Morocco: Gateway to Africa

Nestled at the top of the African mainland, Morocco boasts of a rich culture and dreamy images of Bedouin nomads leading camels on the desert, a colorful and vibrant market bazaar and tourists and merchants bartering animatedly. Another beautiful picture that comes to mind at the mention of the name Morocco is the sun-baked dusty houses set against a red-orange desert backdrop.

Tourism in the country has been seeing growth in the past few years, influenced by several factors. Vision 2010, a plan by Morocco’s King Mohammed VI, hopes to attract more tourists - ten million in fact - by 2010. This is not an impossible dream considering that the country is on a perfect location to offer an exotic holiday that is easy to access from mainland Europe with Morocco only fours away from Britain by plane. Also, only a narrow strip of sea separates Morocco from Spain. To make Morocco more accessible, there are plans of building a tunnel between the two countries.

“The Moroccan property boom has gathered pace,” says property consultant Mike Bridge in a Jet2Let magazine interview. According to Bridge, with property prices rising at about 15 per cent every year, one can acquire a house in Morocco for about a third to half of the price of an equivalent house in the south of France.

Investors are recommended to check out Marrakech where the majority of the tourism is centred. Certain areas of the city have been spruced up and improved to keep up with western ideals. The city has seen several installations of street lights and street paving. For as low as £25,000, a buyer can invest on a property that will need refurbishment. Jet2Let advises that refurbishment should not be too costly, with labour available for as low as £10 per hour and a favourable exchange rate on the pound againts the Moroccan dirham.

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Morocco: Gateway to Africa

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