Tamuda Bay is an excellent alternative to Spanish costas
Tamuda Bay on the Mediterranean side of Northern Morocco is an attractive alternative to the crowded Spanish costas, it has been claimed. This stretch of Tetouanaise coastline already draws vast number of tourists who come here to enjoy the sunshine.
Tamuda Bay stretches out over 50 hectares and has a range of hotel infrastructures and is located 15 kms from Tetouan airport. This sea-side resort boasts of 9 hotels and a lake–side village, a marina, golf course, an aquatic park and a shopping centre with eat-outs. This is becoming one of the most happening areas of Morocco and attracts both investment and lifestyle home buyers.
Trevor Byrne of GEM Estates’ has stated that the area is at present benefiting from government plan aimed at developing tourism in Morocco. Moroccan government has granted a total of £200 million in order to develop infrastructure in the area and property investors are seeking buy-to-let properties to take advantage of the area’s new appeal.
The government’s initiatives are a big boost to the area’s holiday destination status. Tamuda bay’s growing popularity as a holiday destination is likely to be reflected in rental yields and promising growth in its housing market. Residential properties is springing up along Tamuda Bay and offering plenty of reasonably priced options for investors. The houses are much cheaper than those in neighboring Mediterranean nations. Property investors could also benefit from capital appreciation due to huge influx of tourists. Official figures recently revealed that during 2007, Morocco attracted more than seven million vacationers.
Popularity: 33% [?]
