Cyprus and Morocco in the Premier League

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21/11/08 | Celebrity buyers attract visitors and investors to Morocco: Many overseas investors, particularly from the United Kingdom, are drawn to purchasing property in Morocco for the sole reason that the emirate is popular...Read more
14/11/08 | Tanger Boulevard, a jewel in Morocco’s crown: An innovative multi-purpose project that’s intended to change the North African city, Tangier, into a major multinational hub, Tanger Boulevard stands...Read more
13/11/08 | Morocco’s economy is thriving: An investment of 1.5 million euro by BALMS and CRUZ has resulted in new premises for the company in Tangier, Morocco. The unveiling of the property in...Read more
11/11/08 | Capital of Morocco praised as “beautiful”: The well-visited Rabat, Morocco’s esteemed capital city, was recently highlighted in an excellent manner at the Waterfront Expo conference, and received...Read more

CYPRUS AND MOROCCO IN THE PREMIER LEAGUE

Thursday, 21 Aug 2008

According to Homes Overseas' latest Premier league standings, Cyprus and Morocco are now one of the most prestigious destinations in which to purchase a property overseas. Property in Morocco is now featured in their guide to the ultimate destinations on our planet. Property in Morocco gains this elusive yet prestigious title to the detriment of both Australia and Slovakia, which have both been reduced in importance from their esteemed and advantageous positions during the past month.

The king of Morocco, under the elaborate Azur Project plan, has committed to expanding tourism from 2.2 million visitors to an impressive 10 million by the year 2010. The King's prudence will dramatically improve Morocco's standard of tourism facilities and capabilities, as well as its infrastructure. The property in Morocco will remain affordable, but considerable capital growth is expected over certain parts of Morocco during the next few years.

A part of the Azur development plan is being spearheaded by the Kerzner group which built Sun City in South Africa and Atlantis Beach in the Bahamas. This site includes an entire three miles of beach front property in Morocco, along the Atlantic coast just an hour's drive from Casablanca, with easy access to and from the Casablanca International Airport. This airport currently receives flights from twenty-two European cities daily and access to the area is also supported by a rail network.

The cost of this Morocco accommodation project is estimated at $230 million and is expected to supply a hotel with 600 rooms, two 18-hole golf courses, restaurants and a casino with various water sports for general entertainment. Effectively this will provide an accommodation capacity of seven thousand six hundred beds including three thousand seven hundred hotel beds on a site that will be surrounded by eucalyptus trees and covering an area of approximately five hundred hectares.