Hartlepool, United Kingdom (PressExposure) July 09, 2009 -- Morocco is positively vibrant, as it rapidly grows into one of the hottest destinations for tourism and property investment.
As emerging markets go, Morocco is emerging as fast as any of them. Even as most of the world, emerging market and established fall into recession, Morocco's economy is forecast to grow by over 4% this year, and the same again next year.
In terms of overseas property investment, internationally marketed properties in the country tend to be swanky new and luxury off plan developments that began springing up in 2007, though some of the early developments are now completed.
This gives investors the chance to get a real bargain. Off plan property comes at a discounted price, because of the risk-factor from buying a property that doesn't yet exist. This is especially true in emerging markets like Morocco.
So, you can buy a property in Morocco for a lot less than its market value, which gives you instant equity, and the chance to make an immediate profit, should you so choose when the property is completed.
If you have focussed on the word risk out of the sentences above, then focus instead on the words:
due-diligence. You can minimise the risk of an off plan purchase by doing the proper research, most important is to find out how the development is being financed, if it is being paid for by the money from off plan purchases leave it alone, but if the funds are in place before work starts then it is a fairly safe and potentially very lucrative bet.