Marrakech No. 1 Tourist Destination in Morocco

Posted on: December 19, 2007

Written by Select Property

The colourful city of Marrakech is receiving increasing attention as Morocco's tourism levels and economy are soaring.

Marrakech is Morocco’s third largest city and the No. 1 holiday hotspot. It is known as the ‘entertainment capital’ of Morocco and its popularity is due to its desert heat, rose-red Medina (a historical city), boutiques and lavish palaces. Investment is being ploughed into its infrastructure with a new train station, high-speed train links and construction of a new airport terminal.

Morocco's economy and GDP rose by 8.1% in 2006 (compared with 2.4% in 2005). King Mohammed VI has changed the laws, allowing foreign investors to take proceeds of property sales out of the country. In Marrakech there are a lot of upmarket developments under construction. In some areas, property prices have risen by about 50% in the past few years.

Morocco Property News