Tourism set to drive up Moroccos house prices-100708

House prices in Morocco are likely to be boosted by growth in the country's tourism sector, according to analysts.

The Global Property Guide stated that the Moroccan government wants to attract 10 million visitors a year by 2010.

As part of this plan, new accommodation for holidaymakers is being created, while authorities are also opening up extra routes for airlines.

The website believes that this could have a knock-on effect on the country's house prices, as these developments could heighten interest in certain areas.

In particular, it is predicting a surge of interest among overseas property buyers, to the point where the market could become more popular than some European countries.

The Global Property Guide commented: "It is difficult not to suspect that Morocco’s success in attracting both summering and settling Europeans will eventually outpace that of Turkey."

Morocco attracted a record number of people last year, as about 7.4 million tourists chose to visit places such as Marrakesh and Tangier.
 

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