About MoroccoWith an array of world class developers from all over the globe choosing this classical Arabian setting, to be the place where they will build their masterpieces, the Moroccan property market has never been more prosperous. Strongly supported by the countries leadership and forward planning of the last decade, Morocco has been characterized by its macroeconomic stability and its low inflation thanks to the well-managed monetary policy. A vibrant and exotic country that has already attracted home buyers, including Richard Branson and the Rolling Stones. Morocco offers the convenience of the Costa del Sol at significantly lower prices. In recent years, tourists and investors alike have realised that Morocco has a lot to offer. As well as the cultural centres of Marrakech and Tangiers, the Mediterranean coast line attracts buyers looking for a quieter and more beach orientated way of life. KEY FACTS
RENTAL RETURNS AND TOURISM A healthy return has been achieved with yields as high as 11% in beach locations last year. In 2006, 6.8m tourists visited Morocco with large percentages from Spain and France as well as the UK. Morocco has set up a tourism strategy to attract 10m tourists by 2010.
CAPITAL APPRECIATION AND THE PROPERTY MARKET Morocco’s year round climate and diverse culture have made it an increasingly popular target for investors. Major cities and coastal areas of Morocco have recorded capital growth of over 30%per annum in the last few years. The property market is set to continue to grow at a brisk rate driven by the $10bn King’s vision scheme.
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Morocco, in the News... |
"Morocco has become a one-stop shop for building permits, cutting the delays for construction firms by 10 days. Customs clearance has also been streamlined by introducing a new risk-based inspections system." http://english.alarabonline.org/display.asp?fname=2007%5C10%5C10-06%5Czbusinessz%5C979.htm&dismode=x&ts=06/10/2007%2011:27:40%20Õ
"It's come out of the real frontier level of the emerging markets. It's much more established in that respect, but it still is a very early market. It's still got a lot of growth and a lot of potential in it, but it's been going now for three years so it's not a frontier state anymore." http://www.holidaylettings.co.uk/resources/property-news/property-investment-news/-all-of-morocco-is-appealing-for-property-investors/a-2-55-638/ |

