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News: Morocco on the road to prosperity

Wed, 15 Aug 07

Morocco looks to be on track to meet its 2010 vision, with news that last year they welcomed 6.5 million tourists...

This is an increase of 4.5 million tourists since 2001 and with favourable legislation aimed at attracting European property investors Morocco, located just 14km from the coast of Europe is certainly vying to become the top Mediterranean destination of the next decade.

Rob Shaw, Marketing and Operations Manager for Morocco Properties says: “Marrakech is the most significant market in Morocco and in the last few years has become renowned as a favoured overseas property hotspot.

 

“As its popularity continues to rise at a meteoric pace, the general infrastructure is also being improved, paving the way for premier developments and amenities that will help towards the government’s 2010 vision.

 

Unprecedented price growth

 

Mr Shaw continued: “Marrakech is a prosperous centre of business, tourism and culture and is providing a new breed of overseas investor’s with superb opportunities to prosper, as property prices rise at unprecedented rates.

 

“It is my personal opinion that Morocco, particularly Marrakech, will become a long-term favourite with those from the UK. Its property prices, climate, quality of developments and culture mean that Morocco is competing with the likes of Brazil and Turkey as an overseas property hotspot.

 

“However, it is its location to the UK which will be the deciding factor with many new investors choosing Morocco because of its ease of access and flight time from the UK.”


 

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