Real Estate & Editors' Choice News in Morocco from Propertyshowrooms.com

Morocco is a 'winter sun' destination for Brits

Fri, 3 Dec 2010 00:00:00 GMT

Brits are now searching further afield for their winter sun holiday destinations, new research has found.

According to Experian Hitwise's latest travel report, destinations in India, Morocco, the Canary Islands, Egypt and Turkey were among the most popular searches on the web during the last quarter.

Individuals looking to buy property in Morocco will be interested to learn that the city of Marrakech was named as the fastest moving destination of the year.

Since October 2009, Marrakech has jumped 29 places, showing the greatest year-on-year increase in market share of flight-related searches online, Experian Hitwise claimed.

Robin Goad, director of research at the company, commented: "This quarter's fastest movers have been completely dominated by the winter sun destinations.

"UK travellers are clearly looking forward to sun rather than snow this winter."

Meanwhile, Reuters recently reported that strong economic growth in Morocco has been driven by an increase in real estate and construction activity in the country over the past decade.

Morocco 'set to be new Monte Carlo'

Fri, 13 Nov 2009 00:00:00 GMT

Marrakech in Morocco could become the new Monte Carlo, in a plan backed by the State of Monaco.

The body has a controlling stake in resort operator Monte Carlo SBM, which is planning a £120 million hotel and exclusive residential development outside the town.

Invitations have been sent by the firm to people who currently live in Monaco for tax reasons to consider buying into the new project, including the likes of Formula One motor racing world champion Jensen Button and head of Barclays Banking Bob Diamond.

Such a move may also help the overall property market grow in the country, by making it more fashionable.

Last month, it was noted that the country's market is on the up after a dip caused by the credit crunch, with BuyAssociation stating that capital gains of up to 35 per cent can be enjoyed by investors.

The portal noted that the country's government has sought to aid this by offering incentives to expats to buy in their homeland, as well as a slum clearance programme.

Morocco tipped as future hotspot

Mon, 27 Oct 2008 00:00:00 GMT

Morocco could become a property hotspot as a result of its growth in popularity as a tourist destination, it has been stated.

Chintan Mahida, a spokesperson for property firm Nubricks.com, noted that recent research by holiday companies Thompson and First Choice has shown that more people are beginning to prefer non-traditional destinations, a factor she said was partly influenced by the low value of the pound against the euro.

She stated: "Low cost airlines such as easyJet are cottoning on to the changing trends" adding that they are creating more routes to make "places like Morocco and Turkey more easily accessible."

Ms Mahida added that a consequence of increased tourist popularity will be a rise in demand for property.

Agadir is one Moroccan destination that has been tipped to grow in the years ahead.

The Daily Mail noted this week that Ryanair will shortly be commencing a service from Stansted to the resort.