Real Estate & Other News in Morocco from Propertyshowrooms.com

Morocco plans new golf courses

Mon, 30 May 2011 00:00:00 GMT

No less than 13 new golf courses are due to open in Morocco over the course of the next three years, the country's national tourism office has revealed.

Currently, there are a total of 27 courses located across the nation, with the expansion planned as part of its Vision 2010 and Vision 2020 schemes.

The news could prompt a number of international investors to buy property in Morocco in order to cash in on the ever-expanding market.

It follows the release of figures by the Moroccan National Tourist Office which show that golf tourism has increased by 40 per cent in the last three years, with the number of golfing visitors exceeding 170,000.

Meanwhile, Philip Arnott of Morocco Properties, recently claimed that property buyers are looking at prime sites located just on the outskirts of Marrakesh.

He added in an interview with Overseas Property Professional that the strongest growth in the country's real estate sector is within the top end of the market.

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.

Tourism boosts Moroccan property market

Fri, 30 May 2008 00:00:00 GMT

Efforts to boost tourism in Morocco are directly impacting on its housing market, property experts have stated.

According to Amberlamb, the Moroccan government is aiming to attract ten million visitors a year by 2010.

As part of this plan, it has invested in the creation of new resorts in desirable locations, which include leisure outlets, amenities and accommodation.

The organisation said that this has helped to raise the international profile of Morocco, which in turn has led to interest from foreign property buyers.

Therefore, the country is receiving an economic boost from both the tourist trade, overseas investment and a growing housing market.

Amberlamb commented: "It is ensuring that interest is intense and it is already returning positives for real estate as a contributing sector to the overall economy."

This comes after NuBricks.com said the tourism sector in Morocco is "on the up" and has witnessed some "impressive growth" in recent years.

The online portal described a property purchase in the country as a "sound addition" to any investment portfolio.

Outdoor Activities 'Can be Enjoyed in Morocco'

Thu, 17 Jan 2008 00:00:00 GMT

Morocco could be a good destination for people who want to enjoy outdoor activities, a media outlet has suggested.

Ukrainian newspaper the Kyiv Post said that its good weather was conducive to pastimes such as shopping in the country's markets.

However, the publication also highlighted a number of more exotic and active pursuits, such as desert driving over "sugar-soft" sand dunes.

The Kyiv Post commented: "The weather is tourist-friendly pretty much all year round."

Prospective visitors were also told that Morocco's mountains were worth visiting between December and March, as this was the main skiing season.

For the rest of the year, it said the mountains were good for trekkers as the snow would have thawed by this time.

Further leisure activities on offer in Morocco were also highlighted today by the Times, which said visitors could go on desert walks, safaris and camel treks.

African air traffic 'has increased'

Tue, 11 Dec 2007 00:00:00 GMT

Growing demand among global consumers to fly to Africa has driven a worldwide increase in air passenger numbers.

Research by Airports Council International found that during the year to October 2007, the overall number of air passengers across the world went up by six per cent.

According to the organisation, much of this increase came about as a result of growing demand for flights to African countries.

In particular, Morocco and South Africa were highlighted as two of the most popular destinations.

This suggests that the tourist sector in these countries is expanding, therefore leading to growing demand for rental accommodation.

Morocco has just been recommended as a good location for overseas property buyers by a British media outlet.

The Independent stated that its warm climate and affordable house prices made it a good alternative to the UK during the winter months.

Marrakech is a "significant" property market

Wed, 15 Aug 2007 00:00:00 GMT

The increase in Moroccan tourism has turned Marrakech in particular into a property hotspot, according to a property expert.

Some 4.5 million tourists have visited the country since 2001 and is seeking to increase that to 6.5 by 2010, reports Easier.com.

Rob Shaw, marketing and operations manager for Morocco Properties, told the website that Marrakech was a centre for business, tourism and culture that was attracting investors, visitors and people who wanted to live there permanently.

"It is my personal opinion that Morocco, particularly Marrakech, will become a long-term favourite with those from the UK," he said.

He added that it was easily competing with Brazil and Turkey as an overseas property hotspot, partly due to its ease of access and flight time from the UK, and developments including quality hotels, sports and leisure facilities and an indoor market.

Investors Provident director, Hetal Shah, said that Morocco was a "highlight" for property investment and people were becoming more adventurous investors.

Oasis Beach & Golf prices to increase Jan 31st!

