Competition mounts in Euro property market

The European market is facing increased competition from new values of some "hot spots" in other parts of the world.

International Herald Tribune reports that countries in Africa and South America attracted a higher level of interest from foreign investors' Morocco property rights.

It states their ability to demand the combination of sun, sea and sand, as well as easy access to major cities helps them to rival their European counterparts.

Morocco property, in particular, proved popular and quickly catch up on the likes of Spain and Portugal as the top choice for foreign investment property.

Relatively low prices for most attractive to buyers and increase the number of tourists visiting the country is fuelling demand for rental housing, which means opportunities for buying, that investors in abundance.

Tourism is the country is expected to give further impetus through the Moroccan Government Vision 2010 tourism strategy which aims to raise visitor to five times compared with 2002 levels.