Essaouira set to attract more investors
Overseas property buyers are increasingly choosing to snap up properties in the Moroccan resort of Essaouira, a media outlet has revealed.
According to fleewinter.com, the city has become the location of choice for holiday home buyers because this small town South of Casablanca has been a beach destination among Moroccans for several decades. Alisdair Luxmoore, director of the website, said the city’s nearby coastline would help overseas buyers achieve consistent returns on their investment. Overseas property investors have been advised to pay close attention to the region over the next few years as it could potentially experience a property boom in the near future.
The port is one of the town’s main attractions. International tourists find several great places to have dinner in the old streets of Essaouira particularly in the port’s open air restaurants and there are also many cafes with open air terraces. The mild weather makes of Essaouira makes it a perfect summer destination. The music festival which takes place in early summer called as the Gnawas Festival attracts the visiting tourists. The Essaouira area is easily accessible as it is close to the city of Marrakech and the Menara International Airport.
Commenting on the region, Mr. Luxmoore said it is becoming popular with people from all over the world, especially retirees and also highlighted the region as a possible option for investors who are seeking to collect good returns. The increased tourism is raising demand for property in region which is fuelling growth in the market, as house prices have been increased consistently last year.
Popularity: 3% [?]
