Real Estate & Commercial News in Morocco from Propertyshowrooms.com

Royal Air Maroc in Amadeus-AACO strategic deal

Mon, 4 Aug 2008 00:00:00 GMT

Royal Air Maroc (RAM), Morocco's national carrier, has signed a 10-year distribution agreement with Amadeus, a global leader in technology and distribution solutions for the travel and tourism industry...

Buy-to-let investors pointed towards Morocco

Wed, 30 Jul 2008 00:00:00 GMT

People who plan to invest in a buy-to-let property overseas have been advised to consider purchasing in Morocco.

According to Fleewinter.com, the north African country currently has a growing tourism industry, which means that rental demand is very strong.

Therefore, owners of a buy-to-let property in popular tourism hotspots could be able to benefit from considerable rental returns.

However, the website has advised that if people wish to make the most of the potential the market currently offers, they should invest in a property near the sea.

Alisdair Luxmoore, spokesperson for Fleewinter.com, said: "If you want a return on your investment, in terms of tourists coming to stay in your place, then being by the coast is an enormous help."

He added that a property's rental potential could also be maximised if they buy in a place which is easy to reach, such as Marrakech.

According to official figures, more than seven million foreign leisure travellers visited Morocco in 2007.

Credit crunch 'not affecting Morocco'

Thu, 24 Jul 2008 00:00:00 GMT

A property analyst has claimed that Morocco is not being negatively affected by turbulence in the global economy.

According to Dominic Farrell, editor of Jet-to-Let magazine, the ongoing credit crisis is mainly affecting countries such as the UK, the US and Ireland.

By contrast, many financial institutions in Morocco are still apparently lending money to customers.

Commenting on this trend, Mr Farrell said it is because banks in the north African nation has been relatively unexposed to global economic problems.

This could partially explain why foreign markets are currently seeing a surge of interest among British property buyers.

"I have definitely seen a sharp increase in the amount of interest from potential investors over the past six months," Mr Farrell committed.

Speaking to the Liverpool Daily Post, he added that many people are unable to enter the British market and are seeking alternatives as a result.

According to Currencies Direct, many of the people who are buying homes in Morocco are those who wish to live abroad on a permanent basis.