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Investors told to look outside Europe

Article Date : Tuesday, December 18, 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

People who want to buy an affordable seaside investment property in a foreign location have been advised to look outside of Europe.

According to the Telegraph, countries such as Morocco could be suitable alternatives to more established European markets as the house prices are much lower.

The newspaper stated that the affordability of property in the north African country was partly due to the fact that new developments were only now beginning to spring up.

Therefore, investors are currently able to easily acquire a residence in a desirable coastal region at a bargain price.

Commenting on the country's potential, the Telegraph said: "Finding unspoilt stretches of Morocco's Atlantic and Mediterranean coastlines is still easy."

The publication added that the country's government is currently implementing "lavish plans" to attract more foreign holidaymakers and property investors.

According to official figures, visitor numbers in Morocco have increased by 14 per cent in the last 12 months.
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