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Morocco's investment potential highlighted

A British expatriate has spoken highly of the investment potential which Morocco currently offers.

James Bailey, who moved to the north African country in 2006, told Building magazine that many new housing developments are being created in different areas.

He said he believes this trend will continue, as many foreign investors in particular are becoming keen to put money in the Moroccan market.

This surge of interest has been attributed to efforts by the government to liberalise property-buying laws, as this has encouraged investment from overseas.

Mr Bailey added that global economic problems are not impeding growth in the country, further enhancing its appeal to foreign investors.

He commented: "Since September 2007, investment in the Moroccan economy has grown 32.9 per cent despite the credit crunch."

Earlier this month, Homes Overseas magazine revealed that around £7.5 billion is currently being spent on new homes and infrastructural improvements in Morocco.

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