Morocco burgeoning post credit crunch
The Moroccan economy is burgeoning, it has been claimed.
British holidaymakers searching for Africa overland trips might be tempted to visit Morocco, after praise was lavished upon the country by foreign property experts M2Morocco.com.
The firm claimed that there has been steady growth in the Moroccan market over the past few years and the demand for housing both from locals and foreigners has helped boost the country's economy.
Holidaymakers taking adventure tours in the north African nation might find the holiday rentals market burgeoning and could be wise to use a specialist operator to ensure they get a good deal when it comes to accommodation between their intrepid experiences.
"The rental market in the main cities is now starting to mature, with more professional agents and management companies appearing to give investors peace of mind," explained M2Morocco.com director Nik Kapur.
"Average yields are far higher than can be found in most developed countries and there is a strong demand for holiday lettings in tourist hotspots like Marrakech."
He noted that while other nations have struggled in the aftermath of the credit crunch and global financial crisis, Morocco has been fairly safe.
"The Moroccan economy has been largely insulated from the ongoing turmoil in global markets and continues to grow year on year," the expert added.
Mr Kapur did note that there has been a slowdown in certain sections of the property industry, such as the beach and golf resort markets.
"Thankfully, overseas buyers still make up only a small amount of the overall market and there is still a strong local demand for property in the main cities, especially at the low to mid-end of the price ladder."
The city of Marrakech is often described as a piece of living history and visitors are regularly impressed with its intriguing bazaars, traditional charm and historic buildings.
Adventurous travellers visiting the capital might also enjoy tours of the surrounding country or a trip to the famous Casablanca.
