Morocco closing in on its 2010 vision

Morocco looks to be on track to meet its 2010 vision, with news that last year they welcomed 6.5 million tourists. This is an increase of 4.5 million tourists since 2001 and with favourable legislation aimed at attracting European property investors Morocco, located just 14km from the coast of Europe is certainly vying to become the top Mediterranean destination of the next decade.

Rob Shaw, Marketing and Operations Manager for Morocco Properties says, “Marrakech is the most significant market in Morocco and in the last few years has become renowned as a favoured overseas property hotspot. As its popularity continues to rise at a meteoric pace, the general infrastructure is also being improved, paving the way for premier developments and amenities that will help towards the government’s 2010 vision. Marrakech is a prosperous centre of business, tourism and culture and is providing a new breed of overseas investor’s with superb opportunities to prosper, as property prices rise at unprecedented rates. It is my personal opinion that Morocco, particularly Marrakech, will become a long-term favourite with those from the UK. Its property prices, climate, quality of developments and culture mean that Morocco is competing with the likes of Brazil and Turkey as an overseas property hotspot, however it is its location to the UK which will be the deciding factor with many new investors choosing Morocco because of its ease of access and flight time from the UK.”

Morocco Properties have recently introduced the Atlas Golf Resort in Marrakech to the market. Located just 4km from the city centre this premier development will offer a selection of apartments, villas and riads on the front line to a championship 18-hole golf course. This gated development will also provide 4 and 5 star hotels, sports and leisure facilities, commercial centre and an indoor market. The golf course will be one of 10 in Marrakech operating by 2010 and this will be another factor in boosting rental potential and property prices. Built in traditional Moroccan styles each property will be set in landscaped gardens, with communal swimming pools, providing great views to the golf course and with a backdrop to the Atlas Mountains.

Prices for apartments start from just £62,500 (inc. VAT) and traditional riads are from £208,000 (inc. VAT). With 60% mortgages available and a comprehensive rental management programme this is excellent value in a well-established luxury market.

Morocco Properties Ltd is a UK based company offering detailed knowledge of the investment opportunities throughout Morocco.

For further information, visit moroccoproperties.net.