Real Estate & Property Investment News in Morocco from Propertyshowrooms.com

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.

Domestic demand 'holding up Morocco property market'

Thu, 15 Sep 2011 00:00:00 GMT

Demand among the domestic population in Morocco is helping to boost the country's housing market, one local expert has highlighted.

Nik Kapur, director at M2Morocco.com, explained that this is being further enhanced by foreign investors looking for real estate in Morocco.

And due to the high demand for quality homes, anyone who wants to rent out their property in the nation should be able to find tenants, while the sector itself is also developing, he noted.

"The rental market in the main cities is now starting to mature, with more professional agents and management companies appearing to give investors peace of mind," Mr Kapur commented.

He added that local people are primarily targeting to the low to mid-end of the market, with this particularly noticeable in large urban areas.

Earlier this month, a representative from Aerium Atlas Management told Gulf News that Marrakech is a good location for foreign investors to target.

This is due to its political stability, which is helping the economy to grow and therefore putting it in a "stronger position" than other nations in North Africa.

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.

Moroccan real estate market stalls

Fri, 22 Jul 2011 00:00:00 GMT

The market for holiday properties in Morocco is struggling, according to one sector commentator.

David Le Bail, director of consulting at DTZ, stated that "the second home market collapsed totally" following the bombing of a Moroccan cafe in April this year.

This compounded the effects of the financial crisis and uprisings in other Arab nations which had already slowed the real estate sector in the country.

The National cited figures from CB Richard Ellis, showing that housing prices in the nation declined by 50 per cent between 2008 and 2010. Meanwhile, it also noted that half of the available housing stock in Morocco last year was vacant.

However, property investment firm Immobiliertanger commented that it believes certain areas of the country could offer growth in the future.

Last month, the company stated that villas in Tangier could offer good returns due to the increase in tourist arrivals in the city, which may boost the holiday homes rental market.

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 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.

Morocco offers affordable, quality real estate

Thu, 19 May 2011 00:00:00 GMT

Tangier is emerging as one of the more fancied investment destinations for individuals keen to expand their international property portfolios, it has been suggested.

The city is benefiting from a number of large-scale restorations that have taken place which have made it a hotbed for tourism.

Indeed, the tourism industry has contributed to the city’s rapid growth in recent years, with the Moroccan government even expecting the number of tourists visiting the country to reach more than 10 million in the years to come.

The booming holiday trade means that individuals looking to buy property in Morocco have the opportunity to take advantage of the buy-to-let market, with a plethora of reasonably-priced real estate making it a popular location for buyers.

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.

Top end of the property market performing well in Morocco

Fri, 4 Feb 2011 00:00:00 GMT

Property buyers in Morocco are looking at prime sites located just on the outskirts of Marrakesh, it has been claimed.

According to Philip Arnott, of Morocco Properties, the strongest growth in the country's real estate sector is within the top end of the market.

This in turn has fuelled the number of major developments which are taking place on the outskirts of the city, Mr Arnott told Overseas Property Professional.

"We are finding that the middle market, in which people were looking for a second home or a small riad has gone very flat since the financial crisis," he said.

"Our clients are looking at properties in the €2.3 million to €4.6 million bracket, particularly those which are further out in places like the Palmeraie."

Overseas property buyers benefit from low no property tax to be paid for five years; no inheritance tax and no capital gains tax after 10 years of ownership says Arnott.

Take advantage of Morocco's coastline by purchasing real estate in Tetouan

Tue, 25 Jan 2011 00:00:00 GMT

Individuals looking to buy property in Morocco have been encouraged to consider looking at what is available in the north of the country.

According to an article in the Manila Bulletin, the city of Tetouan is perfect for those wanting to take advantage of the attractive coastlines and beaches that Morocco is blessed with.

"Tetouan is a city found in Northern Morocco and one of the two main ports of the country," the news provider explained.

