'Morocco could be new Spain' for property

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'Morocco could be new Spain' for property

Tue 14th Nov 2006

Morocco's offerings of sun, sea and sand, as well as the country's cheap property prices are attracting an increasing number of British holiday home buyers says Spanish Living, an internet company providing information on Spain.

Although Morocco is exciting a lot of interest from those wishing to take advantage of cheaper property, Ailse MacFarlane, marketing director of Spanish Living, stated that a culture clash could open up as Morocco is predominantly a Muslim country.

Furthermore, findings from Conti Financial Services show that more Brits are selling up in Spain to move back to the UK and Ms McFarlane remarked that of those buying in Spain, it is cheaper property that is attracting attention.

Ms MacFarlane said: "Within the Spanish Living Group we're actually starting to look at property around the world and we've noticed an awful lot of British buyers interested in very cheap property in Germany and also Morocco.

"Our chief [executive] went to Morocco last week and what he said to me was that Morocco is how the south of Spain was ten years ago. So you can get apartments from about €15,000 to €20,000 (£10,140 - £13,520)."

Factors associated with the decline in demand for Spanish homes by Brits are high-profile instances of corruption and an influx of many Brits that some believe is diluting the local culture.

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