Morocco market motors on

Tue 19th Dec, 13:30:10 GMT
With the English & Irish now rubbing shoulders with the ever growing number of French & Spanish buying property in Morocco, the North Africa hotspot is set for a busy 2007, reports Property Borders...

Moroccan specialists Property Borders report on the current state of the Moroccan property market. The French seem to be concentrating on the South of Morocco while the Spanish buyers of Moroccan property are staying closer to their Spanish homeland and concentrating on Northern Morocco especially the emerging property areas of fashionable Tangiers, Asilah and now Larache.

Tangiers is enjoying a complete facelift with the creative former mayor of Marrakech Mohamed Hassad bringing the experience of Marrakech with him. With new marina's planned for the area, 5 star luxury hotels, top class beachfront residential developments, trendy exclusive restaurants & nightclubs popping up everywhere, Tangiers dreams of reverting to its former past glory when it was one of the most fashionable resorts on the Mediterranean are within reach.

With the British now joining the race and the planned future tunnel linking Tangier with Spain the time for investment is now, says Property Borders. Mustapha Mezouri, a director at Property Borders said, "This year we have seen the market expand in the UK and overseas with buyers contacting us from as far afield as South America. We have also sold property to clients from China, America and Australia. As an Arabic/English speaking agency we have had much interest from Middle Eastern countries that are aware of the property boom in Morocco and have followed their respective governments who are heavily investing their oil wealth in this emerging nation."