Real Estate & Investment News in Morocco from Propertyshowrooms.com

Marrakech 'a popular location' for Moroccan property investment

Fri, 4 May 2012 00:00:00 GMT

Many investors in the Moroccan real estate market have been focusing their attention on Marrakech.

According to Nik Kapur, senior consultant at M2Morocco, the city's popularity as a tourist destination and its continued growth have made it a target for those with money to spend on overseas property.

He highlighted improvements being made to transport links - including a new train station and airport terminal - noting there has been a "steady increase" in the number of travellers arriving in Marrakech.

Approximately three million passengers pass through the city's airport every year, with airlines such as easyJet, British Airways and Iberia servicing the destination.

Mr Kapur pointed out the holiday market is a lucrative one for real estate investors who have homes in Marrakech.

"The lack of hotel rooms in the city centre means that there is strong demand for short-term rentals and our investors are achieving healthy yields, as well as expected future capital growth," he asserted.

Advice offered to Morocco property buyers

Fri, 27 Apr 2012 00:00:00 GMT

The Moroccan property conveyance system is considered one of the safest in the whole of Africa and the Middle East.

This is according to Nik Kapur, senior consultant at M2 Morocco, who was offering advice for people thinking of investing in Moroccan property.

As well as a commendable conveyancing process, Mr Kapur also said mortgages are available to foreign buyers up to a maximum of 70 per cent loan-to-value. It is vital though, he added, to check that the land or property has a clear title before purchasing.

In further advice, he stated: "Making sure that your purchase cash is routed to Morocco through official channels will save you a lot of hassle with repatriating your profits when you eventually sell your property."

The recent Knight Frank Global House Price Index showed that property in Morocco increased in value by 2.9 per cent between 2010 and 2011.

Property investors 'should focus on Marrakech'

Mon, 2 Apr 2012 00:00:00 GMT

Real estate investors who want to pick up a property in Morocco should concentrate their search on Marrakech.

This is the advice of Nik Kapur, director of M2Morocco, who explained the city is one of the best markets to focus on in the nation because it is "the most established tourist destination".

He noted city centre apartments in particular are sought-after among both domestic and international investors, pointing out they present "a good opportunity for both rental income and capital growth".

Mr Kapur went on to say that Marrakech is only set to become more appealing with the addition of a new terminal at the city's airport, which will in turn help to boost the number of visitors arriving in the destination.

Obtaining finance to make a property purchase in Morocco is not overly difficult for overseas buyers, he explained, revealing 70 per cent mortgages are available. "The Moroccan banking system is strong with a lot of liquidity, so that is fuelling increasing demand for property and resulting in more sales," Mr Kapur concluded.

Earlier this month, Global Arab Network reported on figures published by Bank Al Maghrib, which showed the number of purchases of residential property in Morocco increased by 22.8 per cent in the final quarter of 2011, compared to the previous three months. Transactions for apartments accounted for 61 per cent of total sales.

Morocco 'a good choice' for property investment

Thu, 29 Mar 2012 00:00:00 GMT

Buying real estate in Morocco is a good option for anyone who is keen to invest in property markets outside Europe.

According to Nik Kapur, director of M2Morocco, the country is the most attractive destination for investors in north Africa, as it has not witnessed any political upheaval, unlike Egypt and Tunisia.

He noted the nation is appealing because of its proximity to Europe and its economic strength.

"The economy there is still showing year-on-year growth and the safe buying process also makes it a good destination for investment," Mr Kapur asserted.

Properties at the bottom and middle end of the market are the most popular at present, while there is an oversupply of high-end assets, he added.

The most recent Knight Frank Global House Price Index revealed the value of homes in Morocco increased by 2.9 per cent between the final quarter of 2011 and the same period a year earlier.

Morocco property event planned in Dubai

Wed, 23 Nov 2011 00:00:00 GMT

An exhibition focusing on the investment opportunities available in the Moroccan real estate sector is due to be held in Dubai next year.

In January, developers from the nation and those interested in ploughing money into property in Morocco will meet in the emirate.

The organisers chose Dubai as the location for the event due to the high number of Moroccan expats currently living and working in the area.

As well as providing investors with the chance to speak to real estate professionals operating in the African nation, a series of seminars and conferences will be held to provide a greater insight into the prospects of the sector in the future.

Running over the course of three days from January 19th to 21st, attendees can learn more about real estate trends in the country, as well as how to finance property deals and what tax regulations they will need to be aware of in the country.

Two further exhibitions will be held to promote the nation's property industry in 2012, one in Montreal, Canada in April and another in Frankfurt, Germany in June.

Moroccan property market 'growing'

Wed, 14 Sep 2011 00:00:00 GMT

Domestic and international demand has helped boost growth in the Moroccan property market, it has been asserted.

Nik Kapur, director at M2Morocco.com, explained that there are an increasing number of opportunities for investors in the country's real estate sector.

He noted that rental values in many of the nation's main cities are continuing to rise, which could bode well for anyone who buys a home with the intention of letting it out.

"Average yields are far higher than can be found in most developed countries and there is strong demand for holiday lettings in tourist hotspots like Marrakech," Mr Kapur stated.

He added that the government is hoping to incentivise real estate investors by offering tax breaks - such as removing capital gains and inheritance tax from properties in the nation.

Earlier this month, a spokesperson for Aerium Atlas Management - which is currently working on four developments in Morocco - told Gulf News that the country has been largely unaffected by the political upheaval taking place in other parts of the Arab region.

