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Investors pointed towards cheap property in Morocco

Article Date : Thursday, April 17, 2008       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

Overseas property investors could find possible bargains in Morocco, according to a British newspaper.

The Telegraph highlighted the north African country as a possible option for foreign property buyers because it offers relatively low house prices.

Property values were said to be much cheaper than those in other nations with a Mediterranean coastline.

For example, it stated that a house in Spain could possibly cost three times as much as a similar property in Morocco.

Prospective buyers were also told that the country is weathering the downturn in the global economy very well, as it is continuing to experience growth.

The Telegraph remarked: "Moroccan property appears to be recession-proof as the housing market there booms."

This comes after the Foreign Property Buyer website said that the government's plan to increase the number of visitors to Morocco over the next two years "bodes well" for its rental market.
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