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Morocco named as potential investment destination

Article Date : 12 February 2009       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

Morocco named as potential investment destination

Morocco has been identified as one location that may be ideal for UK property investors looking to make a purchase abroad.

John Howell, senior partner at the International Law Partnership, told the Press and Journal that the North African destination has a number of attractions that could tempt real estate buyers.

The country, which benefits from year-round favourable weather conditions, is not much further from the UK than Spain and uses French as its national language, he said.

"Additionally, Morocco has a government that has committed itself to a ten-year infrastructure improvement plan with a view to boosting tourism," he told the news source.

However, he warned potential buyers that regardless of where they choose to invest, they should ensure that both the type and price of the property is suitable before making a purchase.

Morocco's tourism minister, Mohammed Boussaid, recently revealed that the country is expecting to profit from the economic crisis, as he expects holidaymakers to head for the country in favour of more expensive destinations.

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