Many overseas purchasers are considering with interest property for sale in Morocco, due to amazingly low prices and the promise of high returns on investment in the short to medium term.
Property for sale in Morocco is wide-ranging: investors and second homebuyers are opting for anything from traditional Riads within city centres to luxury villas or apartments on Morocco’s many off-plan developments and new coastal resort complexes.
Tourist numbers continue to increase in Morocco as a result of the “Open Skies” initiative, bringing with it budget package airlines to its international airports and helping meet the government’s target levels of tourism by 2010. Property for sale in Morocco is now in high demand as buyers are reassured that they will find a good rental market for their properties in prime holiday locations, such as Marrakesh, Fez and Mediterrania Saidia.
Demand for property in Morocco still outweighs supply and prices remain a great deal less than in many other destinations. Morocco’s easy access and proximity to Europe is widely regarded as an added advantage. All indications show that those investing in carefully chosen property for sale in Morocco today can reasonably expect to enjoy considerable capital growth of between 15% and 30% per annum.
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