourist property to buy.

One Turkish resort recently tipped to fare particularly well in 2010 is Altinkum.

Earlier this month, Didim Today reported that a new golf course is planned for the area, in addition to the marina currently being built.

Editor of the Buying in Turkey guide Dominic Whiting told the paper: "It will certainly broaden the area's appeal and have a positive effect on the property market."

Article from: www.propertyshowrooms.com