Morocco Property Investment News

Morocco recommended to buy-to-let investors

Morocco recommended to buy-to-let investors

Morocco could be a good location for buy-to-let property investors to consider, according to industry experts.

Fleewinter.com said the African country offers a number of suitable attractions for foreign buyers, particularly those who wish to enter the rental market.

For example, it has an expanding tourism industry, which is having a direct impact on rental demand across the country.

However, Marrakech and its surrounding areas were said to be one of the main hotspots of activity, mainly because it is very easy to reach from other countries.

Alisdair Luxmoore, a director at Fleewinter.com, observed: "That's where all the flights go.

"If the flights don't get there then you don't get any tourists."

He added that a property's rental potential could be further enhanced if it located near to the coast.

Mr Luxmoore said this would be an "enormous help" to those who are aiming to get healthy returns on their investment.

The Moroccan government is currently looking to increase annual visitor numbers to ten million by 2010.

This would be almost five times the amount recorded in 2002 and would prove to be very lucrative for both the economy and foreign investors.

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