Estate Agents & Advertisers: Login or Register Telephone Number Tel: (+34) 952 471 774 | UK Freephone UK Freephone: 0800 047 0597 | US Toll Free US Toll Free: +1-866 656 7152
IPIN Left IPIN Middle IPIN Right
Header Corner
Find Property in :

E.g. "Marbella" or "Manchester". Looking for more search options?

 
Secure Exit Strategy


Property investors 'should focus on Marrakech'

Date : (News Section: Morocco)

Share
Property investors 'should focus on Marrakech'

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.
 


Share

Article created on behalf of Propertyshowrooms.com News Desk ()

Related Articles

  1. Moroccan Govt to Build Affordable Housing Options
  2. Target UK holiday let market in Morocco
  3. Could the Moroccan property market experience a Spanish invasion?
  4. Is tourism harming the Moroccan property market?
  5. Moroccan property market holding firm



Let us search for you Let Us find Property in Morocco for You

Fill out a requirements form and our experts will help you find a great selection of Properties for sale in Morocco.

SubscribeGet Email Updates!

   

* We value your privacy and will never share your email address with anyone else.

Min. 35% Net Return over 5 Years from 82,000GBP
Development Showcase

Subscribe to This Feed

RSS News
Subscribe to this RSS Feed
Country: Morocco
Channel: All

More RSS FeedsGo

Media/Press SectionProperty News Search


   

News ArchivesNews Archives

View worldwide property news from as far back as 2005 in our News Archives Section.

View News ArchivesGo