Buying retirement property in Morocco could become easier due to a new home insurance initiative, one expert has claimed.
Moroccan property boosted by insurance deal
Expatriate insurance provider HiFX has teamed up with Norwich Union to offer home insurance to Britons living in Morocco.
This will boost interest from people looking to retire to the sun and increase consumer confidence in moving to the country, property investment website Amberlamb has claimed.
"HiFX are now offering a unique level of property-based insurance for all those buyers from around the world who are purchasing a holiday home, retirement home or who are investing in real estate for rental returns and/or capital appreciation potential in Morocco," the site explained.
Research carried out by HiFX earlier this year revealed that retirees are becoming more adventurous when moving abroad and looking for property in exotic destinations.
Enquiries about property in the north African country accounted for one per cent of all the firms business in 2006, with Turkey and Dubai also proving popular.