International property tips for 2007 revealed.According to the London Stock Exchange website Morocco is one of the countries that can expect a surge in property investment in 2007. Other areas like Istanbul, Panama City, Jersey and Slovakia have also been named as "property hotspots" for property investors in 2007 by a property investment company.
Istanbul has been cited by escapes2.com as one area to watch for 2007 because of the high levels of migration and the fact that young people are increasingly looking to buy their own homes.
Jersey's "strong" rental market, bolstered by changes to employment laws in the area, are also likely to provide investors with strong returns, while Panama is starting to attract European investors as the canal is set to be widened, providing a further boost to the economy and property markets in the area.
Adrian McDermott, managing director for escapes2.com, remarked: "For 2006 we predicted areas such as Cape Verde and Morocco would be popular with overseas property investors." He added that this would still be the case, thanks to expanding air routes to these places, but that other markets could achieve "good levels of capital growth in 2007 and beyond".
Morocco has recently signed airline agreements that have opened the country up to a flood of visitors - many of them potential investors.
Last week, a report from the Worldwide Property Investment club revealed that many people have been seeking property abroad in order to diversify away from equity plans, individual savings accounts and pensions.
Tags: Moroccan Morocco Fes, Maghreb news
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