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Fez – Morocco has appeared in the list of top six international markets for real estate investment in 2022, according to a note from global real estate investment expert Live and Invest Overseas (LIOS).
The North African country ranked fifth behind Panama, Colombia, Brazil, and Montenegro and before the Philippines.
LIOS explained that “these overseas destinations were chosen because they offer untapped and, in some cases, depressed real estate markets,” due to conditions in which the prices of real property are declining because of a lack of demand normally associated with a general economic slowdown.
Morocco’s untapped market is characterized by depressed property markets, beautiful beaches and weather, low crime rates, and a strong and diverse economy.
LIOS mentioned that Morocco receives direct flights from New York, Boston, Washington, and Miami, and is less than an hour and 40 minutes from Portugal.
Morocco is ideal for short- and long-term rental investments, as well as retirement, the website noted, citing the country’s natural beauty, fantastic beaches, and incredible gastronomy that distinguish cities like Marrakesh, Casablanca, and Agadir.
The North African country appeared in fifth place among the best investment destinations in 2022 in the Business Insider’s list.
According to Agility, a consultancy business, Morocco was ranked 20th on a list of 50 attractive rising investments in terms of logistics infrastructure.
Mohcine Jazouli, Minister Delegate in Charge of Investment, Convergence, and Evaluation of Public Policies, stated earlier in January that Morocco’s investment rate is among the highest in the world, accounting for 30% of GDP, compared to the global average of 20%.
Morocco’s investment focused on providing the country with a boost to advance in terms of infrastructure, including motorway networks, high-speed train (TGV) or the Tangier-Med port.
The projects revolved around strategic sectors to attract more foreign direct investment (FDI) and boosted the industrial structure in fast-growing industries.
