'Remarkable' Morocco praised by IMF on its economic progress

Morocco has recently being referred to as ‘remarkable’ by the International Monetary Fund (IMF) in recognition of its economic progress over the last year.

Rob Shaw, Marketing and Operations Manager for Morocco Properties says, “The level of success that Morocco has achieved over the last year has been phenomenal and I am not all surprised by these latest rewarding comments from the IMF. Morocco’s diversification from traditional industries has been the key, but also its determination to combat inflation and to encourage overseas investment, have resulted in this ‘remarkable’ turn around. Morocco until recent years was off the radar for most people looking to invest into the overseas property market. However new government backed initiatives have transformed the country and Morocco is now a contender for one of the most successful emerging markets to date.”

Rob continues, “Proof of the extraordinary success of Morocco can also be seen by the success of Atlas Blue Airline a subsidiary of Royal Air Maroc, which is expected to announce an increase in passengers to the tune of 80% compared to last year. Morocco is developing at a tremendous rate and with its close proximity to Europe, investors are aplenty.”

Morocco Properties Ltd is now marketing Villas Du Soleil, a new Le Jardin De Fleur resort within the magnificent Government backed project, Mediterrania Saïdia. This unique gated development will provide 76 spacious, modern villas, with private swimming pools, set in large landscape plots. Built to a traditional design, inspired by a luxury Bedouin theme, they will provide premier accommodation, with an al fresco dining area, en suite bathrooms, fully fitted kitchens, luxury furniture, marble floors, satellite TV and air conditioning.

At walking distance from the beach and front line to one of three championship golf courses, there will be outstanding views on offer. The resort will also boast a lagoon style swimming pool, tennis courts, gymnasium, children’s area and a clubhouse incorporating a restaurant, bar, 24 hour reception and security. Each owner will also receive a ‘club card’ which will enable them to access all of the other facilities within Le Jardin De Fleur’s 11 resorts.

Prices start from just £223,000 at this off plan stage, with expected high capital appreciation by completion in 2010 and owners have the opportunity of a superb rental income by the in house management team.

For more information, visit moroccoproperties.net.