"Being situated on the Mediterranean coast, Tetouan is well known for its collection of beautiful beaches. Tetouan's beaches are among the best and most attractive in the Mediterranean area."

Meanwhile, investors wanting to buy real estate in Morocco will be encouraged by news that British Airways (BA) is launching new flights to the country in March next year.

BA has identified Marrakech as its top destination of 2011, in acknowledgement of the city's potential for growth in the tourism sector.

BA launches new flights to Morocco

Thu, 16 Dec 2010 00:00:00 GMT

British property investors looking to buy real estate in Morocco will be encouraged by news that British Airways (BA) is launching new flights to the country in March next year.

BA has identified Marrakech as its top destination of 2011, in acknowledgement of the city's potential for growth in the tourism sector.

Commenting, the company's chief executive Willie Walsh said: "Tourism and leisure travel is a crucial focus for us, so growing our holidays business is a major part of our business plan."

BA added that the early response to the launch of the new route to Marrakech "has been incredible".

Meanwhile, according to experts at Experience International, Morocco is one to watch as we head into 2011, with it boasting a booming tourism market.

The news is sure to interest potential buy-to-let investors looking to purchase property in Morocco who will be able to benefit from the rise in visitor numbers.

Some ten million tourists are set to visit Morocco in 2010, an impressive 14 per cent growth compared to 2009.

Morocco is a 'winter sun' destination for Brits

Fri, 3 Dec 2010 00:00:00 GMT

Brits are now searching further afield for their winter sun holiday destinations, new research has found.

According to Experian Hitwise's latest travel report, destinations in India, Morocco, the Canary Islands, Egypt and Turkey were among the most popular searches on the web during the last quarter.

Individuals looking to buy property in Morocco will be interested to learn that the city of Marrakech was named as the fastest moving destination of the year.

Since October 2009, Marrakech has jumped 29 places, showing the greatest year-on-year increase in market share of flight-related searches online, Experian Hitwise claimed.

Robin Goad, director of research at the company, commented: "This quarter's fastest movers have been completely dominated by the winter sun destinations.

"UK travellers are clearly looking forward to sun rather than snow this winter."

Meanwhile, Reuters recently reported that strong economic growth in Morocco has been driven by an increase in real estate and construction activity in the country over the past decade.

Economic growth boosted by construction in Morocco

Mon, 29 Nov 2010 00:00:00 GMT

Strong economic growth in Morocco has been driven by an increase in real estate and construction activity in the country over the past decade, Reuters reports.

Speaking to the news provider, Morocco's central bank revealed that the annual growth of property prices in the country nearly doubled during the third quarter of this year.

Compared to levels a year earlier, the price index rose 2.4 per cent over the period compared to 1.4 per cent in the second quarter, Bank Al-Maghrib said in a note.

And individuals looking to buy property in Morocco may be interested to learn that this was fuelled by higher prices for middle-class apartments, which accounted for 89 per cent of all home sales during the quarter.

However, while, apartment prices rose 3.5 per cent, the prices of villas fell by four per cent and those of detached homes remained flat, the bank added.

Meanwhile, the government has stepped up its spending with the view to extend ownership by upgrading existing infrastructure and offering tax breaks and incentives to buyers, Reuters explains.

Investors told Morocco 'has potential'

Fri, 19 Nov 2010 00:00:00 GMT

Morocco has been one of the hottest property markets of the last decade in terms of climate and investment potential, it has been claimed.

According to experts at Experience International, the country could be one to watch as we head into 2011, with it boasting a booming tourism market.

The news is sure to interest potential buy-to-let investors looking to purchase property in Morocco who will be able to benefit from the rise in visitor numbers.

Indeed, the property portal reports that over the past 12 months HomeAway.co.uk has seen a 55 per cent increase in booking enquiries this year with average weekly rates for two and three-bedroom properties at £452 and £746 respectively.

Some ten million tourists are set to visit Morocco in 2010, an impressive 14 per cent growth compared to 2009.

