Morocco's emergence as a hot property destination for overseas property investors was massively stunted by the credit crunch but its economy has remained strong with masses of growth potential.
Development has continued apace, and though there hasn't been much in the way of new developments being launched, this is actually of benefit because many of the developments started during the boom are now nearing completion.
"The properties in Morocco that were launched last year are now nearing completion, the properties are being bought as seen, but sold at off plan prices," said Julie Liddle, an emerging markets analyst with overseas property portal Property Abroad.
Morocco exploded onto the luxury international real estate scene with swanky luxury off plan resort developments, with multi-million dollar marinas and big name golf courses giving it the recognised emerging market stamp of approval.
Though the international downturn has left many people apprehensive about overseas property investment, many with good business brains can still see that really good opportunities exist.
For instance Property Abroad is currently marketing a resale 1 bedroom house on the Moroccan coast near Asilah for under £14,000, and another 1 bedroom house a little further inland for under £17,000.
"That kind of deal is not uncommon in places like Morocco, where the luxury off plan developments are priced high because of their prestige, ordinary property in the country, perhaps away from the cities can be found for a fraction of the price," said Property Abroad director Les Calvert.
Morocco's Economy Is Strong???
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