Real estate sector boosts Moroccan economy
The growth of foreign investment in the Moroccan real estate sector is helping to boost the country's economy, analysts have stated.
According to Amberlamb, the property market is a very significant contributor to Morocco's gross domestic product.
The sector's emergence as an important driver of economic growth has been partly attributed to efforts to boost tourism in the country.
Morocco's government is currently aiming to increase annual visitor numbers from 7.4 million last year to 10 million in 2010.
This has resulted in the creation of a number of new resorts across the nation, which include potentially lucrative investment properties.
Amberlamb commented: "This should all be music to the ears of investors looking into where they can find pockets of property potential with long-term backing for market successes and desirability."
This comes after NuWireInvestor recommended that prospective investors consider entering the market before it peaks, as the rising demand is likely to push up property values.
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