In addition, British Airways has recently announced that it will be running a new thrice-weekly flight from London Gatwick to Marrakech - making the country more accessible for visitors and buyers alike.

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 set to become a popular tourist destination

Wed, 5 May 2010 00:00:00 GMT

Individuals with property in Morocco may be pleased to hear that the African destination offers travellers the most exotic experience for the shortest flight.

According to travel expert Sarah Baxter, holidaymakers will be able to immerse themselves in the culture-rich country after just a three-hour flight.

Ms Baxter, deputy editor at Wanderlust magazine, explained that travellers are becoming more adventurous and as such destinations like Morocco should become more popular this year.

"Morocco offers the most exotic experience for the shortest flight. In just three hours you can be nose-deep in culture shock," she added.

"Travellers are getting more adventurous, looking for more experiential travel, rather than just beach flops."

According to tour operator Gap Adventures, there has been a 200 per cent increase in bookings to Egypt and Morocco so far in 2010, compared to last year.

In order to meet the rise in demand, the company has introduced a number of new tours to the destinations.

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.

Tourism in Morocco predicted to continue rising

Wed, 20 Jan 2010 00:00:00 GMT

Property investors in Morocco will be pleased by news that tourism in the country rose by six per cent in 2009, according to a report.

The figures, released by Reuters, show that despite difficult economic times Morocco was able to increase its visitor numbers to 8.35 million last year.

Government officials are already predicting a further rise of ten per cent in 2010.

Tourism minister Yassir Znagui made the forecast and stated that the country wished to focus its efforts on "sustainable tourism, respect for the environment and a top quality tourism product" in the coming 12 months.

Over the past decade Morocco has more than doubled its tourism income, with investment in holiday accommodation contributing towards its popularity.

Othman Cherif Alami, chairman of Morocco's National Tourism Federation, said: "I think in 2010 we can achieve six per cent growth in foreign currency earnings and get back to the level we were at in 2008."

Last year, Morocco was hailed as 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.

Morocco in golf boost?

Thu, 10 Dec 2009 00:00:00 GMT

Morocco may put itself on the golf property map with news that an event featuring some of the world's best players is to be played there next year.

The Professional Golfers' Association has unveiled its Race to Dubai schedule for 2010, which will see the 47-tournament programme climax in the emirate next November.

In the meantime, property seekers in Morocco may be interested to know that the itinerary will see the inaugural Hassan II Golf Trophy contest taking place at Royal Golf Dar Es Salam in Rabat from March 18th to 21st.

The sight of big-name players could help spread the popularity of golf in the north African country and may in turn trigger the growth of property associated with the sport.

Another development that could boost the market in Morocco will be the creation of a Monte Carlo-style resort, after the State of Monaco-owned Monte Carlo SBM recently unveiled plans for a GBP120 million hotel and residential resort outside Marrakech.

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 'set to be new Monte Carlo'

Fri, 13 Nov 2009 00:00:00 GMT

Marrakech in Morocco could become the new Monte Carlo, in a plan backed by the State of Monaco.

The body has a controlling stake in resort operator Monte Carlo SBM, which is planning a £120 million hotel and exclusive residential development outside the town.

Invitations have been sent by the firm to people who currently live in Monaco for tax reasons to consider buying into the new project, including the likes of Formula One motor racing world champion Jensen Button and head of Barclays Banking Bob Diamond.

Such a move may also help the overall property market grow in the country, by making it more fashionable.

Last month, it was noted that the country's market is on the up after a dip caused by the credit crunch, with BuyAssociation stating that capital gains of up to 35 per cent can be enjoyed by investors.

The portal noted that the country's government has sought to aid this by offering incentives to expats to buy in their homeland, as well as a slum clearance programme.

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.

Casablanca 'a hot market'

Tue, 13 Oct 2009 00:00:00 GMT

The property market in the Moroccan city of Casablanca is a strong one that offers good investment prospects, an expert has said.

