Innovative land & property investments
Morocco Property Investment News
Investors pointed towards Morocco
Foreign property investors may be able to cash in on growth in the Moroccan housing market, experts have suggested.
According to the Global Property Guide, house prices in the north African country are set to increase at a considerable rate.
This is because the government is aiming to attract more holidaymakers from overseas, which is leading to the creation of new facilities and residential properties.
The Global Property Guide believes that this is likely to trigger a boom in the market, which in turn will encourage more people to consider buying an investment property in Morocco.
"Tourism almost invariably brings increased interest in buying in the country," it commented.
Morocco as a whole has also been tipped to benefit, as the growth in tourism is likely to have an "enormous impact" on its economy.
Authorities in Morocco are currently aiming to attract ten million visitors a year by 2010 - it attracted 7.4 million people in 2007.
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