As a result, Morocco offers "a safe investment" for those seeking real estate assets in this part of the world, the representative added.

Advantages of Moroccan property investment highlighted

Mon, 4 Jul 2011 00:00:00 GMT

The Moroccan city of Tangier presents various opportunities for property investment, it has been claimed.

Immobiliertanger, a real estate agency based in the country, has highlighted some of the advantages to making a purchase in the Moroccan housing sector.

Tourism in Tangier is continuing to grow, the company pointed out - and investors "would most likely enjoy remarkable future growth" due to this burgeoning trade.

Villas are a particularly good investment, according to the firm, as they have the potential to deliver high returns and apartments with sea views present an alternative, but no less lucrative, opportunity.

Among the attractions that draw travellers to Tangier every year are historical buildings and bustling medina. Petit Socco Square and Grand Socco Square are some of the must-visit places in the city's old town, the Moroccan tourist board advises.

Meanwhile, its Hafa Cafe is a favourite spot to spend an afternoon, with its views across the Strait of Gibraltar.

Morocco to be a popular tourist destination in 2010

Tue, 8 Jun 2010 00:00:00 GMT

Those who have invested in buy-to-let property in Morocco could see a rise in the number of tourists visiting the destination this year, it has been suggested.

According to Travelzest's Best of Morocco, the country is the ideal spot for individuals who are looking to go on a budget break, with Marrakech in particular offering good value for money.

"The cost of living is indeed very affordable in Marrakech," a spokesperson for the company confirmed.

Furthermore, the city is an ideal base for visiting the rest of the country, with good transport links ensuring that it could be the ideal spot for holidaymakers.

"The seaside resort of Essaouira is easily reached by car from Marrakech and there are direct flights to the UK," added the spokesperson.

ABTA - The Travel Association recently predicted that Morocco will be a strong destination for travellers in 2010, as investment in infrastructure and transport will attract holidaymakers looking for high standards at lower costs.

Morocco enjoying its 'low-risk' property market

Mon, 22 Mar 2010 00:00:00 GMT

The property market in Morocco is benefiting from the fact it managed to escape the worst of the global economic crisis as high demand from investors and second home buyers boosts its profile.

According to Middle Eastern media and technology Group Al Bawaba, international property agent Knight Frank has painted a positive picture for property investment in the country, claiming it offers a low-risk environment.

The news provider highlights the "cosmopolitan city" of Marrakech as being one of the more popular destinations for individuals looking for luxury and prime properties.

And with relatively low prices in comparison with destinations in Europe, the North African coastal destination can still expect appreciation to occur within the market.

Individuals looking to rent their properties to tourists in the country will be pleased by news that visitor numbers rose by six per cent during 2009 and government officials are already predicting further rises of around ten per cent this year, Reuters reported.

Moroccan government keen to attract foreign investment

Sat, 13 Feb 2010 00:00:00 GMT

The Moroccan government is doing all it can to ensure the country is a popular choice for overseas property investors, it has been claimed.

An article by Global Property Guide has highlighted the measures which the government is taking to boost tourism and encourage foreign investment.

The government has been funding the construction and renovation of roads, airports and ports in the country.

This increase in government spending combined with good harvests since 2008 has helped the Moroccan economy grow at impressive rates, some reports have estimated a five per cent growth in 2009.

Meanwhile, the ambitious plans of King Mohammed VI to increase tourism in the country to ten million visitors a year in 2010 is likely to spark a degree of interest from investors.

The website states that tourism brings about almost a guaranteed interest in property buying and is expected have a large impact the economy and property prices.

Figures, released by Reuters, show that despite difficult economic times Morocco was able to increase its visitor numbers by six per cent to 8.35 million last year.

Morocco seeing a rush of overseas investors

Sat, 13 Feb 2010 00:00:00 GMT

Foreign investors are moving fast to take advantage of a limited supply of Riads in Morrocco, it has been claimed.

Property portal Property Abroad has reported a surge in demand for the houses - which have gardens indoors - due to the fact that they are in such short supply.

Investors are able to take advantage of competitive deals for the Riads something which is further enhanced by the cheap cost of labour and materials in the North African country, making renovating an attractive choice for many.

The website highlights the fact that they are a popular rental option stating that "Moroccan Riads fetch as much and often more in rental rates than the swanky new apartments".

As a country Morocco presents great potential, it economy grew an estimated five per cent in 2009 and with further plans to boost tourism there in 2010 more growth is expected.

Last year, Morocco was described as being Africa's top tourist destination at the annual African Business Awards.

Waste dump becoming hot property in Morocco

Wed, 16 Dec 2009 00:00:00 GMT

A former waste dump by a river in the Moroccan capital of Rabat is being transformed into an area of prime real estate, it has been revealed.

The Bab al Bahr project at the mouth of the River Bouregreg has seen a new marina built and will eventually lead to a five-star hotel and several museums accompanying high-end housing, the National reports.

According to the paper, 157 flats will be completed as phase one of the project in 2011, with the undertaking aiming to revive the culture of an area with a history that goes back 23 centuries.

This has even seen some parts of the blueprint revised to protect antiquities and monuments uncovered during excavations.

Off-plan sales of 500 of the 2,000 homes set to be built will start next month, which may interest UK investors.

Morocco's property market could be set for an incursion into the golf sector, following news that the European Professional Golfers Association will stage the inaugural Hassan II Golf Trophy tournament in Rabat next March, as part of its 2010 programme.

