International Property Forum / Investment Hotspots / Moroccan Property Forum

VAT?

roger — Fri, 26 Sep 2008 12:35:27 GMT

Can somebody please explain to me what is the deal with VAT on purchases of property in Morocco? I have read the most conflicting and confusing explanations

Many thanks!

Roger

Sunset Apartments Fez

moroccandreamproperty — Sun, 15 Jun 2008 15:58:47 GMT

These 1,2 or 3 bedroom apartments are located only a few minutes outside of the Historical Imperial City of Fez.

Great value for money! apartments start from only 37,387 euros for a 1 bedroom apartment.
With 2 communal swimming pools, fantastic views of the surrounding mountains and views of the old medina what more could you want!

Within easy reach of the royal golf course, tennis clubs and equestrian centres.
Only half an hour drive to the Thermal Spa of Sidi Harazem, its water is known for its healing properties. Closeby is the middle atlas ski resort of Ifrane, only an hours drive!

Only 20 minutes from Fez international airport with budget airlines Ryanair, Royal air maroc and Air France.

Completion due July 2008

Price increase due August 2008

Half have already sold!!

Free viewing trips available during June and July 2008*

*subject to terms and conditions

Port Lixus- Pre -Launch Offers for Investors

moroccandreamproperty — Sun, 15 Jun 2008 14:16:52 GMT

Moroccan Dream Property are happy to be promoting the Luxury 5 Star Resort of Port Lixus Palms, Larache.

Located within close proximity of 2 championship golf courses!
Panoramic Golf and sea views!
Easy access to Tangiers Airport budget flights with Easyjet.

Self sustaining Community with all facilities on site.

Reception, Clubhouse, Sports Complex, Tennis Courts, Spa, Basketball courts, Tropical gardens, 4 lagoon style swimming pools and Supermarket

Phase 1 prices predicted from: 91,780 euros for 1 bed 75m2
98,840 euros for 2 bed 80m2

Special Pre-launch prices available for investors.
Email us now:

www.moroccandreamproperty.com

info@moroccandreamproperty.com

palm beach resort - assilah

andy — Thu, 22 Mar 2007 12:53:55 GMT

can anyone please send me or post info on the palm beach resort as i have read a few threads about this. a couple of people i have spoke to have said it has all planning and permissions in place and is going to be a good investment but i would like other peolpes views on this before i go ahead with this further. anyone with any details of this or who has made an inspection trip your posts would be very usefull

thanks

andy

Re-selling a beach apartment in Tangier

ivanna08 — Wed, 30 Apr 2008 11:22:43 GMT

I am selling an apartment in Tangier of 150 sqm overlooking the beach and the old medina. The apartment close to the new McDonald. If anyone interested, I am here.

Furniture packages

flyer — Wed, 28 Feb 2007 14:52:25 GMT

I have bought an apartment at Sania Plage but the price being quoted for the furniture package is horrendous. Any ideas how I can do it cheaper?

Port Lixus

Marcosco — Tue, 27 May 2008 11:45:15 GMT

Hi everybody,

There is this new project in Larache called Port lixus. It's a beach resort but I don't know what's is it. I've seen their panel in Tanger.

Do anyone know about that ?

Job...

Mr. Incredible — Sat, 24 May 2008 15:04:41 GMT

I have a hunch this message goes against a dozen forum rules
I have been in the real estate business for the last five years and have a very good background of the Eastern European property market.

I am now looking for employment with a reputable company, am willing to expand my horizons and to relocate if necessary.

Thanks for any leads.

New Moroccan furniture package

fkdev — Sat, 24 May 2008 02:01:10 GMT

Hi please visit our new 100% Moroccan Package
All articles are available in whole Morocco.
Kind Regards,
http://www.fkdev.com/kit_moroccan_type.pdf

Looking for an investor partner

Adam — Wed, 26 Mar 2008 15:32:36 GMT

Dears,
I am looking for a partner to developp a luxuruous guest-house project based on a Kasbah owned by myself in Southern Morocco. Need : around 300 000 € up to 500 000 € dependind on the options choosen. Investors from Gulf are very welcome, considering that this project is very suitable to perform on Gulf tourism market.
Feel free to contact for further informations.
BR

Mirador Golf

flyhilde — Mon, 14 Aug 2006 21:45:02 GMT

Anybody wishing to post information about the Mirador Golf resort (good or bad) - feel free.

