Ask any overseas property investor to pick their top five property investment hotspots, and it is likely that Morocco will come up in that list every time. This North African country is experiencing a major image change, and overseas property investors have been hot on its tail. Morocco is ranked as the fifth largest economic power in Africa after South Africa, Algeria, Egypt and Nigeria. The current monarch, King Mohammed VI, has made tourism his number one priority and launched the Vision 2010 program that is also backed by the UAE government. A country full of life and colour, probably the best thing about Morocco is its people - very hard working, determined and positive. In the 19th century, the French and Spanish controlled large parts of Morocco, but in March 1956 they signed an agreement granting the country full independence.
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What makes Morocco property such an attractive investment is the relatively inexpensive cost of buying real estate in a burgeoning market. The current King Mohammed VI is heading an enthusiastic initiative to boost Morocco’s economy and attractiveness to foreign tourists and investors by pouring billions of dollars into initiatives that are meant to reinforce every sector of the country.
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