Growing tourism boosts Morocco's rental sector

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GROWING TOURISM BOOSTS MOROCCO'S RENTAL SECTOR

Wednesday, 05 Mar 2008

New tourism figures have highlighted the range of possible investment opportunities in Morocco.

Maghreb Arabe Press reports that in January 2008, visitor numbers in the north African country rose by 11 per cent on the previous year to more than 400,000.

This indicates that Morocco is establishing a solid reputation as a winter holiday destination and proving to be increasingly popular as a result.

As a result, overseas property investors who own rental accommodation in places such as Marrakesh, Agadir and Fez could be in line to benefit from high returns on their investment.

Demand for housing in popular and desirable areas could make properties highly sought-after, thereby pushing up their overall value.

In addition, high occupancy rates means that investors can collect strong rental yields, further boosting the success of their investment.

Earlier this week, independent analysts Amberlamb said that efforts to attract more foreign visitors by the Moroccan government have raised awareness of the country among overseas property buyers.

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