(What is this?)
Home > Morocco > Property > News : Investors urged to keep an eye on Morocco
Not registered?  Join IPIN now FREE   |  Forgot password?

Investors urged to keep an eye on Morocco

Article Date : Tuesday, May 22, 2007       Bookmark on Facebook   Bookmark on Del   Bookmark on Digg   Bookmark on Facebook   Bookmark on Reddit   Bookmark on Spurl   Bookmark on Furl   Bookmark on Yahoo   Bookmark on Magnolia   Bookmark on StumbleUpon   Bookmark on BlinkList

Morocco will become a top Mediterranean destination within three years, one expert has said.

Although it is a "relative unknown" on the international investment stage, seasoned buyers are aware that real estate in Morocco can be bought for around a third of the cost of similar properties in Portugal and Spain, according to Matthew Peters, writing in the Daily Reckoning.

"At some point Moroccan prices may converge with those of southern Spain as the new developments arrive," he said.

He said that the launch of Vision 2010 ? a plan to increase the number of overseas holidaymakers to ten million every year by the end of the decade ? will help to transform the country's tourism sector.

"The plan, if successful, will diversify away Morocco's reliance on France for tourists and replace it with a reliance on western Europe," he remarked.

According to Rightmove, Morocco is set to be the top overseas summer hotspot this year after it was revealed that flight bookings to Marrakech rose by an annual 295 per cent last summer.
Listing Separator

Related Articles

  1. Morocco attracts foreign visitors
  2. Budget airline to launch Morocco flights
  3. Morocco offers adventure to visitors
  4. Africa has "buzzing" property prospects
  5. CTC to Build Dh1b Pacific Project on Al Marjan



Listing Separator

Let us search for you Let Us find Property in Morocco for You

Fill out a requirements form and our experts will help you find a great selection of Properties for sale in Morocco.
Let us searchHelp me find property in Morocco


Subscribe to This Feed

RSS News
Subscribe to this RSS Feed
Country: Morocco
Channel: All

More RSS FeedsGo

Prices from only 169,000 EUR

Fantastic rental investment opportunity. Fully furnished villas with a 9 year rental guarantee starting at 7% per annum, with rental yields increasing by 2% every year! Personal usage also available.

View Investor Report >>

View News by ChannelView News by Channel

Media/Press SectionProperty News Search


   

News ArchivesNews Archives

View worldwide property news from as far back as 2005 in our News Archives Section.

View News ArchivesGo