Morocco property in top 10 for investment in 2009

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MOROCCO PROPERTY IN TOP 10 FOR INVESTMENT IN 2009

Thursday, 08 Jan 2009

It is more important than ever these days to buy a home at the best price and in the correct destination. There is much division amongst expert opinion as to which overseas destination will prove to be the most profitable in 2009, but property in Morocco comes in The International Law Partnership’s top ten. The company has drawn up this list based not only on location but also how to buy.

The International Law Partnership’s John Howell says that it is critical to think smarter at the moment, and vital ingredients of clever investing always include alternative investment methods such as distressed sales and repossessions, destinations that are timeless and will not lose their appeal, quality areas with reduced stock, and more adventurous destinations, such as Morocco property.

The top 10 investment destinations chosen by Mr Howell for this year are, in order of preference, Paris, Miami, London, Berlin, Spain, distressed property sales, repossessed properties, investing in builders, commercial Slovakian real estate and property in Morocco. According to Mr Howell, the kingdom is a romantic destination that appeals for a good many reasons, including that it has fine weather practically year-round, is close to the UK, and French is spoken there.

The government of Morocco is committed to improving the infrastructure of the country, and it has three separate investment markets, in Marrakech and on the Atlantic and Mediterranean coastlines. Accommodation in Morocco is being built quickly to keep up with the growing demand from overseas investors and local homebuyers alike, which has contributed to the rising prices and made the market far more attractive. Mr Howell says, “It is now more important than ever to take advice, think carefully about the reason behind the purchase and make sure you buy the right Morocco property at the right price and at the right time.”