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Brits going mad for Morocco?

Thursday, July 03, 2008

Holiday homes in Morocco could be in-demand amongst Brits this summer.

According to the Association of Independent Tour Operators (AITO), the strength of the pound against the euro is directly impacting on the travel industry.

Derek Moore, chairman of AITO commented: “Britons are shunning the most expensive European countries in favour of cheaper alternatives, including Morocco. This means that owners of rental accommodation in tourist hotspots such as Marrakesh will find their services are in high demand.

”The current financial situation will result in the North African nation becoming more and more popular with holidaymakers. Consequently, there will be an increasing number opting for countries on the edge of the eurozone like Morocco."

According to a survey conducted by property investment magazine Jet-to-Let, Morocco is the sixth most popular country for prospective foreign property investors in 2008. This is a drop of two places from 2007’s survey, but being in the top 10 for two years running is still a laudable achievement for Morocco