Moroccan real estate market prosperous with 20% gains per year
According to the Telegraph, People who are considering purchasing property for sale overseas have been advised to look at Morocco as houses in Morocco are much cheaper than those in nearby Mediterranean nations.
Property investors are benefiting from high rate of capital appreciation, as current economic problems across the world are not inhibiting its economic growth. The Independent has reported that more Britons are investing in Morocco than ever before and are experiencing capital gains of 20% per year.
Morocco is becoming increasingly popular with investors and second home buyers from overseas. The increasing demand has led to a number of large and upmarket developments springing up across Morocco. The emergent economy and booming housing market is leading to house price inflation in many areas. Accordingly, demand means that there will be fewer bargain properties available in the future, whereas early investors can enjoy a high rate of capital appreciation.
Industry analysts NuBricks.com said that nearly seven million people took a holiday in Morocco last year, while the government wants yearly visitor numbers to be around ten million in 2010. The infrastructure improvements and upgrades to Morocco’s transport network are underway.
Morocco is an emerging market with relatively simple property buying law; it offers much cheaper property prices and living costs than Spain and France. Property expert David Redfern has stated that Morocco has demonstrated itself to be an attractive location because it offers both good weather and investment opportunities.
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I totally agree, Morocco real estate is reaching the maturity.
Morocco tourism and property investment continue to boom and Morocco and France signed a contract
relating to the construction of a line TGV of 500 kilometers between Tangier and Marrakech. We will be
able to travel from London to reach Marrakech.
A direct rail link between London and Marrakech could be possible from here 2025. Lla signing recently of
a contract of an amount of 1,2 billion pounds Sterling between Morocco and France relating to the
construction of a line TGV of 500 kilometers between Tangier and Marrakech, indicates that the travellers
will be able to cover the distance between these two cities in less than three hours against 11 currently. The
line, cut out in two sections: Tangier-reduction and Reduction-Marrakech, will be brought into service
before 2015. This project comes to be added to that of the fixed connection between Africa and Europe via
the Straits of Gibraltar. The feasibility study for this connection will be completed the next year, and
Morocco and Spain already managed an agreement in principle for the construction of a tunnel connecting
Punta Paloma (in the south of Spain) and Tangier. The project, whose cost will rise with nearly 10 billion
Sterling pounds, will have to be inaugurated in 2025, noting that the tunnel will be built while taking as a
starting point the the Channel tunnel, connecting France and England. All these infrastructures will make
Morocco more popular destination not only for travellers but also for investors who are hunting for more
opportunities in this beautiful country. A friend of mine who manage a marketing company in London and
works for Ryan Air and Easy Jet has confirmed http://www.myasilah.com last night that travellers cannot
find any available flight to Morocco. They are all fully booked.
The big companies are stressing many property, resort and tourist projects in all over Morocco from
Tangier to Agadir to the desert.
If you are interested to purcharge your plot of land or to join a big developer in Morocco as joint venture or
to develop your projects in tourism, property with high return in few months call Myasilah at
+447951478813 or contact the team by email from the website http://www.myasilah.com
Myasilah is the Luxury living In Morocco with excellence with an international professional team who are
in control of the property market in Morocco. Get advice and consultation
I bought in the area on Paradise Beach developement over 2 years ago and think when finished it will be a great location and a good investment
Have a look at my site for my experiences in the region but its one of the very few countries 3 hours from the UK where prices are still rising and where GDP is still above 5%