Golf in Morocco creates investment opportunity
With the popularity of golf on the rise in Morocco, now might be the time for enthusiasts to invest in property in the country.
KPMG has produced a north Africa report to go alongside its third annual Golf Benchmark Survey, and the research shows the extent to which the game of golf has developed in the region over the last decade.
There are now 18 golf courses in Morocco, 14 in Egypt and ten in Tunisia, and travel and tourism is said to be the main driving force behind the increasing number of facilities.
With around 40 further projects already underway, more and more golf tourists look set to visit Morocco and north Africa, suggesting rental demand for properties in Morocco will be high.
"Our survey found that golf managers were optimistic about the future business prospects for their courses, although our analysis was conducted prior to the full scale unfolding of this autumn's global financial crisis," commented Andrea Sartori, head of KPMG's Golf Advisory Practice in EMA.
"However, we believe the outlook for the north Africa region remains positive."
Africa's most famous golfer is Gary Player, who turned pro just three years after first picking up a club.
He went on to become a nine-time major championship winner.
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