The real estate market in Marrakech in brief

Marrakech offers something very different for the more adventurous traveler and overseas property buyer. One of the most beautiful, fashionable, refined and exotic locations in North Africa, which is very well established as a premier destination and take part together in Rome, Paris, Prague, Barcelona and Lisbon among others the lucrative market of tourism city break.

With a short trip (only 3 hours from London) and direct flights from most European cities, it's easy to see why Marrakech presents a fantastic opportunity for lifestyle property investors. European visitors are just a short flight away from experiencing a completely different culture and true year-round sunshine (333 days per year)-this makes it very hard to resist.

In a nutshell, is a low-risk, investment in long term appreciation excellent prospects, a thriving market rents and many wonderful benefits lifestyle-this is not what we are all looking for a second home? If you're looking for a beautiful villa in a luxurious area, a traditional Moroccan riad deep in the ancient Medina, an apartment in a fashionable neighborhood, or a magnificent country house with views of snow-capped mountains, give Marrakech.

EXCELLENT VACATION RENTAL MARKET:

The Morocco has a solid base of tourism and the number of tourists destined to grow faster than the amount of rental housing figures are available, should increase employment levels higher significance for investors and growth potential rental prices as demand increases.

Employment rates in Marrakech, as reported by many 5 star hotel are the highest in all of Morocco (60-90% per annum), there is no low season and 25% of the Moroccan tourist cards money is spent keeping the image of the city as a destination number 1 Moroccan.

30% of all international tourists visiting Morocco go to Marrakech and according to the official airline Guide (OAG) there are now over 100 direct flights every week from London alone during the high season.

' Vision 2010 ' King's plan to increase the number of foreign visitors to 10 million by 2010 and 20 million in 2020 will have benefits for the entire country, not just the new coastal resorts. The huge volume of visitors will create demand for rental throughout the country, now is the time to invest in the city of Marrakech.

BEAUTIFUL AND EXOTIC:

Marrakech is a city of diverse culture situated at the foot of the spectacular Atlas mountains. Within the rose coloured walls, the city is a maze of alleys, streets, squares, shops, restaurants, museums, mosques and markets. Once was the capital of Morocco and is often referred to as the "Pink City" because of the color of the Earth local used in its construction. Among the many attractions of Marrakech include several world-class golf, Atlantic beaches, little more than two hours away in one direction and the ski areas of the high mountains of the Atlas machine less than an hour in another.

THE ' MAGICAL DJEMAA EL FNA ':

Marrakech is truly the entertainment city in Morocco. In the city centre is the main square, Jemaa el Fna square, which is the point for a host of entertainers such as acrobats, drummers, dancers, musicians, comedians and storytellers. There is plenty of choice for meals, including a vibrant spectacle of stalls Jemaa el Fna square, many inexpensive coffee and a number of fine restaurants offering traditional cuisine of Morocco at its best.

MEDINA:

The old walled city, full of life, where you will find the magic-square Jemaa el Fna square and traditional. Northern Medina Souks of Marrakech is home and most of the workshops, as well as some important Islamic monuments. The South is less crowded Medina and Royal palaces of the city, the palatial Saadian tombs and museums.

LA PALMERAIE:

La Palmeraie, an oasis of 1,000 years around which was originally built Marrakech is located east of the old town. Is an area of about 10,000 hectares and is home to some of the most luxurious properties in Morocco. Many global celebrity palaces in this area along major Moroccan families. La Palmeraie Golf Club is located here and was designed by Robert Trent Jones Snr.

VILLE NOUVELLE:

Outside of the old medina is Ville Nouvelle, which was developed in the French colonial years and consists of Gueliz and Hivernage. Hivernage is an old French quarter, now the zone for lavish homes, embassies, hotels and luxury apartments. Gueliz is the Mall and shopping in Marrakech and is where you will find a vast number of restaurants and cafes in the French style, but with the taste of Africa.

ELEGANT APARTMENTS AND LUXURY VILLAS

If you're looking for a low-risk investment with excellent capital appreciation prospects then look no further than an apartment or a villa in Marrakech. The market is already established and long term can provide very attractive yields. Traditional Moroccan architecture reflects styles while at the same time often combining all the comforts of modern life. High Atlas mountain range, which extends in a broken chain for over 1,000 miles to create a background beauty inspired and also offer reliably in good condition.

