Buy and Build surge in Morocco
Kevin Fleury, MD of Smart Investment Property has said that Morocco has become a property hotspot for overseas investment. The huge surge to buy and build proves that Morocco property market has strong potential for returns of investment for overseas investors. Mr. Fleury said that in Morocco many people not going for foreign currency mortgages as it is a relatively new investment destination.
Rob Shaw, operations manager for Morocco Properties has said that Morocco has certainly garnered the limelight last year and is now predicted to be one of the best overseas investment opportunities around.
Morocco’s natural and cultural attractions make it one of the dynamic investment markets in the international real estate sector. The difference between current price levels and capital appreciation offers both values for money and smart investment potential.
Morocco is clearly a country in development. Government’s drive to open up its free market economy to foreign investment by reducing red tape and streamlining the bureaucracy and regulations that hindered its development makes property sector more attractive.
This comes after a recent research which revealed that real estate purchases accounted for more than 15% of foreign investment in Morocco in 2007. Half of property sales last year in Marrakech were to foreigners. French investors are leading the way in ‘Buy and Build’ in morocco followed by British investors.
Popularity: 34% [?]