We are just embarking on our maiden voyage in the international property market and would welcome any advise possible.

look forward to hearing from you

moroccan rental yields?

adrianna — Mon, 05 Mar 2007 03:34:38 GMT

I keep on browsing for new information about moroccan properties and I saw this:

House price growth continues strong in Morocco

http://www.globalpropertyguide.com/country.php?id=131&cid=me&cat=2

do you think this is still fairly accurate, number-wise?

If you know more links about where to get indepth information on moroccan property, please pm me or post it on the thread here because i need it bad, thank you very much!

adrianna

Furniture package available

fkdev — Tue, 04 Dec 2007 20:20:40 GMT

Hi please visit this link http://www.fkdev.com/furniturepackage_fkdev.pdf
We have furniture packages developped for all reagions of Morocco:
For more information, please don't hesitate to contact me
Regards

Oasis hybernating at Med Saidia?

Greenfingers — Thu, 15 Nov 2007 18:14:28 GMT

I visited the Med Saidia site last month and was impressed to see Fadesa and Jardin de Fleur making good progress, golf course being watered, first hotel nearly finished and the new prom at Saidia town itself looking good. HOWEVER, after having had a letter mid Sept from Superior saying Hurray, licences have been granted so building commencing any minute now, all I saw on the Oasis site was what I saw one year ago, i.e. nothing! So, what's happening? Does anyone know? Who else out there is buying an apartment at Oasis and is wondering the same?

Oasis fallen sleep?

Greenfingers — Fri, 14 Sep 2007 09:12:58 GMT

As an investor in the Oasis Med Saidia development since Oct 06 I have followed the progress of Le Jardin De Fleur and Fadesa on their web sites which are looking great. Has Oasis gone to sleep? Newsletter dated Sep07 referred to lack of securing building licences. It looks like I might get a game of golf before I have an apartment!!! Yesterday Le Jardin De Fleur anounces the development of phase 3. Oasis is on phase 1, no? Is it that Fadesa and Jardin follow the Spanish way - build first before getting their building licences? Does any one understand this lack of progress on Oasis please?

Here is Morocco: http://www.youtube.com/watch?v=vQBsJBx1COA

nisrinezenati — Sun, 26 Aug 2007 06:26:49 GMT

For those who do not know anything about Morocco, look at this: http://www.youtube.com/watch?v=vQBsJBx1COA

Qatari Diar' launches USD-660Mn tourist project in Tangier, Morocco

nisrinezenati — Sun, 26 Aug 2007 00:10:10 GMT

Rabat, May 31 - "Qatari Diar" real estate investment company announced, here Thursday, the launch of Al Houara-Tanger tourist complex worth USD 660Mn.

Al Houara, which will be ready in 2011, is a 234ha tourism and mixed-use development including 2 luxury hotels, over 1,200 villas and apartments, and numerous on-site facilities including a world-class 18 holes golf course.

Speaking to the press about this project, Chief Executive Officer of Qatari Diar Real Estate Investment Company, Nasser Al Ansari, said that "Al Houara-Tanger" is an integrated tourist project that aims at the revitalization of tourist activity in Morocco and the creation of about 2.500 job opportunities.

In addition to Al Houara-Tanger project, "Qatari Diar" programmed several other projects in Marrakech Assilah and Agadir, west, as well as a marina in the Mediteranean coast, added Mr Al Ansari. "We are not in Morocco simply to build a tourist resort, we are here as a representative of Qatar to show that it acts as a genuine brotherly and friendly country," he went on to say.

The geographic position of Tangier characterized by its proximity to Europe and its strategic location, in addition to its infrastructures were decisive in choosing the northernmost city, underlined Mr. Al Ansari.

Qatari Diar is a government-backed real estate investment company with a capital of USD 24.8Bn. It was established in 2004 to support Qatar’s growing economy and to co-ordinate the country’s real estate development priorities.

Tourists Numbers up in 2007 by 7%

Allnewmorocco — Wed, 04 Jul 2007 10:43:05 GMT

Rabat, July 3 - Around 2,26 million tourists visited Morocco in the first five months of 2007, that is a 7% rise compared with the same period of last year, revealed figures of the Department of Tourism.

The French topped the list with 873,000 tourists, followed by the Spanish (479,000), the British (175,000), the Belgian (96,000), the Italians (95,000) and the German (91,000).

According to these figures, tourist nights registered in classified hotels grew by 8 % to reach 7Mn nights.

The Department noted that Marrakech remains a double-digit tourist destination (+ 12%), with more than 56% of additional nights during this period, followed by Casablanca (+9%) and Agadir (+3%). These three cities registered almost 80% of the additional tourist nights. Other cities like Fez (central), Ouarzazate (south), Essaouira (south), Rabat and Tangier (north) also witnessed a substantial increase in terms of tourist nights.

