Fez attracts buyers looking for cultural experience
Fez is fast becoming a popular holiday destination and attracts discerning travelers who come looking for a cultural experience, which is why Fez property makes excellent investment potential, according to a media outlet.
The Telegraph newspaper has reported that People tired of the high city prices in Marrakesh are paying closer attention to the old Moroccan capital now. There are many attractive, traditional Moroccan properties in Fes, but the publication has advised to act quickly for the investors interested to invest in Fes property because they are quickly being snapped up and renovated into luxury apartments for renting.
Suzanna Clarke, who has recently bought property in Fez, said that they have decided to buy a riad in Fez to get the feel of Moroccan culture and they could make a contribution by preserving a historic house that might otherwise become derelict. She added that there are no restrictions on foreigners buying real estate. However, it is important to follow the rules about bringing your money into Morocco and registering the purchase with the local authorities.
According to Fez Real Estate.com, prices have remained stable despite the decline in sales last year. Buyers can get unrestored small houses for £25,800 and £64,500 for nice three to four bedroom homes. The website said it is optimistic about the future of the Fez housing market as the city is becoming a destination for internal and external tourism. Government initiatives enhance tourist activities which is likely to smooth the way for the more foreign investments in the future.
Popularity: 11% [?]
