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Follow on Google News | Morocco Property: Potential for Double Digit Annual GrowthThe Moroccan economy really is a shining beacon in a world of gloom, with growth forecasts of over 5% from a number of trusted organisations including the African Development Bank and the International Monetary Fund.
By: Les Calvert Morocco became a favourite with overseas property investors last year and prices grew rapidly, but there is still a lot of growth to come, according to Les Calvert, director of overseas property portal Property Abroad.com. "Morocco property shot up in value from mid-2007 till the end of the third quarter of last year. This still left prices comparatively very low compared to the world's developed market, and plenty of growth potential in reserve. With Morocco's current economic performance, even without foreign buyer's the internal housing market is still seeing growth. So people shouldn't expect to get a bargain, but if they want a high return investment Morocco should definitely be on their shortlist," he said. "Price growth will accelerate once again, possibly even starting from the last quarter of this year, as there are figures to suggest pent up demand for overseas property, but definitely from the middle of next year. We're talking about 15-30% growth per year," he added. Property Abroad is currently advertising dozens of properties for sale in Morocco, prices start from around £20k. About Property Abroad Property Abroad is rapidly growing into one of the best known, trusted and most successful overseas property portals in the U.K. With a slick dynamic site and very reasonable rates Property Abroad currently has among the most extensive worldwide property listings on the net. To find out more contact Les Calvert or the team at: info@property- Property Abroad LTD 182 York Road Hartlepool TS26 9EA www.property- # # # Overseas property portal with more than 70,000 properties for sale direct from agents, developers and private sellers across the world. Buyers guides, maps, country guides, articles and useful information on buying a property abroad. End
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