Morocco has always been a desirable tourist destination due to its exotic culture and desirable
location just to the south of Western Europe. Morocco now attracts high quality tourism with many world class 5-star hotels and resorts. In addition its favourable geopolitical location is being keenly exploited by the Moroccan Government to incentivise economic growth and foreign investment.
At the same time, whilst the European Union is currently experiencing some of the slowest growth rates since World War II, Morocco has enjoyed 7 per cent growth rates for a number of years and benefits from predicted growth of higher than 5 per cent until the end of the decade.
Morocco has been developing strongly and consistently in all sectors, with a particular focus on attracting foreign tourism and investment. His Majesty King Mohammed VI has, in recent times, headed dozens of major initiatives to increase the size durability of Morocco’s economy. Vast amounts of money have been spent on developing infrastructure and public services, and much focus and effort has been afforded to the tourism industry in order to consolidate classic Moroccan tourist destinations and create new tourist centres.
Morocco is a fascinating holiday destination. But it has plenty to offer the property investor and second home buyer.