Morocco tipped as ideal second home investment location

Morocco has been listed as an ideal place to buy a second home.

The country has seen its economy and property market remain healthy despite the world economic downturn, with property prices rising since 2007, Global Arab Network stated.

It suggested that this is likely to continue with major plans to increase tourism and investment in the country.

The news provider noted that many investors like to buy and restore a Riad in places such as Marrakech, Essaouria and Fez, although it noted that sometimes this can be costly.

An alternative is to pick up a newer apartment in places like Tangier.

It also advised that it is wise to carry out extensive research before buying, with employing a realtor to check legal documents being an important move.

Alex Peto of property firm Aylesford told the Daily Telegraph last month that an investment in Marrakesh over five years is likely to be a profitable one.

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