Wed, 17 Jan 2007 00:00:00 GMT

Oasis Beach and Golf Resort, Mediterranea Saidia, Morocco

5% increase after 31st January!

Prices will increase by 5% by the end of this month, 31st January 2007, allowing you instant 5% equity gained on your newly reserved property! You will then need to sign the contract by 28th February in order to secure the pre-increase price.

The hugely popular Mediterranea Saidia is still the ONLY resort in Morocco we recommend to our investor clients as it has by far the greatest investment potential in Morocco. There are many projects aiming to produce a similar product but none compare with the quality, amenities and financial stability to be found here, so beware of those cheaper imitations! Sitting behind the marina and commercial centre in one of Mediterranea Saidia’s prime locations, Oasis Beach & Golf Resort is one of the best value projects currently available in Morocco.

With property values currently increasing by an average of 2% per month on this resort, investors are acting fast as only a limited number of units are now left. Reservations are fully refundable and subject to your inspection by 28th February if you are looking to secure the pre-increase prices, so our advice is don’t miss out - book your inspection trip now!

Click here for more information

OASIS BEACH, MOROCCO: A LAST CHANCE TO BUY AT LOWEST PRICES!

Tue, 12 Dec 2006 00:00:00 GMT

Many of our readers will already be aware of this stunning new project located at the prestigious Mediterranea Saidia on Morocco’s Mediterranean coast.

Due to popular demand, the developers are increasing prices of ALL remaining units by 5% on Tuesday 2nd January 2007. This is an excellent sign for existing investors in this project, while there remains plenty of room for further growth. If you wish to be amongst these early investors, you will need to reserve before 2nd January to secure pre-increase prices, while you will be able to view by the end of January.

Property purchasers are attracted by Oasis Beach because it forms part of the luxury Mediterranea Saidia Golf Resort, the most extensive and up-market ever to be built in Morocco, and the only one on the Mediterranean coast. Backed by the King’s Vision 2010 plan, the resort is a safe investment and will benefit from the brand new infrastructure and facilities currently being put in place. You can choose between beautifully designed, high specification apartments, penthouses, townhouses and villas set amidst golf courses and landscaped gardens, with communal swimming pools and a club house. All residents also enjoy exclusive access to the luxurious beachside Oasis Beach Club.

Today, you can snap up a three bedroom apartment at Oasis Beach for only £109,863. This price will rise to £115,356.90 after 2nd January 2007. Considering typical growth on this resort stands at an average of 2% per month, it is understandable why property purchasers are jumping at this opportunity.

Remember, Tuesday 2nd January is your LAST CHANCE TO SECURE ORIGINAL PRICES and pocket your first 5% of capital appreciation on your investment in Oasis Beach.

Please contact an IPIN expert who will gladly help you with your enquiry.

Urgent Penthouse unit available

Wed, 18 Oct 2006 00:00:00 GMT

As many of our Morocco clients shall be aware, Le Jardin de Fleur is perhaps the best selling and most exclusive project on the market at present, on the prestigeous Kings Resort of Mediterrania Saidia. The first phase of apartments sold incredibly quickly, and as such, many of the prime units such as Penthouses were sold within weeks. However, the developer has released one such unit back onto the market due to another buyer being unable to complete, and we are in turn offering this opportunity directly on to YOU! But you will need to hurry!

We predict it will take just a matter of hours for this unit to be reserved.

Penthouse number 1152d is what is known as a prime 'outside' Penthouse, meaning it has much larger terraces than many others. The specifics of this apartment are as below...

Penthouse 1152d Phase 1, Block 17b

- 2 Bed, 2 Bath

- Living Space 117.15m2

- Terrace 30.24m2

- Solarium 103.54m2

- Total 250.93m2

- Views to Pool Complex, Marina & Commercial Centre, Parks, Mountains.

£163,604.00 plus costs or €240,964.00 plus costs

As you can see, this unit represents fantastic value for money for its size and don't forget, all Jardin de Fleur units come fully furnished with air conditioning throughout, designer kitchens and bathrooms and very high quality finishes. Above all however, this unit is an excellent investment opportunity for the one client who acts quickest!

MOROCCO TAKES STRIDES TOWARDS THE EU

Wed, 18 Oct 2006 00:00:00 GMT

European Union Commissioner for External Relations, Benita Ferrero-Waldner has confirmed this month that the EU is considering giving Morocco more recognition in its relations with the European Union.

