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Marrakech 'a top choice' for property investment

Investors considering purchasing a property in Morocco have been advised to focus their attention on the country's cities, with Marrakech in particular singled out.


Nik Kapur, consultant at M2Morocco Real Estate, explained that the reason why Marrakech is such a good option is because it is the most popular destination for tourists in the country.


He added: "We expect growth [in Marrakech] to continue as a new airport terminal opens there next year."


Marrakech received a further boost as a tourist destination earlier this year, when British Airways doubled the number of direct flights it offers to the city each week from three to six.


Another factor that may encourage British buyers to consider buying a home in the nation is the favourable exchange rate between sterling and the Moroccan dirham.


Mr Kapur stated that city centre flats are one of the best investments, as there is "strong demand for both long and short-term rentals, with potential for good rental yields and future capital growth" in this asset class.