Morocco 'seeing property rise again'

Morocco's property sector has bounced back from the dip it saw after 2007 and is offering good reasons to invest again, it has been stated.

In an article on the country, Buy Association said that capital gains of up to 35 per cent are possible.

The portal noted that the government of the country has been taking action to help boost the economy and property sector, including providing financial incentives for Moroccan expats to buy houses in their homeland.

Another measure is one of major slum clearance projects.

The wider economy is being aided by investment in tourism infrastructure and high-speed rail, something that could interest those looking to invest in tourist property.

Earlier this month, Global Arab Network said that many overseas buyers like to purchase a riad in a town like Marrakech, Essaouria and refurbish it.

It suggested a cheaper alternative might be to invest in a new apartment in Tangier.

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