Middle East and North Africa improve as property investment destinations
Emerging markets will provide some of the best opportunities for real estate investment in 2010, according to A.T Kearney.
The consultants firm released its Real Estate Global Opportunity Index recently and revealed that those looking for profitable real estate investments should look to the Middle East and North Africa (MENA) area, which is climbing up the rankings.
Morocco is one of the countries that recently joined MENA. The Moroccan president Abbas El Fassi said that he thought the countries inclusion in the region would "strengthen its attractiveness for investment and foreign capital".
Dr Dirk Buchta, partner and managing director at A.T. Kearney Middle East, said:"The countries of the MENA [region] continue to improve in the Index, even as they are hit by the economic crisis."
The report also noted that measures, such as government stimulus packages and resumption of lending, seemed to be improving conditions in emerging markets.
A.T Kearney also said in the report that property developers needed to decide whether their best course of action was to expand geographically or look into specialising and optimizing their business.
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