The British, French and German markets contribute with 63% to this increase.

The Department also notes that only the Belgian and Arab markets posted a decline in terms of tourist nights during the same period.

Morocco has worked out an ambitious strategy, dubbed "Vision 2010", which aspires to attract 10 million tourists by 2010. This strategy aims to create 160,000 beds, bringing the national capacity to 230,000 beds and to create some 600,000 new jobs.

www.allnewmorocco.com
email richard@allnewmorocco.com

Report on Buying property in Morocco

abdel — Mon, 21 May 2007 14:47:55 GMT

When you read this Morocco Report, you get the best of both worlds - cutting edge information and tips along with real life facts and steps to take when buying a property in Morocco.
If you are a Property investor in the UK or EU, looking to Buy in Morocco, and you need the latest information, facts and figures for building your property portfolio to the next level... whether that means buying your first property abroad, or adding to your existing portfolio - this could be the most important report you read this year.
ask for your free report here: http://www.easyukproperty.com/abdel
or email me here: abdel@easymoroccoproperty.com

Regards,
Abdel

Complete Photo Gallery for Mediterrania Saidia

Andy Welland — Wed, 13 Dec 2006 18:26:28 GMT

Hi Everyone,

Over the past year the most requested development within our IPIN section is Mediterrania Saidia. Within many of the Forums people are asking for updated images on the different plots and areas.

Our webteam at www.propertyshowrooms.com have been very busy putting together a complete gallery of images that we have taken over the past 12 months from a variety of sources.

All pictures can be viewed on the following link.

http://www.propertyshowrooms.com/morocco/property/saidia-images

I hope that these will be of interest to everyone and please feel free to send any of your own pictures to info@propertyshowrooms.com that we can add to the gallery.

As I visit Saidia on a regular basis I will be adding more pictures of the Oasis Beach and Golf and Jardin de Fleur projects.

Wishing you all a Happy Christmas and New Year,

Regards,

Andy Welland.

International Sales Manager.

palm beach resort - assilah

johnjames1 — Thu, 29 Mar 2007 12:27:02 GMT

thanks to all who have posted replies on this forum about the palmbeach resort in assilah morocco. i booked a viewing trip to see these properties through casablanca properties after i made sure they had all the permissions and licenses in place and recieved all the literature concerning them. anyone wanting to reserve and apartment or get information on these can contact them at www.casablancaproperties.co.uk . as said thanks for all the info guys.

many thanks

john

Mirador golf

dpterry — Sat, 10 Feb 2007 12:19:14 GMT

I have just come back from Mirador Golf Apt viewing trip.All looks very good.Lots going on and hopefully finish in July/August.
Has anyone delt with Compass Properties, and did it run smoothly?

La Plange - Port Lixus

MPC — Tue, 27 Mar 2007 10:02:53 GMT

La Plange - Port Lixus

Block 3 released on this development yesterday, in my opinion great location within development, anyone invested in this resort as yet? anyone considering?

Its a similar concept to the aparthotel on Saidia..

Morocco or Moscow? global property guide updates on the boom

adrianna — Sat, 24 Mar 2007 17:56:38 GMT

The first part of global property guide's update goes as follows:

"If you thought Moscow property prices couldn’t go any higher – well, they just have! Apartments in the centre of the city are being sold and rented at prices which would appear to defy all reason - except that Moscow is a city, now, of extraordinary wealth.

The average price of an apartment rose to US$16,363 per sq. m. in prime Moscow districts in Q3 2006, according to Knight Frank, Moscow. Re-sale apartment prices rose 62.8% in the three quarters to Q3 2006. Newly built apartment prices rose by 79% in the three quarters to Q3 2006. A small three-room apartment (60 sq. m.) in central Moscow is now worth US$1 million. First-class apartments can command twice that or more – US$30,000 per sq. m. and up is not unknown.

Property is not all that’s booming. The Russian economy grew by 6.5% per annum in 2006, though that is down on previous years. Shopfront after shopfront in Moscow glitters with Western brand names. Huge limousines ferry wives and mistresses to their destinations.

All this wealth is being fuelled by the oil and gas boom. Russia now pumps more oil than..."

continued:
http://www.globalpropertyguide.com/country.php?id=161

Now what for Moroccan investors? Does this prompt a shift of interest or is it just, according to most blogs about the subject, a boom that will very soon bust?

Please pitch in your opinion here!

