Investors advised to consider Moroccan market

Overseas property investors have been advised to enter the Moroccan market sooner rather than later.

According to property expert Fouad Akalay, the north African country is currently enjoying considerable growth in its tourism industry.

Speaking to the Telegraph, he stated that this has had a direct impact on its housing market, as it has triggered a property boom.

This means that investors who purchase a residence in Morocco can expect their acquisition to go up in value relatively quickly.

As a result, they could potentially make a considerable profit should they choose to sell up at a later date.

However, this also means that investors who enter the market earlier will benefit the most, as houses will still be fairly cheap if they do not delay.

Mr Akalay commented: "Early investors should expect capital growth of 20 to 30 per cent for the next several years."

This comes soon after NuBricks.com described a property in Morocco as "a smart buy".