Moroccan wine industry 'set to expand'

Thu, 26 Nov 2009 00:00:00 GMT

Morocco's small but historic wine-making industry could be set for a major expansion, something that may see it becoming a centre for wine tourism.

The country has been making the alcoholic drink since Phoenecian times and was prized by the Romans, the BBC reports.

Because of this, the broadcaster notes, alcohol is not banned in the mainly Islamic country and member of the Moroccan wine-growers association Mehdi Bouchaara said negotiations are continuing with China about exporting there.

Such a rise in demand and production could lead to the development of wine tourism and wine-based properties in the country, with the BBC suggesting the export levels may even top those seen when the nation was a French protectorate.

The State of Monaco has recently set about creating its own Monte Carlo-style resort outside Marrakech.

It is seeking to attract the rich and famous to buy homes in a private residential development there, with one of those targeted being Formula One world champion Jenson Button.

Morocco 'seeing property rise again'

Thu, 29 Oct 2009 00:00:00 GMT

Morocco's property sector has bounced back from the dip it saw after 2007 and is offering good reasons to invest again, it has been stated.

In an article on the country, Buy Association said that capital gains of up to 35 per cent are possible.

The portal noted that the government of the country has been taking action to help boost the economy and property sector, including providing financial incentives for Moroccan expats to buy houses in their homeland.

Another measure is one of major slum clearance projects.

The wider economy is being aided by investment in tourism infrastructure and high-speed rail, something that could interest those looking to invest in tourist property.

Earlier this month, Global Arab Network said that many overseas buyers like to purchase a riad in a town like Marrakech, Essaouria and refurbish it.

It suggested a cheaper alternative might be to invest in a new apartment in Tangier.

Morocco tipped as ideal second home investment location

Wed, 7 Oct 2009 00:00:00 GMT

Morocco has been listed as an ideal place to buy a second home.

The country has seen its economy and property market remain healthy despite the world economic downturn, with property prices rising since 2007, Global Arab Network stated.

It suggested that this is likely to continue with major plans to increase tourism and investment in the country.

The news provider noted that many investors like to buy and restore a Riad in places such as Marrakech, Essaouria and Fez, although it noted that sometimes this can be costly.

An alternative is to pick up a newer apartment in places like Tangier.

It also advised that it is wise to carry out extensive research before buying, with employing a realtor to check legal documents being an important move.

Alex Peto of property firm Aylesford told the Daily Telegraph last month that an investment in Marrakesh over five years is likely to be a profitable one.

Ourika 'offers ideal Moroccan investment'

Tue, 22 Sep 2009 00:00:00 GMT

Those thinking of buying Moroccan property may find the area around Ourika in the Atlas Mountains to be the ideal location, it has been suggested.

Although part of the land outside the city walls has been heavily developed with homes for expats, the Bab Adrar area has been subject to more controls and is fairly uncrowded, the Times reports.

British developer Peter Roberts told the paper: "Where we are is still wonderfully peaceful and quiet. We are among olive groves, sheep, cows and small Berber villages, where the people are extremely friendly."

Expat Kenton Jones also suggested the vicinity is a "wonderful place" for those with children to live.

Last month, actress Stephanie Beacham praised Essaouira as a good place to go, reflecting on its "wonderful" ambience and cafe culture in an interview with the Daily Mail.

She had managed to acquire a home there for £25,000 before renovating it and putting it back on the market.

Morocco in new tourism bid

Thu, 19 Mar 2009 00:00:00 GMT

A new website aimed at bolstering tourist numbers has been launched by the Moroccan tourist board.

Moroccothereapy.com is a site concentrating on last-minute deals, as research has shown that tourists are tending to book later during the economic downturn, the Times reports.

Deputy director at the board's UK office Aziz Mnii said: "We want to put Morocco upfront of people thinking of which destination to visit."

Such a measure may help boost tourist numbers in Morocco, which in turn could be beneficial to those investing in property there.

Senior partner with the International Law Partnership John Howell told the Press and Journal last month that the growth of the holiday trade provides a good reason to invest in Moroccan property.

He noted that the government of the north African country has instigated a "ten-year infrastructure improvement plan with a view to boosting tourism".

Overseas investments to be 'scaled back'

Tue, 17 Feb 2009 00:00:00 GMT

UK-based property investors are likely to scale back their activities in the coming months due to the weak value of the pound, one expert has forecast.

According to Adam Samuel, director of Nubricks.com, purchases of foreign property are likely to become "few and far between" in the current market as the falling rate of sterling is making buying property abroad less financially viable.

"UK investors at the moment are struggling to find anything that stacks up that isn't in sterling," he explained, noting that the property markets in Morocco, Dubai and the euro zone are "not looking as attractive" with the current exchange rates.

However, Mr Samuel noted that there is a greater chance of Irish investors continuing to operate in the market, as they have the advantage of dealing in euros.

The news follows a recent report by Foreign Currency Direct, which found that Britons are 47 per cent less likely to see overseas property as a viable investment than they were 12 months previously.

Morocco named as potential investment destination

Thu, 12 Feb 2009 00:00:00 GMT

Morocco has been identified as one location that may be ideal for UK property investors looking to make a purchase abroad.

John Howell, senior partner at the International Law Partnership, told the Press and Journal that the North African destination has a number of attractions that could tempt real estate buyers.

The country, which benefits from year-round favourable weather conditions, is not much further from the UK than Spain and uses French as its national language, he said.

"Additionally, Morocco has a government that has committed itself to a ten-year infrastructure improvement plan with a view to boosting tourism," he told the news source.