Discussion Topic Palm Beach Resort/inspection trips.

fridges — Wed, 21 Mar 2007 13:52:22 GMT

I have just reserved a couple of apartments on palm beach resort from the developer and i have been given a date for a inspection trip on the 6-april 2007. I would like to hear from anyone who has been on a inspection trip to palm beach to let me no what its like and what to expect when we get there many thanks fridges.

palm beach resort morocco

fridges — Mon, 19 Mar 2007 16:02:07 GMT

message for billy smith i have been looking around all the different sites on morocco as i am wanting to invest in in a few properties over there i liked the look off palm beach i would be gratefull if you could let me no who the developer is. if you do not no then anyone else with the info please could you let me no. p jones [fridges]

[any and all information would be gratefully received]

palm beach - assilah

billy1smith — Mon, 19 Mar 2007 13:33:27 GMT

recently reserved on this site and just came back from an inspection trip.
site looks fantastic, it is just under 1 kilometer south of the centre of assilah.
i managed to reserve on the front line in order to take best advantage of the views
but it looks like the first 8 blocks will all have spectacullar views. i have seen all the paperwork and all licences and permissions are in place. it is going to be gated with 24 hour security with free bus services to assilah.

also seen the designs for the new beach. this is going to be created infront of the resort with sand being brought in. this will create a private cove with spectacular views from the frontline restaurants.

anybody wishing to see pictures please send me an email

billy1smith@googlemail.com

IPIN and Google Earth

sysadmin — Mon, 02 Oct 2006 17:09:14 GMT

Everyone knows Property is all about location,location,location. We are proud to announce the launch of the Google Earth interface within IPIN allowing Property Investors the opportunity to view potential investment opportunities in their exact locations.

Click here to view IPIN Moroccan Opportunities in Google Earth.

http://www.propertyshowrooms.com/IPIN/Google-Earth.asp

Moroccan Mortgages

MoroccanMortgage — Tue, 20 Feb 2007 16:40:53 GMT

I hope this helps Investors and lifestyle buyers.

In Morocco, the mortgage products are not as developed as in Spain as it is a very much newer market only recently open to non-residents.

Off Plan Mortgage: We are able to provide an “Offer in Principal” that will give the client peace of mind in knowing that when his/her property is ready the mortgage will be in place.

Re-sale Mortgage: We offer re-sale mortgages at 70% to purchase price at a rate around 6.32% for a maximum of 25 years. There is no interest only period in Morocco but some lenders do offer a deferred payment option for up to 12 months.

Re-finance: Many of our Spanish lenders are in the process of developing a product based on re-financing your Spanish or UK property in order to release funding for the purchase of your Moroccan property.

Purchasing as a Company: This option is available and many clients find it tax efficient.

Purchasing as Moroccan national: This is an option for the Moroccan national who lives abroad. Even as non-resident you will be able to get a 100% mortgage to purchase price.

Superior Real Estate?

NeilSmith — Thu, 30 Nov 2006 16:48:17 GMT

Hi i spot this page: http://morocco.superiorworldwide.com/

Does anybody have any thoughts about them?

Neil S.

Travel routes to Morocco

Andy Welland — Thu, 20 Jul 2006 17:21:18 GMT

Alot of question we get asked are about HOW WILL WE GET THERE??

If anyone finds out any new information on any new routes into Morocco then post them in here for everyone to share.

Here are a couple of links to get you started.

1 ) Most people already know this one about Ryanair but if you dont then check out the following link.

http://www.ryanair.com/site/EN/news.php?yr=06&month=may&story=gen-en-250506

2 ) GB Airways announce new routes to Morocco. Just click on the following link and become a member.

http://www.travelmole.com/stories/109822.php

If you dont want the hassle then this is what it says.

GB Airways intensifies Morocco flight competition

GB Airways is to run its largest flight schedule to Morocco this winter. Two flights a day from Heathrow to Marrakech will be added in addition to a daily service from Gatwick.
The airline will also serve Fez twice a week from Heathrow in addition to daily flights to Casablanca.
Twice weekly flights to the resort of Agadir will continue to operate from Gatwick.
One-way flights from Gatwick to Marrakech start at £49 including taxes, fees and charges.
The expansion by GB Airways comes as budget carriers Ryanair and easyJet plan a major assault on Morocco with a range of new services.
GB Airways managing director Kevin Hatton said: "We are pleased to announce the substantial flight increase to Morocco from the UK this winter, especially the launch of a twice daily service to Marrakech from Heathrow.
"With a total of 32 weekly flights to Morocco, passengers can now travel at their convenience to some of the most popular short-haul winter sun destinations. "

Report by Phil Davies

Photo Gallery for Port Lixus

Andy Welland — Thu, 25 Jan 2007 12:32:26 GMT

Last weekend we took another visit to Port Lixus and things have really started changing since our last visit in May 06.