Due to Morocco’s booming economy and many recent reforms, she told Newsweek International, “We already have a very, very close relationship with Morocco and we’re studying giving them even more advanced status”. This is good news to Prime Minister, Driss Jettou, who is quoted as saying “We want to be the southern rib of Europe” and he predicts, “In 10 years, we will be a fully-fledged partner in the EU family”.

Since its signing of the Euro-Med Partnership in Barcelona in 1995, Morocco has forged a deepening relationship on the European diplomatic front. This means that Morocco will now be included in more political discussions, including immigration, social issues as well as foreign affairs matters. Free-trade agreements are also being negotiated in Brussels and Rabat, as Morocco takes another step forward towards EU recognition.

Foreign investment, which doubled last year to €1.7 billion, has boosted Morocco's booming economy, improving the infrastructure, tourist industry and living standards to European levels. Trade between Europe and Morocco was up 35% last year, and exports to Europe doubled to €16 billion. Meanwhile, even without the EU “member” title, these economic indications show that Morocco’s property market today offers outstanding potential to early investors.

Les Grandes Villa's Launched

Thu, 17 Aug 2006 00:00:00 GMT

PropertyShowrooms.com are excited to announce the release of the latest and most luxurious of the Jardin de Fleur projects on Mediterrania Saidia; Les Grandes Villa's.

All villas have their own unique individual design, are completely decorated and fully furnished, including marble flooring throughout, and individually designed kitchens by NOBILIA (all appliances included). Each garden has a swimming pool with its own "séjour", which is a small summer house.

There will also be an exclusive Clubhouse with a restaurant and bar, a tennis court as well as a Putting & Practice Green. The complex shall be set around one of Mediterrania Saidia’s 3 golf courses and directly around a beautiful lake, with selected Villa’s in the prime locations being afforded the best direct lake views. Property Purchase tax of 14% is also included in the purchase price!

These Villa’s really are a top-end investment, and represent the highest in luxury and quality. Those who are able to reserve early shall have a full choice from a range of stunning designs. However, this is a low density project with just 25 luxury villas available, so early reservations are encouraged to avoid disappointment.

All Villa’s are located on plots of at least 900 square meters, contain 3 or 4 bedrooms and are designed with maximum emphasis on space. Prices range from 628,000€, up to 999,000€, and upon inspection of the designs, we are sure you will agree that this represents outstanding value. If these Villa’s were located in certain areas of the Costa del Sol, just across the other side of the Mediterranean for example, prices would be expected to start at around 2.5million€!

As with all projects within Mediterrania Saidia, investors shall have full use of the resorts facilities and attractions, which should also be noted when considering this project as an investment destinationwithin easy reach of whole host of European departure points, with Ryanair having secured landing slots at the local airport :

A promenade with 17 Beach Clubs.
3 challenging 18 hole golf courses.
Marina with over 800 mooring points.
Diving and sailing centre.
A yacht club.
Multiple Restaurants & Bars surrounding the harbour.
European Shopping centre, occupied by such brands as Versace, Hugo Boss and Armani
A Moroccan Medina.
Medical Centre.
First Class sporting facilities, such as an Equestrian Centre, Football Ground, Olympic Swimming
Pool, Tennis Courts, etc.
An Aquatic Park.
A Spa.
Amusement Park.
Eleven 4 & 5 Star Hotels with multiple facilities (Including a Hilton Hotel).
Exhibition Centre

Next Steps

To get a head start on other investors and find out more about this truly unique investment opportunity, please either register your interest at www.PropertyShowrooms.com/morocco, or call us on 0871 734 1851 (from the UK) or on +34 952 198 656 from outside the UK.

1.4 Billion 'Gateway to Morocco' project.

Mon, 7 Aug 2006 00:00:00 GMT

Ryanair announce luton to Morocco routes from £2.99

Thu, 27 Jul 2006 00:00:00 GMT

http://www.travelmole.com/stories/109944.php?mpnlog=1

Le Jardin de Fleur, Morocco 3rd phase released.