However, he warned potential buyers that regardless of where they choose to invest, they should ensure that both the type and price of the property is suitable before making a purchase.

Morocco's tourism minister, Mohammed Boussaid, recently revealed that the country is expecting to profit from the economic crisis, as he expects holidaymakers to head for the country in favour of more expensive destinations.

Morocco has great potential for romance and value for money

Thu, 29 Jan 2009 00:00:00 GMT

With St Valentine's Day fast-approaching, a luxury tour operator has pointed to Morocco as an ideal destination for an adventurous romantic destination.

The country offers the opportunity to relax, explore and indulge, according to Cadogan.

With interesting street markets and a plethora of sumptuous foods available, couples will enjoy a trip to Moroccan cities such as Marrakech.

"A bonus for Morocco is that it is located outside the Eurozone so customers can make their sterling go further and splash out on extra luxuries such as couple's spa treatments, romantic dinners or even shopping for the kids they left behind," the company said.

As well as relaxation, the country offers adventure in the form of hot air balloon rides or treks through the wilderness of the Atlas Mountains.

As a nation famous for its cuisine, Moroccan food enjoys a mixture of Spanish, Corsican, Portuguese, Berber, Middle Eastern, Moorish, African and Mediterranean flavours, meaning there is something to suit almost any palate.

Visit our off-plan property Morocco page

Flight searches for Morocco on the rise

Tue, 27 Jan 2009 00:00:00 GMT

New search engine data has revealed that the number of UK people using the internet to find flights to Morocco rose significantly during 2008.

According to figures from online research firm Hitwise, Morocco was one of the only countries to display an increase in search engine activity last year, with many destinations experiencing a dip in search numbers.

Flight searches for Morocco went up by 2.1% over the last 12 months, while Brazil experienced an even bigger rise, with 19.5% more searches recorded for the South American country.

Robin Goad, director of research at Hitwise, commented: "In terms of warmer destinations, the weak pound is encouraging people to look further afield for bargains, with places such as Brazil, Morocco, Cuba, Kenya and India all moving up the rankings over the last 12 months."

Atlas Blue has launched a new direct route between Gatwick Airport and the Moroccan city of Fez this year, with an increase in visitor numbers expected as a result.

Visit our off-plan property Morocco page.

Moroccan property offers charm and value for money

Tue, 20 Jan 2009 00:00:00 GMT

A couple's search for a coastal property in Morocco is set to feature on the new series of TV programme Fantasy Homes by the Sea.

Beginning on UKTV Style today (January 19th), the show is presented by Jenni Falconer and will follow the progress of Adele Cable and Stuart Eaglestone as they look for a Moroccan home with a budget of £450,000, the Sunday Mail reports.

According to the Scottish newspaper, houses in the north African country have "charm by the bucketload", while also being more affordable than many European locations.

"On average, property prices in the north African country are around half that of Europe's most popular resorts, so you will definitely get more bang for your buck," it states.

The publication also recommends investing in one of Morocco's traditional riads, commenting on the "gorgeous interior courtyards" of these properties.

Earlier this month, the Moroccan authorities unveiled plans to build a brand new city in the Al Boughaz region by 2020.

Visit our off-plan property Morocco page.

Morocco offers alternative to Canary Islands

Tue, 20 Jan 2009 00:00:00 GMT

The Moroccan coastal resort of Essaouira is expected to welcome more foreign visitors this year.

With many British holidaymakers expected to shun traditionally popular destinations within the eurozone in favour of more affordable alternatives, Essaouira could be one of the places to benefit, according to the Guardian.

The newspaper has chosen the town as one of its top 20 non-eurozone destinations for 2009, claiming that it is poised to replace Tenerife as a popular spot for family holidays.

Essaouira offers an alternative to the "skyrocketing" prices of the Canary Islands and is also able to provide comparable watersports facilities, according to the publication.

"The long arc of sand is ideal for all watersports, while the old town is great for browsing and bartering," the Guardian states.

John Howell of the International Law Partnership recently recommended Morocco as an "adventurous location" for overseas property investors.

Visit our off-plan property Morocco page.

Morocco recommended for "adventurous" investors

Thu, 8 Jan 2009 00:00:00 GMT

Property investors with a taste for emerging destinations have been advised to consider Morocco.

Chosen by John Howell of the International Law Partnership as one of 2009's top ten overseas investment spots, Morocco is described by countrylife.co.uk as a "more adventurous location" which could reward investors willing to stray off the beaten track.

According to the website, the advantages of investing in Morocco are many, with the north African nation relatively accessible for people based in Europe.

The country also enjoys a warm climate for most of the year and is benefiting from major government investment in infrastructure projects.

In addition, there are three separate but equally attractive property markets in Morocco – the Mediterranean area, Atlantic coast and Marrakesh.

Earlier this week, the Independent reported that 'mid-haul' destinations such as Morocco are set to become popular with holidaymakers abandoning the eurozone this year,

Visit our off-plan property Morocco page.

Morocco to benefit from familyfriendly holidays

Sat, 3 Jan 2009 00:00:00 GMT

The Moroccan tourism industry is set to receive a boost with the launch of a new service aimed at families with small children.

According to the Guardian, the niche market of "toddler tourism" will continue to grow this year as more operators look to cater for family groups containing children under five.

Holiday operator Explore is preparing to launch a family-friendly trip to Morocco as part of its new Toddler Tours, taking in the sights of Marrakesh and a walking expedition in the foothills of the Atlas Mountains.

