Morocco – A footballer’s heaven?

Morocco, famed for it’s fantastic climate, low house prices and wealth of culture, is becoming an attractive place to buy property for foreign investors. Ever since “Vision 2010” was launched in 2001, interest in Moroccan property has soared. The Vision is hoping to bring many tourists to the area and over $4 billion has been invested in the country’s infrastructure to aid this.

The country is becoming more accessible thanks to low-cost airlines, and as the tourism increases, so do the potential revenues from property investment. According to recent figures, Morocco’s economy increased by 8.1% in 2006, much of which is thanks to the burgeoning real estate trade.

The appeal of Moroccon property is far reachin with captain of the England football team, John Terry, recently buying a pad in the country. He has bought a three-bed house in the exclusive Le Jardin de Fleur in Saidia on the Mediterranean coast. When asked why he chose Morocco, Terry explained, “The weather appealed to me, as did the short flight time. When you are looking for a holiday home, some places can be four or five hours away – too far! Morocco can be reached in just two and a half hours which is ideal for me.

“The country is also full of great beaches and swimming pools and the fact the villa is in a gated community really appeals as this gives security for my family…It’s not about throwing my money at any old property – this is an investment for my pension and retirement.”

And it seems it isn’t just John Terry who is attracted to the area. Other British footballers who have bought in Morocco recently include Gary Neville, Phil Neville, Rio Ferdinand and a number of Chelsea players.

If you don’t have the budget to equal these footballers, there are plenty of cheaper properties on the market. On Le Village de Sport development, there are townhouses and villas for sale at reasonable prices – a townhouse will set you back about £160,000 and a villa is anything from £260,000 upwards.

Given the influx of tourism that is expected and the immense investment that is happening throughout the country, it looks like Morocco could be an excellent place to buy for future returns.

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