Property forums top choice for 2009 is Morocco

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16/01/09 | Property forums top choice for 2009 is Morocco: Property forums around the world have yielded a surprising winner in the ‘best places to consider investing’ for this year. Property in Morocco, it...Read more
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PROPERTY FORUMS TOP CHOICE FOR 2009 IS MOROCCO

Friday, 16 Jan 2009

Property forums around the world have yielded a surprising winner in the ‘best places to consider investing’ for this year. Property in Morocco, it turns out, is leading the market as a top investment destination, even though the markets for property in the US, Dubai and the UK have been in the headlines more often recently, with regards to the global financial crisis currently underway. In light of this, it’s easy to overlook the fact that some property markets are handling the slowdown far better than those that are newsworthy due to their poor health.

This week, a few were discussed in the forums, such as Brazil and Morocco, both of which are fairing better in the current hostile market conditions than some of the better-established real estate markets. Morocco property has the advantage over other emerging property markets because it is a European neighbour, with good air transport ties, predictable sunny weather and some marvellous seaside resorts along its Red Sea coast.

These resorts are becoming increasing popular, in particular the Morocco properties with cities and marinas, which are rising rapidly in the popularity stakes when it comes to short-term holiday destinations and, as a consequence, good places for all year long rental returns. In fact, one of the posters in the propertycommunity.com forum enthused about Marrakech and called it ‘a real economic powerhouse and rent yields can be good’, while others recommended property in Tangier.

The government backs most of the developers of property in Morocco and, as such, experienced investors consider them to be much safer prospects. In addition to this, the country has excellent tax laws, no inheritance or capital gains taxes and a low cost of living. All of these factors combine to make accommodation in Morocco an extremely attractive prospect for potential investors in 2009.