The company describes Marrakesh as "one of the world's most stunning cities" and claims that viewing the city with the peaks of the High Atlas in the background creates an "unforgettable first impression".

As well as the obvious attractions of Marrakesh, the city of Fez is expected to attract more first-time visitors to Morocco this year due to the launch of new flights by airline Atlas Blue.

Visit our off-plan property Morocco page.

Morocco good for investors

Wed, 31 Dec 2008 00:00:00 GMT

An overseas property expert has said that Morocco's stable economy makes the country an interesting prospect for investors.

Steve Wright, a property specialist based in the West Midlands, told the Birmingham Post that Morocco is one of several emerging markets which have managed to avoid the economic problems currently afflicting larger economies

He said that the north African country is "basically credit-crunch free", making it an appealing location for savvy UK-based property investors in the current climate.

"Morocco has no linkage at all to any bad debt," Mr Wright explained.

The property expert also said that investment opportunities remain attractive in France, despite the falling value of the pound against the euro.

Last week, acting director of Invest in Morocco Mohammed Aref Hassani told Reuters that the country will continue to attract foreign direct investment in 2009.

He described Morocco as a nation with "a strong investment climate, attractive financing, a competitive workforce and logistics".

Visit our off-plan property Morocco page.

Morocco still attracting foreign investment

Thu, 25 Dec 2008 00:00:00 GMT

A government official has said that foreign companies will continue to invest in Morocco next year.

Mohammed Aref Hassani, acting director of Invest in Morocco, told Reuters recently that the north African nation may find it difficult to replicate 2007's record level for foreign direct investment, which was estimated at $4.5 billion.

However, he said that Morocco remains an attractive proposition for international investors due its robust banking sector and relatively affordable operating costs.

Looking forward to 2009, he told the news agency: "Companies will look to countries with a strong investment climate, attractive financing, a competitive workforce and logistics.

"We in Morocco are in this situation."

Mr Hassani also said that the global financial crisis has not hit Morocco's ongoing project to improve infrastructure and boost the tourism sector.

"We will continue to develop our tourist sites and we are still seeing a lot of interest from European, American and Asian groups," he stated.

A higher number of tourists are expected to visit the Moroccan city of Fez next year after Atlas Blue announced new flights from London Gatwick.

Visit our off-plan property Morocco page.

New flights good omen for Morocco

Sat, 20 Dec 2008 00:00:00 GMT

The launch of new flights to Fez is expected to boost interest in Morocco as a holiday and property investment destination.

According to editor of thetravelmagazine.net Sharron Livingston, the "easy access" provided by Atlas Blue's new Gatwick to Fez route represents a "good omen" for the city and Morocco in general.

The airline is set to launch twice-weekly flights from the London airport to Fez in January 2009.

Interest in Fez as a travel destination has been steadily increasing recently, with the city beginning to emerge from the shadow of its more well-known counterparts such as Marrakesh and Casablanca.

Ms Livingston described the city as the "religious, cultural and culinary capital" of Morocco.

The travel expert also said that Fez is likely to retain its authentic customs despite the anticipated increase in foreign visitors, as the "culture and traditions are what pulls in the tourists".

According to the Telegraph, major infrastructure improvements are making Morocco increasingly popular with property buyers from overseas.

Visit our off-plan property Morocco page.

Low cost property projects set to help developers in Morocco

Fri, 19 Dec 2008 00:00:00 GMT

Morocco is in a good position to weather the global financial crisis with property development and important part of maintaining economic stability, it is claimed...

Morocco popular with second home buyers

Thu, 11 Dec 2008 00:00:00 GMT

An increasingly diverse range of investors are buying property in Morocco on account of the country's improved infrastructure and accessibility, it has been claimed.

The Times recently included Marrakesh in its list of up-and-coming cities for property purchases, claiming that the availability of cheap flights and the government's recent tourism drive is creating many opportunities for investment in the city.

Although Marrakesh's reputation as a "bohemian bolt-hole" remains, the city also appeals to investors from other backgrounds, according to the newspaper.

"With its new five-star out-of-town golf resorts, it is as likely to attract City players as culture-loving buyers who want to immerse themselves in an old-town riad," the article states.

Chris Monroe, a 48-year-old oil trader from Berkshire, told the Times that his property just outside Marrakesh functions as a holiday home while also generating some rental income.

"We'll use the property as a family second home and I'll rent it out for a few weeks each year to cover the annual costs," he explained.

A growing number of British property buyers are seeking an authentic Moroccan experience by investing in the historic city of Fez, nuwireinvestor.com recently reported.

Visit our off-plan property Morocco page.

Golf in Morocco creates investment opportunity

Wed, 10 Dec 2008 00:00:00 GMT

With the popularity of golf on the rise in Morocco, now might be the time for enthusiasts to invest in property in the country.

KPMG has produced a north Africa report to go alongside its third annual Golf Benchmark Survey, and the research shows the extent to which the game of golf has developed in the region over the last decade.

There are now 18 golf courses in Morocco, 14 in Egypt and ten in Tunisia, and travel and tourism is said to be the main driving force behind the increasing number of facilities.

With around 40 further projects already underway, more and more golf tourists look set to visit Morocco and north Africa, suggesting rental demand for properties in Morocco will be high.

"Our survey found that golf managers were optimistic about the future business prospects for their courses, although our analysis was conducted prior to the full scale unfolding of this autumn's global financial crisis," commented Andrea Sartori, head of KPMG's Golf Advisory Practice in EMA.

"However, we believe the outlook for the north Africa region remains positive."

