Posted by: Jump2top | February 28, 2008

Why and Where to Invest in Morocco?

Property experts turn their eye to the emerging market of Morocco and name it the next big thing for property investors.

According to the World Travel and Tourism Council and Real Estate TV the Moroccan property market has received a high volume of interest over the past twelve months; with one in five properties bought in Africa by Brits situated in Morocco

The increase awareness in Moroccan property has inspired specialists to investigate the attraction to the country and regional hotspots for overseas home buyers.

According to the study Morocco’s popularity has been spurred on by an intensification of media interest and government initiatives titled “Vision 2010” that aim to strengthen the economy, tourism and infrastructure of the country.

Costa Vista is apparently the region of Morocco to invest in. It has been compared to Costa del Sol in Spain which lies across the Mediterranean Sea directly opposite Costa Vista. Both offer a superb climate, stunning landscapes, pristine beaches and laidback lifestyle.

However Costa Vista, unlike Costa del Sol is experiencing a boom in its tourism industry compared to the Spanish region which has apparently seen a decline in visitors and property investment.

The tourist boom has produced promising rental yields in Morocco and is set to increase by an average of at least 4 percent per annum between now and 2016. Property prices have also doubled over the last year.

Investors from Spanish and Italy have also been attracted to the region of Costa Vista for its rich culture and history. While others in France and beyond enjoy the benefits of one of Morocco’s central languages- French.

“Morocco has so much in its favour as an investment location right now which is why we are focused on the country and its property market,” adds Mark Dodd, Managing Director of Real Estate TV.


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