|
Investment Property Morocco |
|
|
|
If you interested in buying investment property in Morocco , Manorpark Properties have an extensive selection of townhouses, villas and apartments in the Oasis Beach / Saidia resort – a stunning new project on Morocco 's unspoilt Mediterranean coast. |
|
|
|
Investment Property Morocco - Morocco Investment Growth |
|
|
|
Morocco property offers the convenience of the Costa del Sol at significantly lower prices. |
|
Morocco is already making a name for itself as a new hotspot for the World's property investors. Morocco 's luxurious new property developments are generally accepted to be of the highest standards available. Added to this, the very competitive prices mean that Morocco can boast top quality property, in 5 star luxury resorts, for a fraction of the price of property of less calibre elsewhere. |
|
With the great deal of media attention that Morocco is currently demanding many of the World's rich and famous are buying property here, including film stars and sports heroes. Richard Branson, the Rolling Stones, Malcom Forbes, and even David Beckham are believed to have purchased property in Morocco . Indeed it is widely tipped to become the new elite holiday destination – a luxury playground for the wealthy, like existing resorts Puerto Banus, Marbelia , Monaco and St Tropez. |
|
Capital Growth Predictions |
|
Many sources offer different views on what is expected to happen to the value of Moroccan property in the newly constructed resorts. There are some differences in opinion as always but the one common factor is that prices are expected to rise and at a rate that will please investors. The growth rate has been quoted as being around 30% (Homes Overseas Magazine) but as a more conservative estimate, l5% is accepted as being easily achievable. |
|
Rental Yield Predictions |
|
Good rental yields are achievable from property in the new luxury resorts being constructed. It is expected that mortgage payments and bills can be covered for the year from the rental income achieved solely from the peak season months. These are classed as June – September. Rental income from a 2-bed apartment costing around €100,000 is expected to be around €2,000 per month. |
|
There is currently 85% rental occupancy during the high season. This is expected to grow, due to the number of tourists increasing faster than the amount of accommodation available. This will mean even larger occupancy levels for investors and even potential growth in rental prices as demand increases. |
Vision 2010 |
|
The major catalyst behind the huge growth in Morocco‘s tourist industry and the massive amount of overseas investment into the stunning new luxury property developments is the massive national development plan devised by King Mohammed VI in conjunction with the UAE. This project called “Vision 2010' was launched with the purpose of drastically increasing the number of annual tourist visitors. In fact the goal was more specific than this; to increase tourism by 5 times by 2010 to 10 million visitors and generate 600,000 new jobs in the process. The new and young Kind Mohammed VI presented this ambitious project in 2001.
In conjunction with the Vision 2010 National development project the government has announced:
* The creation of 6 new coastal resorts (5 on the Atlantic Coast and 1 on the Mediterranean Coast)
* New Motorways to be built and upgraded
* New Regional Airports to be built and where possible upgraded
* Increase and de-regulate incoming flights from all over Europe by introducing an Open skies policy
* New ports, Marinas and high speed trains to be implemented
* To support the increase in tourist visitors the government plans to introduce new shopping malls, golf courses, beach clubs, equestrian centres, spa ‘s - all designed to promote a 5 star luxury lifestyle.
|
View Off-Plan Investment Property    | |