Africa's most famous golfer is Gary Player, who turned pro just three years after first picking up a club.

He went on to become a nine-time major championship winner.

Visit our off-plan property Morocco page

Morocco prepared for tourism boom despite global economic slowdown

Tue, 9 Dec 2008 00:00:00 GMT

Morocco's tourism minister is confident that the global economic turmoil will not impact negatively on perceptions of the north African country as a viable holiday location, it has been revealed.

Indeed, in an interview with Deutsche Presse-Agentur dpa, Mohammed Boussaid suggested that the financial meltdown might even be of benefit to Morocco.

"I am convinced that our country can profit from the current economic crisis," he told the news provider.

He based this positive outlook on Morocco's proximity to Europe and the fact that travel to the country had become easier.

Mr Boussaid said he expected European travellers to choose locations closer to home given their budgetary constraints - but that Morocco was still well within reach.

This suggests that property investment in the country could be profitable as demand for rented accommodation from tourists is likely to remain high.

Figures released by Morocco's tourism ministry show six per cent more tourists visited the country in the first ten months of this year than they did in 2007.

Morocco has strong ties with Europe and celebrated the 50th anniversary of its independence from France in 2006.

Visit our off-plan property Morocco page

Morocco set for 'tourism boost'

Mon, 8 Dec 2008 00:00:00 GMT

Tourism in Morocco is still on the increase despite the global economic slump, the country's tourism minister has stated.

Speaking to Deutsche Presse-Agentur, Mohammed Boussaid said that the country is preparing itself for an influx of tourists from Europe as holidaymakers opt for the country over more expensive, far-flung destinations.

"I am convinced that our country can profit from the current economic crisis," Mr Boussaid was quoted as stating.

And his comments are supported by figures released by his department earlier in the week, which suggest the first ten months of 2008 brought a six per cent increase in visitor numbers, boosting them to 6.7 million.

Property investors considering making purchases in the country may be encouraged by Mr Boussaid's comments and invest in homes in the area to potentially benefit from the steady flow of tourists.

It was recently announced that Air Arabia is to further improve its flight services to the country, a move that may result in further tourist activity.

The airline stated it will commence services linking Morocco to Casablanca from next year.

Morocco still accessible on a budget

Tue, 25 Nov 2008 00:00:00 GMT

Holidaymakers on a budget can still visit Morocco, despite the recent growth of the country's tourism sector.

This is according to Jane Folliott of Orion Trek Voyages, who said that prices have risen slightly in Morocco on account of its growing popularity with international holidaymakers.

However, she explained that it is still possible to travel "reasonably cheaply" in the north African country, which experienced a 14% rise in visitor levels during 2007, according to figures from the Moroccan tourism board.

Ms Folliott said that Marrakesh remains popular with UK visitors, partly due to the fact that "lots of low-cost airlines" now offer flights to the city from British airports.

Earlier this month, the Telegraph reported that Morocco is becoming increasingly popular with property investors from the UK.

Major infrastructure improvements such as new road and rail links, as well as upgrades to regional airports, are attracting British buyers.

Visit our off-plan property Morocco page.

Property market in Morocco tipped to thrive despite global economic downturn

Fri, 21 Nov 2008 00:00:00 GMT

Morocco is still an attractive location for property investment despite the credit crisis, it has been claimed.

According to Ahmad Al-Ameer, vice-chairman and CEO of Kuwaiti Gulf Holding Company (GHC), Morocco has managed to remain insulated from the global economic turmoil and may therefore be more conducive than other countries to property growth.

"All the world is witnessing a painful bleeding. However, there are countries like Morocco that are not affected by the crisis," Mr Al-Ameer commented.

Construction work on GHC's new $1.3 billion real estate project in Tangiers, Morocco started on Monday (November 17th), highlighting the company's faith in the stability of the country's economy.

Indeed, Mr Al-Ameer said he expected the north African country's economy to grow by six per cent in 2008.
"Morocco's (economic) indicators are positive," he confirmed.

Jane Folliott of Orion Trek Voyages recently intimated that Morocco's temperate climate and transportation links make it a popular location for Christmas holidaymakers.

Visit our off-plan property Morocco page

Middle East developers positive about investment in Morocco

Wed, 19 Nov 2008 00:00:00 GMT

Middle East developers regard North Africa, and Morocco in particular, as one of the best places in the current climate to invest in...

Airport expansion continues in Morocco

Sat, 15 Nov 2008 00:00:00 GMT

Air Arabia has announced the purchase of 10 more planes for its new hub in Morocco.

In a development which is likely to make the country even more accessible to air passengers, the United Arab Emirates-based airline will add 10 Airbus A320 models to its 34-plan order for the Casablanca hub, scheduled to open early next year.

Air Arabia plans to operate domestic services from Casablanca, as well as providing flights to destinations in Europe and Africa once the fleet is fully up and running.

From its base in the UAE, it currently flies to over 40 cities in the Middle East and South Asia.

The Telegraph recently reported how a programme of infrastructure developments introduced in Morocco by King Mohammed VI – including the upgrade of regional airports to attract low-cost airlines - is attracting more property investors to the country.

Figures from the Ministry of Tourism show that Morocco received 7.41 million visits from tourists in 2007, representing an increase of 13% on the previous year.

Visit our off-plan property Morocco page.

New air service coming to Morocco

Fri, 7 Nov 2008 00:00:00 GMT

Air Arabia has announced that it is to establish a new hub in Morocco next year.

In a move that may interest those thinking of investing in property in the country, the airline has said it will set up its new base in Casablanca.