RIAD

A riad is a townhouse typically located in the medina in Marrakech (old town). Traditional Moroccan architecture and furnishings, combined with beautiful patios and terraces offer the unique combination of private urban life and a tranquil environment and engaging away from the hustle and bustle of the city. For those looking for an authentic Moroccan style accommodation, the Riad provide a haven of tranquillity and a cross-section of tradition, culture and handicrafts.

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Investing in Morocco Property in 2009

The ascension of King Mohammed IV to the throne of Morocco in 1999 sparked a series of events that have resulted in Morocco property becoming a target for property investors from around the world.

An ambitious reformer, King Mohammed is the man behind the Vision 2010 plan, which aims to boost visitor numbers to 10 million per year by 2010, and build 250,000 new hotel rooms.

So far, it appears to be working. In 2007, 7.4 million foreign tourists visited Morocco, and this influx of visitors has prompted overseas investors, including thousands of Britons, to snap up villas and apartments in the coastal areas earmarked for growth under Vision 2010.

Known as Plan Azur, this part of King Mohammed's strategy provides for the construction of six new resorts in areas like Plage Blanche and Lixux. Also popular with overseas buyers are Marrakesh, Tangiers and Agadir on the Atlantic coastline.

Investors are also increasingly interested in property in Fez, the country's third-largest city, where prices remain low compared to property in Marrakesh, for instance.

Economic growth in Morocco during the second quarter of 2008 was up 6.5 per cent year on year, but in common with most world economies, the country is now facing more challenging times.

Officials believe that visitor numbers in 2008 are likely to be down on 2007, as the credit crunch and falling disposable incomes impact on tourism.

These factors are also affecting the property market, but the fact that the pace of development is being controlled should mean that unlike its near neighbour, Spain, Morocco won't suffer from oversupply.

When the dust settles on the global economic slowdown, Morocco could also find itself benefitting from the fact that it remains a low cost economy - westerners can holiday cheaply here, and ex-pats can take advantage of the country's low cost of living.

Rental yields in Morocco are currently in the 6.5 to 8 per cent range, which might seem modest compared to some emerging markets, but which should also be sustainable in the medium term.

Mortgages with a loan to value to ration of up to 70 per cent are available to foreigners to buy property in Morocco, although the banks have become more cautious in response to the credit crunch.

Morocco property prices rose by 20 per cent in 2006 and 15 per cent in 2007. Figures for 2008 are not yet available, although growth rates are likely to have dipped somewhat.

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Buying Property in Morocco - An Attractive Overseas Investment

The property in Morocco is fast becoming an overseas investor favorite due to its transparent economy and huge potential on this flourishing market. The media has indeed elevated its status by such large projects as the 'Vision 2010' which encompassed vast economic developments and widespread upgrades to the tourist sector.

There has been an increase in televised programs and newspapers that continuously publicize the rise of the Moroccan property market, with statistics now showing that currently 3 out of 5 African properties owned by Europeans overseas are within Morocco. This figure is very likely to increase as the government continues to push more initiatives to favor foreign investment and tourism, a win-win situation as the country's economic growth steadily increases and foreign investors will eye a much more favorable market amongst its nearby competition of the likes of Spain, Egypt, Turkey and even Dubai, which are struggling with the pace at which Moroccan properties are rapidly converting.

According to the World Travel and Tourism Council (WTTC), tourism in Morocco is set for steady growth within the next 5 years by between two and four percent. More tourism means the need for more accommodation; the property rental in Morocco is booming and attracting investors in the plenty. Luxury hotels are being built and upgraded all over the country; to name Marrakech that will be opening 20 large 5 star hotel within the festive season alone.

Among the British who now see Morocco real estate as a better option than its Spanish counterpart, so do the Spanish, the French and the Italians. Where the Spanish property market is over saturated with higher risk and prices, the Moroccan property market is still young and has a lower risk to returns ratio.

Moroccan property investor view points:

• Excellent all year round weather conditions

• Purchase tax only 1.0% on the total price

• Government registration fee 4%.

• Legal fees 0.5%.

