Morocco to be 'a hit' with foreigners in 2007

Morocco to be 'a hit' with foreigners in 2007
Morocco is set to be the top overseas summer hotspot this year, new research has revealed.

According to Rightmove, Morocco is one of the fastest-growing destinations for both property investors and holidaymakers.

Article Date : Wednesday, March 14, 2007
Morocco is set to be the top overseas summer hotspot this year, new research has revealed.

According to Rightmove, Morocco is one of the fastest-growing destinations for both property investors and holidaymakers.

Lush gardens, olive groves and palm trees, as well as medieval alleyways and vibrant market stalls, all make Morocco a favourite for tourists, which is why investors are starting to invest in property for renting.

The property firm found that flight bookings to Marrakech rose by 295 per cent last summer compared to the previous year.

"Flight fares to Morocco have dropped dramatically", commented spokesman Justin Figgins.

"This makes the destination a more attractive investment prospect for those looking to cast their nets further afield in search of a holiday home that is a little out of the ordinary."

Rightmove also revealed that average property prices in Morocco currently range between £100,000 and £125,000.

The Independent recently reported that a record number of Brits are buying property in Morocco and enjoying capital gains of at least 20 per cent a year.