Morocco recommended to investors
Overseas property buyers have been advised to consider possible investment opportunities in Morocco.
According to NuWireInvestor, authorities in the north African country want to significantly boost the tourist sector over the next few years.
King Mohammed VII has already expressed his desire to increase annual visitor numbers from 7.4 million last year to 10 million in 2010.
This is likely to create a surge in demand for rental accommodation in the most popular areas, while it would also boost the economy and housing market.
Therefore, the website has recommended that prospective investors consider entering the market before it peaks, as the rising demand is likely to push up property values.
NuWireInvestor commented: "The property market in Morocco, a North African country, is booming and property development is taking hold in a big way."
According to the Telegraph, the Moroccan market is performing so well that it appears to be "recession-proof".
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