Cyprus  
Egypt  
France  
Italy  
Portugal  
Spain  
Thailand  
Turkey  



Home > Overseas Property Articles

Top 10 Locations for Overseas Property Investment - 6



Country:  Morocco

Property in Morocco

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, so this North African gem hasn’t quite made it into the top five.


First published in February 2009.
First published in Homes Overseas Magazine Jan/Feb 2009. Some information contained within this article may have changed since it was first published. Homes Overseas strongly advises you to seek current legal and financial advise from a qualified professional.



There's also a range of articles for you to read about buying property in Morocco:
As well as our overseas news stories affecting the property market in Morocco .
Or view our range of property for sale in Morocco.


See Also:   Morocco


<< Previous Article
Next Article >>
Within Morocco

Some information contained within this article may have changed since it was first published. Homes Overseas strongly advises you to seek current legal and financial advise from a qualified professional.

Some properties in Morocco

CD03 - Cabo Dream Apart-Hotels, Cabo Negro, Morocco

CD03 - Cabo Dream Apart-Hotels, Cabo Negro, Morocco

Price: £23,457

Type: Apartment, House

Bedrooms: 1

The development occupies a strategic location in an elevated position, offering incredible and truly panoramic views of the Mediterranean, Cabo Negro Golf Course, the Rif Mountains (snow-capped in the winter) and the magnificent Tetouan river valley.


MG001 - MG Apart-Hotels, Cabo Negro, Morocco

MG001 - MG Apart-Hotels, Cabo Negro, Morocco

Price: £29,999

Type: Apartments

Bedrooms: 1

Last Few Units Remaining
Situated near wide, sandy beaches and Northern Morocco’s finest golf course at prestigious Cabo Negro.


CP-APT-AR001 - Marrakech Apartments, Gueliz, Marrakesh

CP-APT-AR001 - Marrakech Apartments, Gueliz, Marrakesh

Price: £42,940

Type: Apartment, Duplex

Bedrooms: 1

Duplexes, Studios and Appartments directly in Gueliz, highly sought after area in Marrakech, in the moroccan mythic city.
All amenities are nearby including shops, restaurants, bazars and a lot more ...


Studio Apartments, Playa Vista, Morocco

Studio Apartments, Playa Vista, Morocco

Price: €58,000

Type: Studio

Bedrooms: 1

'Playa Vista' - Live your dream in Morocco
Frontline beach living at its finest with plentiful on-site facilities, private marina and secluded beach.
Modern living at yesterday's prices.


CD01 - Cabo Dream 1BD, Cabo Negro, Morocco

CD01 - Cabo Dream 1BD, Cabo Negro, Morocco

Price: £53,498

Type: Apartment, House

Bedrooms: 1

NEW RELEASE


CD02 - Cabo Dream 2BD, Cabo Negro, Morocco

CD02 - Cabo Dream 2BD, Cabo Negro, Morocco

Price: £58,848

Type: Apartment, House

Bedrooms: 2

The development occupies a strategic location in an elevated position, offering incredible and truly panoramic views of the Mediterranean, Cabo Negro Golf Course, the Rif Mountains (snow-capped in the winter) and the magnificent Tetouan river valley.


BR001, Luxury Apartments,Marrakesh, Morocco

BR001, Luxury Apartments,Marrakesh, Morocco

Price: £70,670

Type: Apartment, Studio

Bedrooms: 1

Duplexes, Studios and Appartments directly in Marrakech City Centre, a highly sought after location in the Moroccan Mythic City.
All amenities are nearby including shops, restaurants, bars and a lot more ...
* Top quality construction220


CS001 - Colina Smir 1BD, Kabila Marina, Morocco

CS001 - Colina Smir 1BD, Kabila Marina, Morocco

Price: £72,279

Type: Apartments

Bedrooms: 1

Morocco Golden Mile
With ocean views from the ground floor Colina Smir offers spectacular sights, swimming pools, 300 meter stroll to vast beaches, a tennis club, and children’s play areas.


CP-RIF001 - Riad Sidi Ouwad, Fez, Morocco

CP-RIF001 - Riad Sidi Ouwad, Fez, Morocco

Price: £78,700

Type: House

Bedrooms: 4

Luxury Riad
Take advantage of this unique, once-in-a-lifetime opportunity to own a Raid in the spiritual and cultural center of Morocco. This imperial city has always enticed those who desire to see the heart of Morocco.


CP-AP-AP001 - Larache, Morocco

CP-AP-AP001 - Larache, Morocco

Price: £83,968

Type: Apartments

Bedrooms: 2

Exclusive Offer !
Atlantic Palms is nestled in the side of a gently sloping hill and is designed to grant each apartment a breath taking view of the Atlantic Ocean.
* 20-30% below market value investment with great rental opportunity220


featured properties

Price: £199,900

Bedrooms: 3 Bathrooms: 3

Every property has a private pool, garden area and roof terrace. Fully fitted kitchens and bathrooms are included in the property price.

More

Price: €58,000

Bedrooms: 1

Frontline beach living at its finest with plentiful on-site facilities, private marina and secluded beach - Live your dream in Morocco!

More

Price: £23,457

Bedrooms: 1

Offering incredible and truly panoramic views of the Mediterranean, Cabo Negro Golf Course, the Rif Mountains and the magnificent Tetouan river valley.

More