Investors shun traditional European markets
Tourists and overseas property buyers in the UK are increasingly looking towards more distant and exotic locations.
This is the conclusion of NuBricks.com, which said factors such as the strong euro are making traditional Mediterranean hotspots less appealing to leisure travellers.
According to the website, the fact that other locations are more affordable as a result has prompted many people to branch out and head further afield.
Chintan Mahida, property specialist at NuBricks.com, remarked: "The current pound to euro is encouraging holidaymakers to question their traditional Mediterranean choices and try something else."
She said this is leading to parts of countries such as Morocco becoming fully fledged resort destinations in their own right.
This, she added, is leading to greater demand for property in these areas.
The comments come after Jo Sinnott, a presenter on Real Estate TV, told Property Wire that investors may be able to get healthy returns in the Moroccan market.
Visit our off-plan property Morocco page.
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