Thu, 8 Jun 2006 00:00:00 GMT

The developers of Le Jardin de Fleur located in Mediterrania-Saidia, Morocco have announced the final phase of the highly successful development. For more information please visit http://www.propertyshowrooms.com/morocco/property/investment/

MOROCCO WINS RYANAIR VOTE OF CONFIDENCE

Thu, 1 Jun 2006 00:00:00 GMT

This week the leading low fares airline, Ryanair, has announced it is signing a long-term agreement with the Moroccan government to introduce some 20 new routes to regional airports in Morocco, bringing with them an expected 1 million passengers per annum. This is very good news to all investors in Morocco and confirms its promising future as an encouraging property investment market. The deal forms part of the Open Skies Agreement, which encourages airlines to offer competitive fares and increased airlines to Morocco, bringing with it a huge influx of visitors and an obvious positive impact on property prices. The agreement with Ryanair is perfectly in line with Morocco’s drive to encourage significant growth to its tourist industry which is currently in full swing: six new projects to develop golf resorts and luxury hotels around the country began recently. Meanwhile, an improved infrastructure and new economic strategies are set to actively encourage foreigners to invest in property in Morocco. Announcing the agreement in Rabat, Ryanair’s Deputy Chief Executive, Michael Cawley, said, “We are delighted to make this joint announcement with the Government of Morocco. This represents a singularly important initiative in the development of tourism and business for the country”. Ryanair will be announcing many new route announcements in the near future, thus playing an important role in increasing tourist numbers and boosting the tourist economy of Morocco. As a consequence, the property investment potential of Morocco to overseas purchasers is now reaching unprecedented levels. Investors are keen to take advantage of increased international interest in Morocco while prices still remain low.

Easyjet wings into Morocco

Mon, 6 Mar 2006 12:35:00 GMT

Easyjet has announced what it claims is its most significant expansion for two years after launching new routes to Marrakech, Istanbul and Croatia’s third largest city, Rijeka. This marks the low-cost carrier’s first foray into African routes.

Daily services will operate from Gatwick to Marrakech from July 4 and from Luton to Istanbul from June 29 with a four times weekly frequency from Luton to Rijeka beginning on June 30.

Chief executive Andrew Harrison said the expansion of its non-EU network will exploit both the growing leisure and business travel markets.

"Croatia, Turkey and Morocco are forging an ever-closer relationship with the UK and Europe," he said. "As a consequence the demand for low cost fares to these countries is growing quickly and easyJet will be in a unique position to benefit from this development."

Harrison added: "This is probably our most significant expansion since the start of our new routes to Central and Eastern Europe in May 2004."

If other major low-cost carriers decide to enter this market as well, prices may be forced ever lower. As has been seen on numerous occasions in the past, the arrival of low-cost airlines often proves to be a major driving force behind the growth of overseas property buyers in a country or region, so this is the perfect time to look at investing in these newly accessible areas.

Source: New Skys News. Skynews.co.uk. March 2006

Rocking the Casbah

Mon, 6 Mar 2006 10:56:00 GMT

Something strange is stirring in the deserts of North Africa. On scrubby ground outside the Moroccan city of Marrakech, plots are being fenced off and hundreds of thousands of dollars are changing hands for non-descript strips of red brown soil.

The property market in Marrakech is about to expand in a big way. Forty years after the city first gained a reputation as a bohemian magnet for rock stars and fashion designers, the traditional apartment market is saturated and property investors are arriving in a big way.

Some of the biggest names in villa development are now preparing to move in, with one of the UK's biggest developers planning the launch of a £25 million, 40 villa complex next month, to be constructed around a hotel and spa on the outskirts of town, from one of the worlds leading hotel chains.

Properties will start at £300,000 for a two-bed property, rising to £1 million for four-bed villas. The hotel will arrange rental tenants through the year while the owner is away. Another UK property investment company is planning its own more modest complex of £100,000 apartments, with use of clubhouse and spa, outside the city walls. Many, many more are planning further developments. "There’s so much construction going on, Morocco feels like a mini Dubai. The city is changing completely," local estate agent Alban Pamart told the Times.

Others, like Scottish property investor Jimmy Boyle, who is constructing two £500,000 villas outside the town and who has just paid £150,000 for enough land to construct nine more, is confident that the holiday home market is now diverse enough, and Marrakech exotic enough, to lure rising numbers of visitors - especially with a UK flight time of three hours.

"There’s nowhere like Marrakesh. The buildings, the market, the mountains, the food - the whole place is one big exotic adventure. Anybody can go to the jolly old seaside but here, drinking beer in the sun while looking at the white peaks of the Atlas Mountains, well, that’s unique."

SOURCE: Assetz Property News March 2006