Morocco Property Investment
Morocco Property Investment
Over the past 12 months Morocco’s tourist industry has increased dramatically, due to new government incentives to boost the country’s tourism trade through new large scale tourist projects and infrastructure. This has led to many changes in Morocco, especially in the real estate market, where capital gains from off-plan tourist accommodation has reached the 20 to 25% mark. With Morocco becoming more popular amongst the tourists every year, there are many investment opportunities, in which foreign investment is strongly encouraged by the government and the authorities have worked hard to make Morocco a secure and attractive place to invest in.
The new conditions created by recent government incentives have helped remove all previous difficulties associated with investing in Morocco. The Moroccan economy now holds one of the fastest growing real estate markets in the world. Morocco’s relative stability, politically and economically, and the attractive climate are major reasons for increasing growth within the Moroccan real estate sector. Foreign nationals are now at the forefront of commercial and tourist real estate investment, realising the great potential for excellent return on their investment.
Since the turn of the century Morocco has seen major changes in its infrastructure, with new roads/motorways, ports, industrial sectors, schools, airports and luxury tourist resorts, at the top of the agenda, and now in 2010, Morocco is proud of its accomplishments, having successfully completed major infrastructural development, having developed Tanger-Med the largest cargo port in the Mediterranean and Africa, to complement the large industry sectors built in Tangier, and only recently has also moved towards accommodating major passenger ferries from across Europe.
The Open Skies Agreement with Europe’s leading budget airlines has made visiting Morocco cheaper and easier, and with new motorways completed up and down the country, travelling throughout Morocco can now be even more pleasurable.
In view of the new government incentives, booming tourism industry, fast growing real estate market and newly built infrastructure, the time to invest in Morocco has never been better, the difference between current investment prices and their growth potential makes for a sound investment in the Kingdom of Morocco.
