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Morocco 'could be the new Spain'

Article Date : Friday, June 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

With an increasing number of tourists visiting Morocco's holiday destinations, one expert has suggested that the country could become the "new Spain".

Rob Shaw, marketing and operations manager at Morocco Properties, said that Morocco has "matured" in recent years and now property investors are likely to find a great deal of potential in the country's market, reports Easier.

"One only has to look at its close proximity to northern Europe and Spain, the upgrading of infrastructures, the continued investment and the variety it has to offer," he remarked.

Commenting on the country's property sector recently, Hetal Shah, director of Investors Provident, said that Morocco was "coming into the limelight", along with a number of other emerging markets.

According to Mr Hetal, Moroccan property prices are far cheaper than in mainland Europe, a fact which is attracting a growing number of investors to the region.
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