Positive economy boosts Moroccan property prospects
The booming Moroccan economy is having a positive impact on the way property in Morocco is viewed as an investment, according to an industry expert.
Dominique Gautier, a partner in the Munich-based “Roland Berger Strategy Consultant” which has an office in Casablanca, Morocco has said that the economy of Morocco is the most interesting in North Africa in terms of growth potential. Roland Berger Strategy Consultants is one of the world’s leading strategy consultancies with 36 offices in 25 countries has recently opened a branch in Morocco as Morocco offers great opportunities for consulting companies.
He added that Moroccan growing economy is likely to be a factor that could entice overseas property buyers to the country, particularly as it is a highly popular holiday destination. The economic achievements have encouraged the European Union to grant Morocco an advanced status, to become the first country in the Euro-Mediterranean region to enjoy such a status. Morocco is also the first beneficiary of European funds part of the European Neighboring Policy (ENP), receiving over MAD 2 billion (USD 244 million) a year.
The Daily Reckoning has reported that dual tax treaty between Morocco and the UK, the reform of land registry issues and investment in infrastructure are all signs that the country is serious about attracting overseas investors.
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