Morocco popular with second home buyers

An increasingly diverse range of investors are buying property in Morocco on account of the country's improved infrastructure and accessibility, it has been claimed.

The Times recently included Marrakesh in its list of up-and-coming cities for property purchases, claiming that the availability of cheap flights and the government's recent tourism drive is creating many opportunities for investment in the city.

Although Marrakesh's reputation as a "bohemian bolt-hole" remains, the city also appeals to investors from other backgrounds, according to the newspaper.

"With its new five-star out-of-town golf resorts, it is as likely to attract City players as culture-loving buyers who want to immerse themselves in an old-town riad," the article states.

Chris Monroe, a 48-year-old oil trader from Berkshire, told the Times that his property just outside Marrakesh functions as a holiday home while also generating some rental income.

"We'll use the property as a family second home and I'll rent it out for a few weeks each year to cover the annual costs," he explained.

A growing number of British property buyers are seeking an authentic Moroccan experience by investing in the historic city of Fez, nuwireinvestor.com recently reported.

Visit our off-plan property Morocco page.