Morocco enjoying its 'low-risk' property market

The property market in Morocco is benefiting from the fact it managed to escape the worst of the global economic crisis as high demand from investors and second home buyers boosts its profile.

According to Middle Eastern media and technology Group Al Bawaba, international property agent Knight Frank has painted a positive picture for property investment in the country, claiming it offers a low-risk environment.

The news provider highlights the "cosmopolitan city" of Marrakech as being one of the more popular destinations for individuals looking for luxury and prime properties.

And with relatively low prices in comparison with destinations in Europe, the North African coastal destination can still expect appreciation to occur within the market.

Individuals looking to rent their properties to tourists in the country will be pleased by news that visitor numbers rose by six per cent during 2009 and government officials are already predicting further rises of around ten per cent this year, Reuters reported.

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