• Property Agency commission 2.5% - 3%

• Rental income taxed at 13.5%. Rental income is free from tax for the first 5 years.

• 20% Capital Gains Tax if sold within 5 years, 10% to 10 years, 0% thereafter.

• Casablanca and Marrakech property prices average at around ?2,000 m².

• Local property rental market yields at around 7% - 10%

• Real Estate prices may increase by as much as 35% in some hot spots

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The Marrakech Property Market in Brief

Marrakech offers something very different for the more adventurous traveller and overseas property buyer. One of the most beautiful, fashionable, exotic and sophisticated locations in northern Africa, it is very well established as a premier destination and competes alongside Rome, Paris, Prague, Barcelona and Lisbon among others in the lucrative city break tourism market.

With a short travel time (only 3 hours from London) and direct flights from most major European cities, it is easy to see why Marrakech presents such a fantastic opportunity for lifestyle property investors. European visitors are only a short flight away from experiencing a completely different culture and true year round sunshine (333 days per year) - this makes it very hard to resist.

 

In a nutshell, it is a low risk, long term investment with excellent appreciation prospects, a thriving rental market and many wonderful lifestyle benefits - isn't this what we're all looking for from a second home? Whether you are looking for a beautiful villa in a luxurious area, a traditional Moroccan riad deep in the ancient Medina, an apartment in a fashionable suburb, or a magnificent country home overlooking snow-capped mountains, Marrakech will deliver.

 

EXCELLENT HOLIDAY RENTAL MARKET:

 

Morocco has a solid tourism base and with the number of tourists set to grow faster than the amount of available accommodation rental figures are expected to increase, meaning higher occupancy levels for investors and potential growth in rental prices as demand increases.

 

Occupancy rates in Marrakech as reported from the many 5 star hotels are the highest in all Morocco (60-90% per annum), there is no low season and 25% of the Moroccan tourist boards money is spent maintaining the city's image as a the number 1 Moroccan destination.

 

30% of all international tourists visiting Morocco go to Marrakech and according to the Official Airline Guide (OAG) there are now over 100 direct flights every week from London alone during high season.

 

The King's 'Vision 2010' plan to increase the number of foreign visitors to 10 million by 2010 and 20 million by 2020 will have benefits for the entire country, not just the new coastal resorts. The huge volume of visitors will create rental demand across the whole country, now is the time to invest in city of Marrakech.

 

BEAUTIFUL AND EXOTIC:

 

Marrakech is a city of diverse culture set at the foot of the spectacular Atlas Mountains. Within rose coloured walls, the city is a labyrinth of alleyways, bustling streets, open squares, shops, restaurants, museums, mosques and markets. It was once the capital of Morocco and is often referred to as the 'Pink City' because of the colour of the local earth used in its construction. Amongst Marrakech's many attractions include several world-class golf courses, Atlantic beaches just over two hours away in one direction and the skiing resorts of the High Atlas Mountains less than one hour's drive in another.

 

THE MAGICAL 'DJEMMA EL FNA':

 

Marrakech is truly the city of entertainment in Morocco. In the centre of the city is the main square, Djemaa el Fna, which is the operating point for a myriad of entertainers such as acrobats, drummers, dancers, pipe musicians, comedians and storytellers. There's plenty of choice for meals, including the vibrant spectacle of the Djemaa el Fna food stalls, many inexpensive cafes and a number of upmarket restaurants, which offer Morocco's traditional cuisine at its very best.

 

THE MEDINA:

 

The old walled city, traditional & full of life where you will find the magical square - Djemaa el Fna. The northern Medina is home to Marrakech's souks and most of the artisans' workshops, plus some notable Islamic monuments. The southern Medina is less crowded and features the city's royal palaces, the lavish Saadian Tombs and museums.

 

LA PALMERAIE:

 

Located to the east of the old city is the Palmeraie, a 1,000 year old oasis around which Marrakech was originally built. It is an area of approximately 10,000 acres and is home to some of the most luxurious properties in the whole of Morocco. Many global celebrities have mansions in this area along side important Moroccan families. La Palmeraie Golf Club is located here and was designed by Robert Trent Jones Snr.

