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How Important is Property in Morocco?

How Important is Property in Morocco?

If you ever wondered whether the property market in Morocco was secondary in any way to the government, to the economy and to the future successes of the nation you would be wrong, and a recent report from MAP (the Maghreb Arabe Presse in Rabat) supports this fact. 

It shows how strong a contributor real estate is to the economy in Morocco and so in answer to the question posed in the title of this article, namely ‘how important is property in Morocco?’ the answer is an unequivocal ‘very!’

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Property in Morocco a Hot Target for 2007

The word’s out already - property in Morocco is a hot target for 2007 and beyond because the government of Morocco are making it easier for overseas buyers to invest in holiday homes and derive rental income tax free for the first five years, they are making it easier to get to and from Morocco by opening up their skies and airports to cheap flight operators from all across Europe and the UK, and they are totally committed to expanding travel and tourism related traffic and income.

As a result of all these factors we no longer consider Morocco an emerging market – rather it is a rapidly maturing market where prices are rising fast - in fact, 2007 could be the last year for investors to bag property bargains.

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Morocco’s Property Market Boosted by Spanish FDI

Despite the facts that Spain and Morocco are only separated by nine miles of sea and Spain actually has a couple of enclaves on the Moroccan mainland, the Spanish and Moroccan economies, countries, governments and people have not been closely aligned in recent years.  Now a softening of relations between the two nations is resulting in Morocco’s property market being boosted substantially by Spanish foreign direct investment.

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Off Plan Property in Morocco

Regular Amberlamb readers might be wondering whether we’re biased when it comes to Morocco - after all we seem to spend an inordinate amount of time discussing the merits of investing in off plan property in Morocco and examining the developing property and tourism based economies in the country - and here we are doing it again!

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Golf and Ski Property Coming Soon to Morocco

Having already committed substantial investment to the Moroccan real estate market the world’s largest and unarguably most innovative property development company Emaar Properties PJSC have announced plans to build the very first golf and ski resort in Morocco in a week when Morocco hit the headlines as being one of the most exciting emerging property investment hotspots today.

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Good News for Owners of Investment Property in Morocco

This month there are plenty of reasons to be cheerful for those who already own investment property in Morocco – and plenty of reasons to consider Morocco if you’re still looking around for an emerging real estate market with masses of profit potential!

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