At this instant in time Morocco is one of the world's most productive areas for property investment. Property in this country is currently at the beginning of an expected boom and analyst forecast prominent capital growth over the next 5-10 years.
Morocco has a rich tradition of hospitality, culture, breathtaking landscapes and over 3,400 kilometres of coastline that make the country one of the most diverse tourist destinations in the world. However, much of Morocco 's visitor-drawing potential has yet to be realised, and to this end the government has launched an aggressive series of plans and implemented legislative changes that should help fulfil the country's tourism ability.
It has embarked on a national tourism strategy which aims to increase the number of foreign visitors from 2.2 million currently to 10 million by 2010. Under Vision 2010, the Moroccan government has guaranteed to provide the necessary infrastructure to connect coastal resorts with the rest of the country and Europe by constructing 1,000 kms of new roads, increasing internal and international flights, and developing new regional airports.
Foreign investments in the country have also risen dramatically such as Dubai based developers committing $19 Billion in various projects spread across, Rabat , Casablanca , Marakkech and Tangiers.
For many years this diverse country has attracted travellers from all over the world, but now it is experiencing a new wave of interest in the form of property buyers and investors. |