With some of the flights from the carrier serving European destinations, this may help increase access to the country and encourage more property investment and tourism to the country.

Those keen on investing in Morocco may find that tourism is a major growth factor in the industry, it was reported last month.

In a feature on the country, the Daily Telegraph noted that King Mohammed VI has been leading a major investment programme aimed at building up the tourist infrastructure, with more airports, holiday resorts and possibly an undersea tunnel connecting it to Spain.

The paper said the programme may be already bearing fruit, with an 11 per cent rise in visitor numbers in the first five months of the year.

Africa has "buzzing" property prospects

Mon, 8 Sep 2008 00:00:00 GMT

A number of very good property prospects exist for overseas buyers in Africa, it has been stated.

Many countries on the continent are seeing substantial economic growth, either through their natural resources such as oil and minerals or through other industries such as textiles and outsourced services, Nuwire Investor reports.

It stated that news of the prospects in countries such as Morocco and Egypt has been "buzzing" around, while southern African countries (including South Africa) have been tipped to do well in the area of game reserve properties as conservation moves up the agenda.

The portal stated that much of this good news has been hidden by a media concentration on places with major problems such as Zimbabwe and Somalia.

Last month property magazine Homes Overseas added Morocco to its list of the "Premier League" of overseas property destinations, stating that massive investment is going into a project to boost its tourist numbers from the current annual total of 2.2 million to ten million by 2010.

Morocco offers adventure to visitors

Sat, 6 Sep 2008 00:00:00 GMT

Morocco has been praised for offering visitors the chance to enjoy a number of exciting activities.

Tour operator Journey Beyond Travel said holidaymakers are becoming increasingly keen to engage in more adventurous pursuits to make the most of their time abroad.

The north African country was highlighted as an ideal destination for this group, as it offers attractions such as mountains and deserts where people can go trekking, rafting and cycling.

Commenting on its appeal, spokesperson Thomas Hollowell said: "The adventure is all the fun - you'll have the time of your life in knowing that what you're doing satisfies you."

He added that the number of people booking adventure trips in Morocco has gone up tenfold in the last 12 months.

Morocco attracted a record number of people last year, as about 7.4 million tourists chose to visit places such as Marrakesh and Tangier.

Visit our off-plan property Morocco page.

Morocco praised by broadcaster

Tue, 12 Aug 2008 00:00:00 GMT

Broadcaster Jo Sinnott has spoken positively of the investment potential that Morocco currently offers.

Speaking to Property Wire, the host of Real Estate TV's Next Big Thing said investors may be able to get healthy returns in the north African country.

Ms Sinnott said this is partly because it has a growing tourist trade, which is fuelling demand for rental accommodation in many areas.

She also revealed that Morocco offers a number of lifestyle attractions, such as good weather, lots of history and easy access from the UK.

"More and more people want to travel there," Ms Sinnott commented.

"There is massive property investment potential."

She added that Morocco is a "fantastic" property market which is "almost on our doorstep".

Morocco attracted a record number of people last year, as about 7.4 million tourists chose to visit places such as Tangier and Marrakesh.

Visit our off-plan property Morocco page

Morocco praised by broadcaster

Tue, 12 Aug 2008 00:00:00 GMT

Morocco recommended to rental investors-300708

Wed, 30 Jul 2008 00:00:00 GMT

Overseas property investors have been advised to consider purchasing a residence in Morocco.

According to Fleewinter.com, the north African country could be a good investment market because it has a growing tourism sector.

This, it said, means that it offers a strong rental market, as incoming visitors always require somewhere to stay.

As a result, property owners could find themselves in line to enjoy healthy rental yields throughout the year.

However, Alisdair Luxmoore of Fleewinter.com has recommended that investors who wish to make the most of the tourism market would benefit more if they buy a property close to the sea.

He remarked: "If you want a return on your investment, in terms of tourists coming to stay in your place, then being by the coast is an enormous help."

Mr Luxmoore added that an investment property also needs to be located close to an easily accessible area, such as Marrakech.

Morocco attracted a record number of people last year, as about 7.4 million tourists chose to visit the country.

Visit our off-plan property Morocco page

Buy-to-let investors pointed towards Morocco

Wed, 30 Jul 2008 00:00:00 GMT

People who plan to invest in a buy-to-let property overseas have been advised to consider purchasing in Morocco.

According to Fleewinter.com, the north African country currently has a growing tourism industry, which means that rental demand is very strong.

Therefore, owners of a buy-to-let property in popular tourism hotspots could be able to benefit from considerable rental returns.

However, the website has advised that if people wish to make the most of the potential the market currently offers, they should invest in a property near the sea.

Alisdair Luxmoore, spokesperson for Fleewinter.com, said: "If you want a return on your investment, in terms of tourists coming to stay in your place, then being by the coast is an enormous help."

He added that a property's rental potential could also be maximised if they buy in a place which is easy to reach, such as Marrakech.

According to official figures, more than seven million foreign leisure travellers visited Morocco in 2007.

Rio Ferdinand adds to property portfolio with houses in Morocco

Mon, 28 Jul 2008 00:00:00 GMT

Rio Ferdinand has invested in the Moroccan property market. Instead of competing in Euro 2008, Ferdinand has kept busy buying seven houses at a beach complex in Morocco...

Ferdinand wanted a base for family holidays as well as buying for purely investment purposes, reports The Mail on Sunday. Ferdinand invested £2m in Sadia, Morocco, where miles of unspoiled coastline were the big attraction.