I feel we are going to get as many enquiries for this project as we have been for Saidia, and soon we will be able to offer properties on both the Atlantic and Mediterranean coastlines of Morocco.

Knowing that people were always looking for progress photos on Saidia we are starting our Port Lixus gallery now with our photos from last weekends visit to Larache and the plot of Port Lixus.

http://www.propertyshowrooms.com/morocco/property/Port-Lixus-images/

Please log back in over the coming months for updated images as and when we get them.

Once again I hope this helps,

Andy Welland

Tangiers golf and beach resort

propertyinvest — Sun, 07 Jan 2007 09:39:20 GMT

Hi , i have purchased 2 apartments in this resort, have any others here looked or have bought. It has some great incentives , 10% 5 yr rental guarentee , and only a 25 % deposit, but 13% of that is paid over 3 yrs, which i thought was good. I have been mainly buying in dubai as of late but this development has good as renturn with not using no where near as much capital.

I used a company called worldwide frontiers, there were very honest and have a vast amount of knowledge .here is a link http://www.worldwidefrontiers.com/properties/morocco/tanjahbeachgolfresort.asp

I know how hard it can be to find companies to trust so this will save you time shopping around.

Let me know how any of you find it.

thanks

Re:Which development to invest in Morocco?

apexsyle — Mon, 08 Jan 2007 10:58:01 GMT

Dear All,

I'm a new member to this site and have found the information presented to be very useful.

As a number of you, I have been keeping an eye on Morocco for a while and am now ready to invest.

I was wondering what peoples thoughts were on investing in Morocco? What sites would people recommend for the best predicted capital appreciation at this present time and also rental income? Also what are peoples predictions on the expected rental yield from the major developments a couple years down the road should Morocco growth follow estimates?

Paradise Golf And Beach near Tangiers and next to the Emaar development site (Tinga) is a site I like and have already visited. However there have already been a number of price rises and I don't know much about the Developer Prestige. Has any body heard of them? Apparently they were part of a spanish firm that broke up into four developers? Here is their web address should any or you want to check it out:

http://www.paradisegolfandbeachresort.com/

I would appreciate and look forward to any information or comments made.

Thanks

Apexsyle

Alkudia Smir (Fadesa also known as Kabila)

Andy Welland — Mon, 25 Sep 2006 14:42:28 GMT

Hi Everyone,

As a company we have taken reservations on Alkudia Smir and on Saturday just gone myself and a client went over to take a look at the area and the plot. This was my 14th time to Morocco but 13 of those have been to Saidia so it was an experience for myself as well as the client.

Please find below full details of the day just encase any of you are planing a trip by yourself.

Saturday the 23rd of September

8:00am - Pick up client from Las Piramides hotel in Fuengirola and drive to Algeciras.

9:00am - Arrive at the port and and book 2 return tickets from Algerciras to Ceuta with Buquebus as foot passengers who currently have an offer on and it cost us 30€ return in total. You don't need to book in advance as there are ferries going every half an hour. If you want to book then the phone number from spain is 902 41 42 42 or check out www.buquebus.es

10:00am - Board the ferry and set off for Ceuta. Very quick trip of about 45 minutes to an hour and also managed to spot some dolphin´s on the way over.

11:00am - Depart the port and head for the boarder. There were plenty of people about to offer you a lift or ride but the best thing to do is jump in a Taxi which will cost about 5 euros.

11:10am - Arrive at the boarder......now this is an experience for anyone who has never done this before and having had to do this at Melilla I had an idea of what to expect. It is a very busy place and to say that we stood out like a sore thumb would be an understatement. We were approached by a guy who offered to fill in our Fiche DÉmbarquement which is registration document that you have to fill in every time you go in and out of Morocco. He then expects about 200 Dirhams (20€) and takes it into the policeman to get you through the boarder quicker (10€ for him and 10€ for the policeman) Or the other option is to fill it out yourself which is quite simple and wait in the que which can take anywhere from half an hour to two hours depending on how busy it is.

11.30am - Now we are through the boarder it becomes 9.30am local time as Morocco stays on GMT but to make it easier i will stick on Spanish time which is good to do as the ferry back is at 5.30pm Spanish time. We walk straight over to a Taxi rank and get ushered over to something that has just come last in the Whaky Races and we set of for the Hotel Sofitel in Marina Smir to meet Nora from Fadesa.(cost 10€ or 100dirhams)

11:30am - 11:45am - Our journey to the hotel gives us a good chance to take in the coastline and I am surprised at how green it is. It is very similar to the Estepona and Duquesa area in Spain with the beach to our left and rolling hills and mountains to our right. You can see that there is a lot happening along this coastline and the beaches look fantastic.

