Moroccan Mortgage

More good new for Moroccan property invetors from Obelisk

King Mohammed of Morocco has announced big plans for the country, including a key strategic vision to boost tourism figures to 10 million by 2010 — all good news for Morocco property investment.

London, UK (PRWEB) August 18, 2007 — The Moroccan King has currently invested £2.2 billion in developing up-market coastal resorts, including hotels, villas, apartments, golf courses and marinas. The country’s infrastructure is maturing well with expansion of airports and new road systems, plus within three years, Morocco will become accessible via an under water train link from San Pedro in Spain.

Budget airlines are also aiding the increasing interest in Morocco property investment stimulating tourism and economic growth. Low cost airlines such as easyJet and Monarch both fly to the North African country with many other economical carriers following suit.
Today Morocco is a promising emerging market and a huge growth in developments to the region is living proof of this. The Moroccan government’s commitment to increase the numbers of tourists is a real incentive for developers and investors alike

Some property companies are promoting Morocco as the next Spain; however being branded the new Spain is the last thing the Moroccan government wants. They have made plans to turn their coastline into a non high rise, aesthetical pleasing destination with the emphasis on environmental care. As the country offers everything from economical apartments to million pound villas, Morocco property investment is attracting all types of investors, from the first time buyer to the more seasoned investor, all of which are keen to tap into this emerging market.
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