Real estate revenues has significantly boosted Moroccan economy
The popularity of Morocco with foreign leisure travellers and real estate revenues has significantly boosted the economy in the region, experts have said.
Those thinking of investing in property in Morocco may find it an even more appealing option in light of the country’s finance minister statements in the ‘financial news’, he said that investment in tourism and real estate sectors is behind the change of fortunes in Morocco and unemployment percent has been reduced by 50%.
The minister added that due to the success of property investment, Moroccan economy is now non-dependent on the agriculture sector. He noted that the country’s dynamics are strong and that the growth rate remained steady despite other nations struggling to cope with the global economic problems.
The minister commented: “Morocco is now a big building site”
According to the Telegraph, The downturn in the global economy is not putting investors off entering the Moroccan market as it is continuing to attract a high level of interest from investors in places such as the UK. Prospective buyers were told they could expect to pay about a third of the price of a comparable property in Spain.
Commenting on the property purchase, the Associated Press described Morocco as a “real estate hotspot” because it offers other attractions such as good scenery and warm weather.
Popularity: 3% [?]