Jonathan Seale of CBRE told the Times: "In prime central Casablanca you may double your money within ten years."

He noted that the city and Rabat are less dependent on overseas buyers than places like Marrakesh and local estate agents have said prices have not fallen in these cities.

In Marrakesh, however, values became overinflated and a recent drop during the world economic crisis has been a "good thing", according to Elisabeth Ober of estate agency Aylesford International.

The paper said that the best Marrakesh bargains are available in the suburbs.

Morocco is an ideal place for Britons to buy a second home, the Global Arab Network recently stated.

It said that the overall property market and economy has carried on growing through the world economic crisis and should continue to do so as there are plans to increase tourism and investment in the coming years.

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.

Essaouira tipped for Morocco buyers

Sat, 22 Aug 2009 00:00:00 GMT

Those keen on buying properties in Morocco could consider the charms of Essaouira, according to actress Stephanie Beacham.

The Bad Girls star told the Daily Mail she had spent just £25,000 on a small property in the town, which she had then renovated herself.

She stated: "Essaouira is so atmospheric and there is a wonderful cafe culture. There's a market square and craftsmen and rug-makers selling beautiful and authentic things on your doorstep."

The newspaper noted that most Britons in Morocco choose to live in Saidia, Tangiers and Marrakech.
At present, a one-bedroom home will cost around £90,000 and a four-bed house £140,000, Property agent Alisdair Luxmoore told the news provider.

Stephanie Beacham is not the only well-known figure to buy a home in Morocco.

The late fashion designer Yves Saint Laurent owned a house close to Tangiers and it has recently been revealed that this is now up for sale.

Morocco in tourism award

Wed, 15 Jul 2009 00:00:00 GMT

Morocco has been hailed as Africa's top tourist destination this year, something that may help boost the holiday lettings market.

The country was honoured with the accolade at the annual African Business Awards.

Recognition of the north African nation's efforts to bring in more overseas visitors was based on its Vision 2010 plan, which aims to reach an annual total of ten million visitors by next year.

The website quoted head of the Moroccan tourist board in the UK Ali El Kasmi as saying: "We are delighted to have won such an accolade. Morocco offers a quality product and a cultural destination full of energy, mysticism and spice."

Recent figures from the United Nations World Tourism Barometer showed that Africa was the only continent in the world to see a rise in visitor numbers this year.

It noted that a major reason for this was the strong performance of north African countries on the Mediterranean coast.

Morocco property in possible new air boost

Wed, 6 May 2009 00:00:00 GMT

The Moroccan property sector may be boosted by news that a new budget airline has been launched which will begin flying between the UK and the north African country tomorrow (May 6th).

Air Arabia Marco will run a service using two new A320 aircraft that will fly between London Stansted and Casablanca four times each week.

Such a new service could help boost visitor numbers to the country, which in turn could make it easier not only for those buying property there to reach it, but also raise demand for private rental homes.

Casablanca itself may be one attractive proposition, with its mixture of historic and colonial architecture, plus many modern festivals.

These include the L'Boulevard festival at the end of May, featuring musical styles such as rock metal and fusion.

The city is also due to get a faster rail link to Tangier by 2016, cutting journey times from five hours to two, Magharebia reports.

Town is 'emerging secret' of Morocco

Tue, 28 Apr 2009 00:00:00 GMT

The town of Moulay Idriss is emerging as a new tourism destination in Morocco, it has been suggested.

In a feature on the location, the Times suggested that the settlement, which has deep historic and spiritual significance in the country, is becoming progressively more welcoming to outsiders, belying its image as a hostile and inhospitable place.

One of its features includes the shrine to and grave of Idriss I, who introduced the Islamic faith to Morocco and founded the Idris dynasty.

The opening up of places like Moulay Idriss to outsiders may help boost tourism in Morocco, something that could in turn be good news for those investing in property there.

Another positive factor may be the strength of the economy in the north African country.

