Moroccan Property & Real Estate Investment
According to the Financial Times, “Morocco is experiencing a booming property market, offering a competitive property investment opportunity”.
Property Morocco Offering Excellent Capital GrowthOne of the key attractions to the Moroccan property market is the competitive real estate prices – around half the price of European hotspots such as Spain, France, and Italy. Moroccan property constructed particular in and around 4 & 5 star resorts are expected to be generating excellent rental yields for investors, with occupancy rates already as high as 85% in the high season and with more tourists arriving every year. The general consensus is that capital growth will also rise in line with increased tourist demand, with Homes Overseas Magazine estimating the rise could be as high as 30%. Strong Economic Performance & Growth in TourismMorocco’s strong economic performance clearly demonstrates that the economic and structural reforms undertaken since the mid-1990s are working well. Moroccan tourism has been growing steadily since the turn of the century, with visitor numbers standing at 6.5 million in 2006, a rise of 12% on the previous year. The tourist industry received a major boost in January 2006, with the introduction of an ‘open skies’ policy. Investment HotspotsSome first class Morocco property for sale can be found in Saidia, Marrakech, Rabat, Tangier and Agadir |
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Morocco - A Fast Expanding Real Estate MarketMoroccan investment property is currently one of the world's fastest-expanding real estate markets. Morocco land and property is a prime choice for international investors. Those planning to invest in Morocco real estate can expect high capital increases and strong rental return. The relatively low cost of property in Morocco in general makes buying property in Morocco a very attractive option for investors and overseas holiday home buyers. The Moroccan Property MarketThe Moroccan real estate market offers significant benefits to investors. The property market Morocco is buoyant, and relatively transparent. A comprehensive legal framework underpins both the Moroccan property purchase process and rules of property ownership, and ensures security for investors. This combination of performance and security makes the Moroccan real estate market highly attractive to overseas property investors, an estimated 1.5 million of whom are expected to purchase property in Morocco in the next five years. See also Morocco Property Investment. | |
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Property in Morocco: "One Of The most sought after property investment opportunity of 2008"
Buying Property in Morocco is becoming more and more popular with all types of international property investors and holiday home buyers. All the off plan property developments in Morocco that we recommend form part of projects aimed at the high end of the market and come complete with outstanding features and facilities.
Morocco property hot spots are already attracting large numbers of property investors as it is well expected that the value of property in Morocco is to increase sharply once Morocco becomes a fully-fledged holiday destination.
Real Estate in Morocco is a promising emerging market and a huge influx of property investors to the area is living proof of this. International investors are keen to invest in Morocco property today, as prices are still low.
Conservative estimates of 15% growth per annum for the next 5 years and double digit yields are a real possibility.
Vision 2010 and Plan Azur
The new King Mohammed VI has launched a multi-billion dollar initiative, Vision 2010 and Plan Azur. The Vision 2010 plan / Plan Azur have designated 6 major developments of five star resorts. All 6 locations will benefit from advanced infrastructure both outside and within the resorts including easy access to and from ports and airports.
Plan Azur includes an Open Skies Initiative allowing budget package airlines to extend their services to Moroccan airports. This will result in ever increasing number of tourists. Low cost, direct flights are already available from most major cities in Europe.
All this means that Morocco property offers fantastic investment opportunities with excellent buy-to-let options and high rental occupancies.
Popular Tourist Destination
Moroccan tourism has been growing steadily since the turn of the century, with visitor numbers standing at 6.5 million in 2006, a rise of 12% on the previous year.
With a new ‘open skies’ policy bringing in low-cost flights, a €2.2 billion government investment in infrastructure and a growing reputation as a playground for the rich and famous, Morocco is on course to almost double tourist numbers by 2010, presenting an excellent opportunity for overseas property investors.
A Buy to Let & Buy to Sell Market
In summary, with a rapidly growing tourist industry, backed by solid investment in infrastructure and boosted by new low-cost flights, Morocco has much to offer as an investment prospect for both buy-to-let and buy-to-sell investors.
Steady Capital Appreciation
For properly investors looking to invest in an established market Morocco will continue to provide the opportunity to take advantage of a steady capital appreciation. Morocco' economy enjoys a sustained annual growth in GDP and has outperformed EU average growth, including that of the UK, France and Germany. Read Moroccan Economy Indicators.
Mortgages in Morocco
There are built in mortgages in place for investors in Moroccan property. It is possible when purchasing a Moroccan property to borrow up to 70% of the value of the Moroccan property for a duration of up to 15 years from a Moroccan bank. The interest rate (Feb. 06) is at 5.5%.
Due Diligence
Fair Deal Morocco is designed to assist investors due diligence on the Moroccan property market and to make available a vast amount of information, allowing them to make educated decisions about where and which Moroccan property to purchase and to generate the type of returns they desire within the required timescale.
Morocco Property News
Telegraph.co.uk, United Kingdom -Jung 13, 2008
Tangier is one of six Moroccan locations identified by the government to boost visitors from six million annually to 10m by 2011. There will be 600 miles of ...
Economist, UK -July 10, 2008
The recent strength of the euro against the dollar should help too. Safran, a French aeronautical firm, is directing investment to Morocco to escape the pain of the strong euro..
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Majid Benchekroun
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