 

VILLE NOUVELLE:

 

Outside the old medina is Ville Nouvelle which was developed during French colonial years and is made up of Gueliz and Hivernage. Hivernage is the old French residential district, now the area for palatial homes, embassies, luxury apartments and hotels. Gueliz is the shopping and commercial hub of Marrakech and is where you will find a vast number of fine restaurants and cafes in the French style but with the flavour of Africa.

 

LUXURY VILLAS AND STYLISH APARTMENTS

 

If you are looking for a low risk investment with excellent capital appreciation prospects then look no further than an apartment or villa in Marrakech. The market is already well-established and long terms lets provide very attractive returns. Architecture reflects traditional Moroccan styles while at the same time often combining all the comforts of modern living. The high Atlas mountain range, extending in a broken chain for over 1,000 miles create a backdrop of inspiring beauty and also offer reliably good skiing conditions.

 

RIADS

 

A riad is an urban house typically situated in the Marrakech medina (old city). Traditional Moroccan architecture and furnishings, combined with beautiful private courtyards and terraces offer the unique combination of urban living and a peaceful, engaging environment away from the hustle and bustle of the city. For those seeking an authentic Moroccan style of accommodation, riads offer a haven of tranquility and an insight into tradition, culture and craftsmanship.

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Morocco Property Investment - A New Overseas Investment Property Hot Spot

A number of factors have come together to make Moroccan property investment a fantastic opportunity for overseas property investors.

If you want great capital growth and an opportunity for significant income from the buy to "let market" then Morocco can offer you great risk to reward

If you are considering overseas property investment you should think of morocco property as an investment first.

Here are the reasons why:

Investment property in Morocco at present is offering annual capital gains of up 35%.

This capital growth is expected to continue, as tourism and cheaper flights make morocco more popular.

Morocco is already a popular tourist destination and the government is allocating 10 billion euros to increase tourism by several million visitors per annum.

Of course, as tourism grows so does demand rental properties.

You can not only make great annual capital gains with low risk ,but supplement this with a significant income from the "buy to let" sector.

If you are looking for cheap property for sale that has excellent capital growth potential then Morocco offers you outstanding risk to reward.

This market is still growing and capital growth looks set to continue for years to come.

Morocco Lifestyle

With its geographical location, just south of Spain it is seeing an increasing number of tourists and investors from Europe and other overseas locations.

Morocco is a country of stunning beauty, but also has the infrastructure to attract an ever growing number of tourists which include:

o Pristine clean sandy beaches and crystal clear seas.

* The stunning Atlas Mountains and the Sahara desert.

o A wealth of recreational facilities including: Fishing, scuba diving, golf, tennis hiking, Camel treks and a wealth of historic Moorish culture.

* Up-market tourist developments, that bring with them excellent cuisine, shopping facilities and improvements in infrastructure.

o A wide variety of languages are spoken and Spanish, English, Italian and French are common.

o It has a perfect location for other destinations to explore such as southern Spain, which is under an hour away.

o A great climate that includes, both hot summers and warm winters making.

The economic and political climate

Of course, all the above advantages of lifestyle are bringing more people to morocco than ever before.

This mass influx is being encouraged by huge investment to improve the facilities and infrastructure and makes Moroccan property investment attractive to buyers seeking both capital growth and rental income.

o Property prices are cheap and are up to 60% less than other similar Mediterranean resorts.

* Capital gains in property can be up 35% in many locations.

o Morocco has a very Low cost of living. For example, Morocco is far cheaper than its near neighbor Spain and provides a luxury lifestyle at affordable cost.

o Morocco has a booming property rental market with occupancy of up to nearly 90% in the peak summer months.

o Taxes are cheap. For example, tax on any capital gains is a maximum of 20% and in many cases can be nothing at all finally, there is no inheritance tax to pay finally, there is no annual property tax for 5 years.

o Finance is available and up to 70% mortgages are available to overseas investors.

For any property investor the major criteria for buying are:

o Affordable property prices with significant capital growth potential.

o Low taxation and flexible finance facilities.

o A stable economic and political climate that will foster growth.

Add in a buoyant "buy to let" market and it is no wonder Moroccan property investment is growing in popularity and the trend looks set to continue.

Discover more about investing in property in morocco and you may be glad you did.

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