11:45am - Arrive at the Sofitel which is right on Marina Smir and is a 5 Star Hotel. Most of the hotels that we passed along the way were either 4 or 5 star. We are not meeting Nora until 12:30pm so we decided to walk down to the Marina which looks excellent. Very clean, some nice large boats and quite a few Restaurants and Bars around the port area. It is very quiet but that is probably down to the fact that it is only 9:45am and the main holiday season is now over although the hotel dinning room was very busy with people having their breakfast.
From the beach on Marina Smir you can see all the way down to Marina Kabila and back towards Ceuta. The water is warm and crystal clear, the beaches seem to run as far as the eye can see and are very clean. I would say that they are far better than any i have seen on the Costa del Sol. the hotel is worth having a look at on the following link.

http://www.sofitel.com/sofitel/fichehotel/gb/sof/thalassa/2959/fiche_hotel.shtml

12.30pm - Meet with Nora and head off to the Alkudia Smir plot. It takes about 5 minutes to get to the plot going back in the direction of Ceuta. The road in front of the plot was not that busy and there were police along the way with speed cameras. They are also putting in 2 bridges over the road so i don't see it as to much of a problem. Also with the new road that is going in from Tangiers to Tetuan that runs at the back of the plot and will give access to the resort it should ease traffic along this route but i don't know how busy it will be in the summer.

13:00am - The plot itself runs up to a point of about 30 meters above sea level and in my opinion AP1 and AP4 will be excellent plots on the development and are the only ones that might give a chance of getting a sea view as behind this the plot then dips back down into a small valley and then back up again as it reaches the back. As far as i could make out the villa plot they have released is the best villa plot within the development and should give sea views as well as views back towards Ceuta. Nora told us that they will be starting to clear the plot in October and will be putting in an onsite sales office. If you were stood on the plot at AP1 with the sea in front of you then to your right or as it would be south, south west, you will look out on an amazing view of flat green fields with small buildings and villages in the distance with rolling hills and mountains in the distance. I was also told that in the winter the mountains get a small covering of snow on the top of them.

From the beach in front you would be able to walk all the way to Marina Smir and then onto Marina Kabila and it took us about 5 minutes from Block 1 on AP1 to be stood by the waters edge. There is a hotel / apartment complex right on the beach to the west of AP1 and looks very clean and tidy.

14:00 We head off to Marina Kabila to have a look around and pass the developments of Sania Plage and Jawarah Smir. I think i have spelt Jawarah right but it is not a development that we dealt with. It looks very nice and is painted white and light blue finishing around the doorways and windows which is supposed to the same for Alkudia Smir. You can really see that this area is going to build up over the next few years as there are many areas both on the beach side and other side of the main road that are already being prepared for development. At the moment the main resorts and hotels are on the beach side but it has all the signs of expanding. If they keep the hight to 4 levels max with the exception of the Club Med hotel which is about 6 or 7 from memory then it has the potential to really boom as a tourist destination.

Halfway between Marina Smir and Marina Kabila there is a lagoon area and i found out that there are plans to put in a development in this area but probably not for some years yet. Marina Kabila was very quite but i expected that for the time of year.

14:30pm - We venture into Mdiq and say goodbye to Nora from Fadesa. have a very nice meal in a fish restaurant in the port. The service was excellent and we have a couple of soft drinks each, tapas, starters and main course which comes to about £12........yes thats £12

16:00pm - We head back to the boarder from Mdiq which takes about 20 minutes and costs about 10€ and head back to the port to catch the 17:30 ferry.

18:30pm - Arrive back in Algeciras and head back to Fuengirola.

20:00pm - Drop client back at the hotel.

I hope this gives you a better idea of the area and i must admit that i was very impressed. I spoke to my client this morning who is going ahead with his unit on Alkudia Smir, he told me that he had only one concern with his purchase and that was the area in front of the plot on the other side of the main road. He was worried that someone might come along and build on it. From what i saw the area is to small and i have seen plans that show a new promenade which runs from Alkudia Smir back towards Ceuta and along towards Marina Smir + if this land had been available i am sure that Fadesa would have taken it.

Once again i hope this is of some help as i know the visit to Morocco for our client made things a lot clearer.

