The Property Banks Morocco Property News
Modernising Morocco, Homes Worldwide, UK - 26
Apr 2007
Morocco is fighting for the top spot of the fastest growing
destinations for both property investors and holiday makers. ...
Morocco is fighting for the top spot of the fastest growing
destinations for both property investors and holiday makers.
The Mediterranean climate, supported by Morocco's vibrant markets
and medieval stone streets are all factors that have resulted in
more tourists looking for somewhere more exotic to invest in
property abroad.
Since King Mohammed VI was enthroned in 1999, he ignited a series of
political and economic changes, pursuing a modern living course. He
aimed to fight poverty, ease unemployment and has enlisted a
programme of economic liberalisation to attract foreign investment.
According to property firm, Rightmove, flight booking figures to
Marrakech rose by nearly 300 per cent in the summer of 2006 compared
to the previous year. This has promoted a significant drop in flight
prices, attracting yet more visitors with a new found interest in
the increasingly modernising North African country.
With access now easily available from the rest of Europe, investors
are quick to realise the potential of Morocco as a destination for a
unique holiday home that possesses something a little out of the
ordinary.
Recent reports show that a record number of Brits are investing in
Moroccan property, some of which are enjoying value gains of at
least 20 per cent per year. Rightmove have also highlighted that the
average house price in Morocco is between £100,000 and £125,000.
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