Morocco Property
Why Invest in Moroccan Property
Morocco has been in the list of top 10 countries to look out for in terms of property investment in British property investment magazines for the past couple of years. The truth is that the property boom started in Morocco in 2000. Moroccan property prices have been rising over the past 7 years, and with the country undergoing major infrastructure developments, there are no signs of slowing down. Unlike developed economies where property booms tend to arise as a result of low interest rates and speculations, property booms in developing countries such as Morocco tend to be much more stable due to certain economic factors such as the rate of growth of the economy. As far as the Moroccan property market is concerned, in addition to the fact that it is currently experiencing major developments and the emergence of a middle-class, the demand for holiday homes in Morocco has played a vital role in the growth of the Moroccan property market.
Morocco Property Prices
Morocco property prices are about 30%- 40% cheaper than property in Spain or Dubai. With many developments still selling off-plan, Morocco property prices are expected to increase by 20% annually in many parts of the country. Add to this the popularity of Morocco as a holiday destination, with rental returns at an average of 10%-12% annually.
Morocco Villas for Sale
There are numerous developments through out Morocco offering villas for sale. The majority of these villas for sale in Morocco are still off-plan but there are many villa developments that are on the verge of being completed within the coming months. Buying a villa in Morocco is a dream come true for anyone looking for an exotic location so close to Europe. Villas for sale in Morocco range from £100,000 to millions of pounds depending on the location, the specifications and size. Villas for sale in Morocco tend to be on the outer edges of the city, in quiet middle class neighbourhoods. In terms of style there are what are typical Moroccan style villas and European style villas for sale in Morocco.
Morocco Apartments for Sale
The majority of apartments for sale in Morocco are in the new cities or ‘Ville Nouvelle’ in French. Sensible planning laws within Moroccan cities such as a maximum of five floors per apartment block, and the provision of underground parking has meant that many apartments for sale in Morocco are in high quality and nicely designed buildings.
Morocco Holiday Homes for Sale
For those that enjoy sunny days on their holiday then a holiday home in Morocco is a perfect buy given that it is sunny here all year round. There are a number of holiday homes for sale in Morocco that have a swimming pool. Morocco holiday homes for sale are also a good investment, as they can be let when you are not using them to generate a good general income.
Property in Marrakech
With over 350 days of sun per year, and only 3 hours flight from London, interest in Marrakech Property is on the rise. Ever since no-frills airlines started flying into Marrakech, investors have realised the importance of Marrakech Property for both investment and as holiday homes. There are tens of Villa and Apartment developments throughout the Marrakech area, and the majority of them are still off-plan, and are due to increase in value dramatically as the demand for Marrakech Property continues to rise.
Marrakech Villas for Sale
Many villas for sale in Marrakech have been built to imitate the architecture of a traditional riad in Marrakech, with a court-yard and a fountain. With over 300 days of sun, a perfect Marrakech Villa for sale is one that has a swimming pool that can be enjoyed. Many villas in Marrakech for sale are near golf courses and views of the beautiful Atlas Mountains. Some villas for sale have quite a large garden and even football pitches and other recreational activities such as table tennis and pool tables.
Marrakech Apartments for Sale
The market for holiday apartments in Marrakech for sale is a well established one. The majority of apartments for sale in Marrakech are in the Gueliz or Hivernage areas of Marrakech. The majority of these Marrakech apartments tend to be in buildings that have a swimming pool. Most of the time, the swimming pool is external, but there are a number of apartments for sale in Marrakech in buildings with internal, heated pools, and in some cases these buildings also have a gym and a hammam. Prices of Marrakech apartments for sale vary from 13,000 MAD per m2 to 35,000 MAD per m2.
Marrakech Holiday Homes for Sale
For those that enjoy sunny days on their holiday then a holiday home in Marrakech is a perfect buy given that it is sunny here all year round. There are a number of holiday homes for sale in Marrakech that have a swimming pool. Marrakech holiday homes for sale are also a good investment, as they can be let when you are not using them to generate a good general income.
Tangier Villas and Apartments for Sale
It could be said that the property market in Tangier has been the most to benefit from Morocco’s property boom. Tangier was for many years a neglected city, despite it’s close proximity to Europe and it’s strategic location on the straits of Gibraltar. Today villas and apartments for sale in Tangier are on par with Marrakech property. Demand for villas in Tangier was largely from Expatriate Moroccans. Today demand for Villas and Apartments in Tangier is international but namely European. Villas in Tangier remain a good investment, with Tangier property prices rising at around 20% annually. Property in Tangier tend to have a special architecture. Tangier Villas tend to be white with green roofs, this is the traditional design that Tangier inherited from Andalusia. Apartments for sale in Tangier along the corniche though, tend to be much more modern. The newly built apartments for sale along Tangiers sea-front have floor-to-ceiling windows and modern interiors.
Morocco Off-Plan Villas, Apartments and Holiday Homes for Sale
Grand property development projects are underway throughout Morocco, with a large selection and variety of off-plan villas, off-plan apartments and off-plan holiday homes for sale in Morocco. Take for example the development called ‘Amwaj’ near Rabat the capital of Morocco. Here there are plans for a multi-million dollar project incorporating cinemas, shopping malls as well as off-plan apartments for sale near the river banks and off-plan villas for sale in Morocco.
