Archive for July, 2010

Marrakech Proven To Represent Outstanding Value

Monday, July 26th, 2010

Moroccan Property News: Marrakech. A new way of assessing the cost of holiday homes in different countries has been published in the Daily Telegraph, comparing the cost per square metre on a like-for-like basis in popular, easily accessible tourist destinations. This makes it easier to compare the inherent value in these sought after locations and Marrakech clearly represents outstanding value considering it popularly and the number of inbound flights from numerous countries.

Cheapest locations per square metre include:

· Marrakech £1,265
· Muscat, Oman £1,670
· Sarasota, Florida £2,470
· St Nevis, Caribbean £2,575

Most expensive locations per square metre:
· Monaco £44,400
· Courchevel, France £17,765
· Paris £10,210
· Manhattan £9,720

(more…)

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Morocco Sees 6 Percent Tourism Growth In 2010

Friday, July 9th, 2010

Morocco Property News: Morocco expects 9.4 million tourists this year, 6 percent higher than in 2009 but slightly below a target of 10 million set before recessions hit its major markets, the tourism minister has said.

Tourism is the biggest source of foreign currency for Morocco and despite the fact that global tourism contracted 4.3 percent last year and fell 6 percent in Europe (the origin of most of Morocco’s foreign visitors), Morocco has managed to keep visitor numbers growing by 6.5 percent.

“Achieving 94 percent of our (2010) goal, bearing in mind that we just went through one of the biggest global crises in a century, is a very satisfying result,” Tourism Minister Yassir Znagui told reporters late on Monday. Znagui said the number of visitors rebounded by 16 percent in the first three months of 2010 to 1.72 million, night stays grew by 7 percent to 3.7 million and tourism income grew by 12 percent to 10.2 billion Dirhams (about 900 million Euros). (more…)

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Moroccan Economy Saved Itself From Crisis, Says IMF

Friday, July 9th, 2010

Moroccan Property News: Morocco has suffered little from the global economic crisis due to an economy that is diversified and the rising information technology sector in the country, the International Monetary Fund Managing Director Dominique Strauss-Kahn said Wednesday.

“Countries with diversified economies, such as Morocco, have better resisted (the global financial crisis) and could have a strong rate of growth,” Strauss-Kahn said in an interview published on Wednesday by the Egyptian newspaper Al Ahram Hebdo. (more…)

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