Investors told to look outside Europe

Article Date : 18 December 2007

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.

Investors told to look outside Europe

Like this? Then share with your friends and colleagues!

Related Articles

Let Us find Property in Morocco for You

Subscribe to This Feed

Property News in Morocco

Property News Search

News Archives