Morocco popular with online overseas property community
Morocco has emerged as one of the property hotspots for investment among members of the online overseas property community, according to a media outlet.
Recently propertywire.com carried out a review of several leading property forums and found Morocco to be one of the most mentioned countries, along with Brazil. The website also cited a recent survey on the propertycommunity.com forum, which found that Morocco received the most votes in its chart of the best places to invest outside the EU.
The internet has long been the first port of call for UK investors. Estate agents such as Strutt & Parker, Knight Frank, Hamptons International and Humberts say around 75% of their buyers begin looking for homes on the net, before getting in touch with an estate agent’s office or before visiting a property they like. The North African country is one of the popular countries in internet property search as it one of emerging markets that have managed to steer clear of the economic problems currently afflicting larger economies.
The website added that the advantage Morocco has over other emerging real estate markets is that is it close to Europe. Morocco is said to be “credit-crunch free”, making it an appealing location for savvy overseas property investors in the current climate.
Meanwhile, acting director of Invest in Morocco Mohammed Aref Hassani told Reuters that the country would continue to attract foreign direct investment in 2009.
Popularity: 14% [?]
