The Moroccan economy is proving resilient

Morocco: an inviting home for your investment

With most major economies around the world in the doldrums, investors might be wondering where to find an attractive overseas property market, or whether such a thing still exists at all.  The answer is that it does still exist, and it’s not as far flung as you might imagine.  Easily accessible from the UK, the kingdom of Morocco is matching investors’ expectations with a steady economy and healthy property market.

Over the last five years, a programme of government-led reforms has strengthened the country’s economic position and allowed it to sail through the global financial crisis relatively unscathed.  The government’s strategy is to steer the economy away from its dependence on agriculture to create jobs and find new engines of growth.  Investment in infrastructure, real estate and tourism has diversified the economy, while policies to control prices have restricted inflation.  Foreign direct investment has escalated, encouraging Moroccans to buy into their own market – an estimated 80 per cent of remittances from expatriate Moroccan workers now goes into property.

If you ask Moroccans themselves, they’ll tell you about their increased confidence in the economy.  The country is politically stable, the financial system is comparatively robust and businessmen are optimistic about the regulatory structure.  In the midst of 2008’s financial crisis, even the World Bank complimented ‘the very great resilience of the Moroccan economy in the context of international turmoil.’

For overseas property investors, this means attractive conditions combined with a wide range of inviting investment opportunities, thanks to the Moroccan government’s development programme.  For British buyers, there’s the added advantage of a favourable exchange rate, giving sterling real buying power. 

Morocco positively welcomes foreign visitors and investors.  Its fascinating culture and pleasant climate combine with an impressive political and economic record to make Morocco a most appealing overseas property market.

Posted March 2009

Property Venture^® is an independent, UK-based agent. We help time-strapped investors and holiday home buyers, buy abroad by guiding through the buying process, so reducing the hassle. Overseas members of NAEA. This means we have been subjected to the membership criteria and have signed up to follow the professional Code of Conduct established to help you, the potential buyer or investor, to buy property with confidence.  

Copyright Property Venture^® 2009