Andy Welland
Overseas Property Manager
www.propertyshowrooms.com

Construction Phase Contract

flyhilde — Wed, 23 Aug 2006 08:01:25 GMT

I am about to return the Reservation Contract and my solicitor says this contract cannot be distributed until the project has reached a particular stage of construction. Is this normal

Has anyone got a sample or draft copy of the construction phase contract who wants to share it with me so I can at least foresee any major problems and prepare for any forthcoming problems.

I notice on the forum people are having to change clauses within the contract

Kabila

sysadmin — Tue, 22 Aug 2006 20:33:18 GMT

A place to air your views and share information about the Kabila project in Morocco

Why Morocco.......want to know the basics

Andy Welland — Tue, 15 Aug 2006 12:13:20 GMT

The main question I get asked everyday is what is Vision 2010 and my main concern is how many agents are promoting products saying they are part of the Kings Resorts. There are 6 main coastal resorts of which all information can be found on the following link.

http://www.tourisme.gov.ma/english/2-Vision2010-Avenir/1-en-bref/enbref.htm

This is the official government tourism website for Morocco from which i have taken the following excerpts.

Being endowed with important natural assets as well as a rich and varied cultural heritage, Morocco has opted for the promotion of the tourist sector, putting in place a voluntarist strategy of tourism development which is likely to trigger a sustainable and integrated development dynamics.

As regards moroccan tourist policy, the year 2001 broke away clearly from the past. For that purpose, since the speech pronounced by His Majesty The King Mohammed VI, on January 10, 2001 in Marrakech during the National Meeting on Tourism , Morocco has officially been engaged in a new tourist policy

The Framework Agreement and the Implementation Agreement, fundamental national meetings for a sustainable and integrated tourist development.
Morocco is endowed with a strategy which is directed towards the future to approach the sector of tourism with a long term vision reinforced by a detailed contract program based on figures.
Conscious of the potential of this industry, the State has set up tourism as a national economic priority since the signature, under the Real Presidency of His Majesty Mohammed VI on January 10, 2001 , of the Framework Agreement between the Government and the General Confederation of the Moroccan Enterprises(CGEM). This initiative has been reinforced by the signature, on October 29, 2001 , of the Implementation Agreement of the Framework Agreement , engaging thus the two parties to be contracted to implement the strategic device of the new tourism policy called " the 2010 Vision ".
Clear objectives based on figures
The defined objectives are very ambitious both in terms of quantity and quality. "The 2010 Vision"sets itself the goal of achieving the following figures -based objectives:
- Concerning tourist arrivals, it is planned to reach 10 million of tourists, 7 million of whom are international tourists (against 5,5.5 Million in 2005);
- As regards hotel capacity, 160.000 beds will be created (130.000 beds in sea tourist resorts and 30.000 beds in the cultural destinations of the country), putting the national capacity up to 230.000 beds;
- Investments: the volume should reach 8 to 9 billion Euros, (planning of the new sea tourist resorts, infrastructures, hotel trade and entertainment);
- Receipts: it is expected to reach 48 billion of Euros concerning receipts in foreign currency,
- Jobs: 600.000 new jobs will be created;
- Contribution of tourism to the GDP: this contribution should annually rise by 8.5%(on average), which would bring it to around 20% by the year 2010

The 2010 Vision : the six big building sites

In order to allow tourism to play fully its role as a driving force of socio economic development of the country, a great deal of measures and precise actions have been defined, with an implementation planning, follow-up and assessment operations.

The "2010 Vision "revolves around 6 fundamental building sites , which are real operational levers, permitting to achieve the objectives set forth in this strategy.

These building sites are related to the Product, Training, Air Transport, Marketing and Communication, Tourist Environment and to the Institutional Organization.

Within the framework of 'the 2010 Vision' aiming to welcome 10 million of tourists, and concerning the building site, "Product" ,launched by Tourism Department , an action plan is in the process of being implemented currently.

This action plan relates obviously to both seaside resort and "Cultural" products and aims at the anticipation of the increase welcome capacity of the country through the achievement of an additional capacity of 80.000 rooms by the year

2010.This capacity which is likely to ensure the visibility of Morocco destination on international markets is shared out among the national territory as follows:
65.000 rooms in seaside destinations;
15.000 rooms in cultural destinations.

The approach adopted for the creation of this additional capacity, consists of:
The creation of suitable tourist areas of the latest generation and which meet the new trends of tourist demand;
The recourse/resort(ing), as regards the planning and the development of these areas, to private groups selected by means of invitation to tenders on the basis of their professional and technical references in the field of planning and tourist industry and of their financial capacities for the realization of large scale projects.

