Rio Promotes Morocco Into the Property Premier League ; Manchester Utd's Rio Ferdinand Joins Fellow Stars and Buys a Villa for Pounds 500,000 in a Seaside Resort He Hasn't Visited Yet

Summary

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The decision of Rio Ferdinand and England team-mates John Terry and Gary Neville to buy villas in Morocco is the biggest vote of confidence for the country's overseas property market since it began encouraging UK buyers five years ago.

Ferdinand, 28, has paid approximately Pounds 500,000 about a month's wages for a five-bedroom, three-bathroom luxury villa with swimming pool in Saidia, a stretch of sand on the Mediterranean coast close to the border with Algeria.

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Rio Promotes Morocco Into the Property Premier League ; Manchester Utd's Rio Ferdinand Joins Fellow Stars and Buys a Villa for Pounds 500,000 in a Seaside Resort He Hasn't Visited Yet

John Terry is a neighbour and Gary Neville has also bought in the same enclave of only 60 villas, which surrounds a golf course.

Peckham-born Ferdinand, who has a fortune of Pounds 22million and is one of the richest under-30s in the country, has always been a fan of Morocco.

'I like Morocco, the people and the feel of the place,' he says. 'I've been to Marrakesh and Casablanca and really enjoyed the atmosphere, but f...

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