I am not so how sure how safe Morocco acutually is. There has been a surge in radical Islam in the Arab states. This has placed a solid threat on even powerhouse governments like Egypt. In fact the UK investors who are buying like crazy in countries like Egypt, Morocco and the like may see their investment go up in smoke. Solid investments in the Middle East would be Israel (Eilat, Tel-Aviv and Netanya) and Turkey. The Israeli property market is being swamped by the French. Tiberias may be the best investment as properties prices have been trashed to below cost of build due to a poor local economy. A recent influx of industry and government aid may see prices rise soon. Also prices in the city of Elad have risen by some 20 percent in recent months with a major demand and housing shortage -- prices in Elad are expected to rise another 25 percent by mid-2008.
Israel is probably a better investment than Turkey due to its stable democracy and strong economy. This is while Turkey tends to undergo a military coup every four to six years. Yet, the military is secular and allows democracy to return relatively quickly.
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