Tourism Department , in partnership with other Ministerial Departments concerned, has launched a set of projects :

1. The "Azur Plan" which aims at the creation of six new appropriate seaside resorts /stations on six priority sites, notably: Saidia (Berkane), Lixus (Larache), Mazagan (El Haouzia, El Jadida), Mogador (Essaouira), Taghazout (Agadir) and Plage Blanche (Guelmim).The four stations among the six (ones)concerned which are, at present, conceded (under private management) to international developers are as follows :
__ Saidia ( FADESA spanish group);;
__ Mogador ( Belgian - French - Dutch group :Thomas & Piron/l'Atelier / Colbert Orco/Risma);
__ El Haouzia (Moroccan - South African grouping: Kerzner International/SOMED/CDG/MAMDA & MCMA);
__ Lixus (Belgian- Dutch group: Thomas & Piron/Orco).

_The call for "manifesting interest" relating to the planning of Taghazout's station was launched on May 25, 2005 and the final selection of the developer or the recipient of the attribution ,will take place in January 2006. As far as the attribution process of the "Plage Blanche" station , it will start from 2006 onwards.

2. Planning projects of tourist areas of the Aguedal (Marrakech) and Ghandouri (Tangier), whose development is ensured by Morocco Hotels and Villages (MHV), subsidiary of the Deposit and Management Office (CDG ). These projects are at an advanced stage:
__ The planning of the area of the Aguedal is achieved, the marketing of lots provided with main services by MHV is almost completed and the constructing work of some hotel units has started up;
__ The fact of providing the area of Ghandouri with main services got started and the operation of lots attribution by MHV to the operators is under way at present.

At the same time as the creation of new tourist stations/areas,Tourism Department has also started the building site for the improvement of the existing destinations such as Fez , Casablanca , Agadir, Tangier, Tetouan, etc.

This building site passes necessarily by the establishment of Regional Development Program (PDR) which stretches over a decade and aims at the definition of :
__ Objectives attributed to every tourist destination (tourism nights, arrivals, capacity, guests to target etc);
__ Requirements for strategic, public and private investments necessary for the achievement of objectives above mentioned;
__ Human resources necessary for the implementation of this program.

These Regional Development Programs (PDR) are elaborated on the basis of in-depth studies, which are carried out in favour of Tourism Department by world known multidisciplinary consultants, and relating to the following constituents:
__ Marketing Positioning;
__ Technical and financial set up of the development of areas likely to receive the additional capacities planned;
__ Technical, legal and financial set up of attendant measures which are necessary for the development of the destination concerned (of an urbanistic, patrimonial and promotional nature, etc).

These destinations, the PDR of which are in the process of being finalized, are Fez and Casablanca . The establishment process of the PDR of Agadir, Tangier and Tetouan has already started. The PDR of Ouarzazate/Zagora, Meknes Tafilelt and Rabat will be created soon.

Once again i hope this helps,

Andy Welland

Overseas Property Manager

Property Showrooms

andy.welland@propertyshowrooms.com

Website: www.propertyshowrooms.com
Direct Tel: +34 952 198 656
Tel: 0871 734 1851 (Low cost within UK)

Mobile: +34 678 713 877

Fax: +34 952 917 461 (Outside UK)

Fax: 0871 277 4725 (Inside UK)

Resales in Morocco

Tony Roberts — Thu, 03 Aug 2006 15:55:56 GMT

I am a new visitor to the site.

I must declare an interest, I am an agent, the leading English owned company in Morocco, with offices in Tangier and Marrakech. I live between both.

I wont advertise, as promised, but would like to open a subject for discussion, which is the acquisition of land around Tangier and Marrakech.

Land is a great investment price per square metre rising all the time with the entry of big players likeFadesa and E Maar into the market.

Riadss in both cities are also great, apart from being fun their value increases all the time too.

Tony Roberts

JDF - RT2 released

sysadmin — Thu, 27 Jul 2006 12:25:26 GMT

RT2, or Jardin De Fleur Phase 2 has been officially released.

There is a full investors report available to IPIN members on http://www.Propertyshowrooms.com/morocco/property/investment.

Adding Clauses to Contracts

The Soup Dragon — Fri, 21 Jul 2006 18:10:37 GMT

I'm going through the negotiation stage with contract for villa at LJDF. Would be interested to hear if anyone has got extra clauses inserted other than dimensions of pool and boundary for garden.

The best development in Mediterranea Saidia?

sysadmin — Wed, 19 Jul 2006 19:11:49 GMT

Please post the reasons why you believe this is so?