Higher Visitor Numbers - Morocco an Excellent Place to Invest
Morocco is becoming more accessible thanks to low-cost airlines, and as the tourism increases, so do the potential revenues from property investment. The number of tourists has increased by 6 percent last year despite the global economic crisis. The figures, released by Reuters, show that despite difficult economic times Morocco was able to increase its visitor numbers to 8.35 million last year. By comparison, similar holiday destinations such as Spain and Tunisia saw the numbers of visitors decline. Government officials are already predicting a further rise of ten per cent in 2010.
Tourists to Morocco have a wider choice of fantastic beach locations. For the outdoor-adventure types, it is even possible to ski and snowboard up in the snow-capped Atlas Mountains. There really is a huge amount of different activities to participate in and it’s easy to see why Morocco is becoming one of the most popular holiday destinations around.
For overseas property investors this is excellent news at it means there is plenty of demand for holiday homes, meaning property prices are growing steadily, rental yields are likely to be amongst the most stable and dependable.
Meanwhile, Tourism minister Yassir Znagui made the forecast and stated that the country wished to focus its efforts on “sustainable tourism, respect for the environment and a top quality tourism product” in the coming 12 months.
In related news, overseas property portal Buy Association said that capital gains of up to 35 per cent are possible in Morocco. The portal noted that the Moroccan government has been taking action to help boost the economy and property sector, including providing financial incentives for Moroccan expats to buy houses in their homeland. The expanding economy is being aided by investment in tourism infrastructure and high-speed rail, something that could interest those looking to invest in tourist property.
(Article taken from Estates Morocco - http://www.estatesmorocco.com/investment-property/higher-visitor-numbers-makes-morocco-an-excellent-place-to-invest/)
