Anyone who wants to invest in property in Morocco has been advised to set their sights on the capital city of Marrakech.
The bustling North African capital has been highlighted as the best investment opportunity in the country because it is already the most loved and established tourist destination in Morocco.
When considering what kind of properties are the best investments it is advisable to focus your attentions on city centre apartments. These have proven the most sought after among both international and domestic investors and present both great rental income and the best opportunity for capital growth.
Marrakesh is set to become even more appealing to tourists with the addition of a new terminal at the city’s airport. This will increase the amount of visitors and money arriving into the city and in turn, boost the economy of the city as a whole.
Obtaining finance to buy property abroad can more often than not be the most major obstacle. Fortunately, obtaining finance in Morocco is not overly difficult for overseas buyers and 70 per cent mortgages are offered in a lot of cases.
Figures published earlier this month by the Bank Al Maghrib show that the number of purchases of residential property in Morocco has increased by 22.8 per cent in the final quarter of 2011 and transactions for apartments have accounted for 61 per cent of all total sales.
For details of property for sale in Morocco, visit the Morocco listings on Rightmove Overseas. One way to save money when buying in the Morocco is to use a currency specialist when transferring your pounds into dollars to complete the purchase of your property. For more information on this, contact Smart Currency Exchange.
For more information on moving to or living in Morocco, visit the Morocco Buying Guide here.