However, Ferdinand also was thinking of the future: "It's not as well known here. It's got greater investment potential and I'm getting in early, although you have got to use your imagination." The Jardin de Fleur development where Ferdinand has invested is part of King Mohammed VI's Azur Programme to boost tourism, and although the site is still under construction "a smart marina hints at what is to come".

Ferdinand was involved in the design of one of his properties, a five-bedroom villa based on the traditional riad style. Currently he plans to use it for family holidays but eventually hopes to retire there.

When completed in 2010 the Jardin de Fleur development will have 3,600 apartments, townhouses and villas, three 18-hole golf courses, sports facilities, restaurants and shops.

Ferdinand's seven Moroccan properties add to his existing property portfolio; a villa and two flats on the Turks and Caicos Islands, a holiday home in Barbados and a London penthouse overlooking the river Thames.

This story was brought to you by holidaylettings.co.uk, the UK's No.1 holiday home website.
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Credit crunch 'not affecting Morocco'

Thu, 24 Jul 2008 00:00:00 GMT

A property analyst has claimed that Morocco is not being negatively affected by turbulence in the global economy.

According to Dominic Farrell, editor of Jet-to-Let magazine, the ongoing credit crisis is mainly affecting countries such as the UK, the US and Ireland.

By contrast, many financial institutions in Morocco are still apparently lending money to customers.

Commenting on this trend, Mr Farrell said it is because banks in the north African nation has been relatively unexposed to global economic problems.

This could partially explain why foreign markets are currently seeing a surge of interest among British property buyers.

"I have definitely seen a sharp increase in the amount of interest from potential investors over the past six months," Mr Farrell committed.

Speaking to the Liverpool Daily Post, he added that many people are unable to enter the British market and are seeking alternatives as a result.

According to Currencies Direct, many of the people who are buying homes in Morocco are those who wish to live abroad on a permanent basis.

Lifestyle buyers enter Moroccan market-170708

Thu, 17 Jul 2008 00:00:00 GMT

Morocco is becoming increasingly popular with overseas property buyers from the UK, experts have stated.

According to Currencies Direct, the north African country is proving to be especially appealing to lifestyle buyers, such as retirees who wish to live abroad.

Mark O'Sullivan, director of dealing at the group, attributed this to a number of factors, such as the natural beauty of its coastlines.

Speaking to the Telegraph, he commented: "Morocco benefits from coasts on the Atlantic and the Mediterranean, giving the growing number of retirees that we have witnessed purchas¬ing property there a choice of dramatic beach locations."

However, Mr O'Sullivan added that the country's healthcare system falls some way behind European standards.

Therefore, he has recommended that retirement-age Britons take out private health insurance in case they fall ill at some point in the future.

Morocco was recently flagged up as a potentially lucrative investment market by Homes Overseas magazine, which said house prices are likely to go up "significantly" over the next few years.

Lifestyle buyers head for Morocco

Thu, 17 Jul 2008 00:00:00 GMT

Morocco is proving to be very popular with lifestyle buyers from the UK, industry analysts have revealed.

According to Currencies Direct, many of the people who are buying homes in the country wish to live abroad on a permanent basis.

Spokesperson Mark O'Sullivan said many of the expats are people who have opted to spend their retirement overseas.

Speaking to the Telegraph, he stated that these people have been drawn to the country by its natural attractions.

Mr O'Sullivan commented: "Morocco benefits from coasts on the Atlantic and the Mediterranean, giving the growing number of retirees that we have witnessed purchasing property there a choice of dramatic beach locations."

However, he said people from the UK may find that some aspects of Morocco, such as its medical facilities, do not meet European standards.

Morocco has also been attracting greater attention from British holidaymakers in recent months.

According to the Association of Independent Tour Operators, this is partly because the strong euro has pushed up the cost of staying within Europe.

Moroccos economy will keep growing-150708

Tue, 15 Jul 2008 00:00:00 GMT

A government official in Morocco has predicted that the country will continue to see strong economic growth in the next four years.

Finance minister Salaheddine Mezouar stated that between now and 2012, the economy is likely to grow by 6.3% on an annual basis, reports Reuters.

Morocco's growing tourism industry was said to be an important part of its future economic expansion, especially as it is helping to attract foreign investors to the country.

Mr Mezouar commented: "We are convinced the Moroccan economy has enough appeal to have this ambition."

He added that in the year so far, the country's rate of economic growth has outpaced earlier estimates of 6.8%.

This could be good news for overseas property buyers who are thinking of purchasing a property in the north African nation.

Morocco was recently flagged up as a potentially lucrative investment market by Homes Overseas magazine, which said house prices are likely to go up "significantly" over the next few years.

Investors pointed towards Morocco

Mon, 14 Jul 2008 00:00:00 GMT

Morocco has been flagged up as a potentially lucrative location for foreign property buyers to consider.

Homes Overseas magazine stated that efforts to boost the country's tourism sector are having leading to growth in its housing market.

This is because money is being spent on new homes and infrastructure improvements, thereby enhancing the desirability of many areas.

Furthermore, the likely influx of extra visitors could lead to much greater demand for rental accommodation in Morocco, creating more wealth-generating opportunities for property owners.

As a result, house prices are going upwards and are likely to keep doing so, which means investors could enjoy considerable capital growth.

Homes Overseas commented: "Expect property prices to appreciate significantly over the next few years."

The government in Morocco has set itself the target of increasing annual visitor numbers to ten million by 2010 - up from 7.4 million last year.