The rate of economic growth will be between 4.7 per cent and 5.7 per cent for the first half of 2009, according to figures from the Moroccan High Planning Commission, reports Maghreb Arabe Presse.

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.

Morocco set for economic growth

Fri, 23 Jan 2009 00:00:00 GMT

Government officials in Morocco have forecast economic growth of 6.6% for the first quarter of 2009.

According to a statement released by the High Planning Commission (HCP) in Rabat on Tuesday (January 20th), increased income from agriculture is expected to offset the negative effects of the global slowdown during the early stages of the year.

The HCP said that Morocco's economy expanded by approximately 4.8% in the final quarter of 2008, with overall growth for the year estimated at 5.8%, Reuters reports.

Due to a significant increase in rainfall last year, the authority said that farming GDP could rise by 22% during the first quarter.

However, the HCP's statement also sounded a note of caution over the global economic situation.

"National economic activity is likely to evolve in a context marked by uncertainty over the scale of repercussions from the international financial crisis," it said.

John Howell of the International Law Partnership recently selected Morocco as one of his top ten property investment destinations for 2009.

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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.

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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 popular with internet property buyers

Sat, 17 Jan 2009 00:00:00 GMT

Morocco is emerging as one of the most popular locations for investment among members of the online overseas property community.

This is according to propertywire.com, which recently carried out a review of several leading property forums and found Morocco to be one of the most mentioned countries, along with Brazil.

According to the website, both nations are currently benefiting from economies which are "weathering the economic downturn better than many more established markets".

It adds: "The advantage that Morocco has over other emerging real estate markets is that is it close to Europe."

To demonstrate the country's growing status among overseas investors, propertywire.com cites a recent survey on the propertycommunity.com forum, which found that Morocco received the most votes in its chart of the best places to invest outside the EU.

Morocco was recently selected by John Howell of the International Law Partnership as one of the top ten property investment choices for 2009.

Visit our off-plan property Morocco page.

Moroccan authorities unveil plan for new city

Sat, 10 Jan 2009 00:00:00 GMT

The construction of a brand new city was officially announced by King Mohammed VI in Morocco yesterday (January 8th).

Located in the northern area of the country between Tangiers and Tetuan, the development is set to cover an area measuring 1,300 hectares and will initially provide housing for about 150,000 people, the Maghreb Arab Presse (MAP) news agency reports.

The Moroccan authorities hope to finish construction of the city, which forms part of a larger scheme to establish new urban areas in the Al Boughaz region, by 2020. It will cost 24 billion dirhams (£1.91 billion).

According to MAP, the new city will contain "several industrial zones, a handicrafts complex, a tourism-oriented area, city facilities and green areas".

The development will not only boost employment and housing opportunities in the north African nation, but is also intended to prevent the over-development of coastal cities by focusing new construction on inland areas.

Property website countrylife.co.uk recently selected Morocco as one its top ten overseas investment markets for 2009.

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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,

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Morocco to benefit from popularity of midhaul destinations

Wed, 7 Jan 2009 00:00:00 GMT

More people are expected to visit Morocco in 2009 as 'mid-haul' holiday destinations become increasingly popular with British travellers.

This is according to the Independent, which states that "mid-haul destinations will dominate the favourite travel hotspots list this year" as holidaymakers head outside of the eurozone for better-value breaks.

With traditional European resorts becoming increasingly expensive for Britons, the newspaper claims that Morocco and other mid-haul destinations will draw more visitors by offering "a mix of lower prices, guaranteed temperatures and a more exotic welcome".

Richard Cope of market research company Mintel added: "Rising prices means people are looking outside the eurozone. The easyJet routes into Morocco make these places accessible."

The Moroccan city of Fez has been tipped to experience a mini-boom in tourism levels this year, with airline Atlas Blue launching new flights to the historic destination from Gatwick Airport.

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".

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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.

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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.

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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.

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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.

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