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Morocco's 'unprecedented growth'

Morocco's tourism and property sectors continue to go from strength to strength.

Most recently, the National Tourism Observatory revealed that between January and May 2008, the country attracted 2.5 million people - 11 per cent more than in the same period of 2007.

This means that owners of rental accommodation in tourism hotspots such as Fez and Marrakesh will now be seeing greater demand than ever.

Growing infrastructure

Today Morocco is seeing unprecedented growth, both in its infrastructure and visitor numbers. Indeed, the World Travel & Tourism Council predicts the country's tourism will continue growing at a rate of 4% per annum, in real terms, between 2008 and 2017.

Much of Morocco's strong performance in recent times has been attributed to increased foreign investment.  The country has been particularly successful at attracting FDI from Gulf Cooperation Council (GCC) countries, such as the United Arab Emirates and Qatar. 

A number of mega projects, part of the Vision 2010, are due to come into fruition within the next 5 to10 years and now, according to the UNWTO, "Efforts are being made to ensure that airline capacity into the country, including low cost airline services, increases in line with the growth in accommodation.

Sense of security

Sara Romera, product analyst at propertyshowrooms.com, explains why the country is becoming so tantalizing: "Morocco is still a unique location for property investors and offers the opportunity to purchase property early in an emerging market at very favorable prices.

"What is unique about the market for property in Morocco is the sense of security for investors: with tourism already improving at a fast rate and buy-to-let investors reporting 85% occupancy rates in prime locations during the high season, Morocco offers a strong arena in which to invest in property".