December 31, 2004
Morocco: an investment spot
Morocco, along other east European countries such Bulgaria and Romania, is competing for the top tourist and property spot occupied by Spain. What has made Spain a hit in the real estate market is the fact that its warm weather is a magnet for Europeans residing in countries where the sun and shine does not happen that often. Regardless of that, Spain is already experiencing saturation in its property market.
Enter Bulgaria, Romania and Morocco. Emerging properties in the industry. Property experts say that Bulgaria’s ski resorts are beginning to be competitive as hotel occupancies in snow-capped locations have increased by 40%. If Spain is the option for the warm and sunny season, Bulgaria is not far behind in covering the winter season occupancy. The same is true for Romania.
Posted on: Morocco
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