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valuable resources on Moroccan real estate:
In 2001, Morocco announced the ‘Azure
Plan and Vision 2010’ which intends to increase the
tourist numbers into the country to 10 million within
10 years. Experts state that the average property price
currently for new properties that Saffron Villas
promotes is £100,000 to £125,000; however the market
caters for the £50,000 There are a variety of types of
property available in the Azure Plan including
apartments and villas. If you wanted an original
property outside of the Azure Plan then riad’s are
available in the historical medinas.
Buying a new build property in Morocco is
straight forward and similar to European countries.
Mortgages are easy to get hold of subject to status,
loans of up to 70% are very common and interest rates
range from 5.5% to 6.5%.
So what about the future of Morocco? Marrakesh
is gaining in popularity and will see an increase in
property development to satisfy demand. This city is a
fabulous mix of the traditional and modern; it retains
its charm, has skiing 1 hour 30 minutes away.
The Taghazout resort will be available
for purchase options later in 2007, which is set to be
extremely popular. It is located in the Agadir region
where there are stretches of clean, clear coast meeting
the Atlantic Ocean, perfect for water sports
enthusiasts.
original property outside of the Azure
Plan then riad’s are available in the historical medinas.
Buying a new build property in Morocco is
straight forward and similar to European countries.
Mortgages are easy to get hold of subject to status,
loans of up to 70% are very common and interest rates
range from 5.5% to 6.5%.
So what about the future of Morocco? Marrakesh
is gaining in popularity and will see an increase in
property development to satisfy demand. This city is a
fabulous mix of the traditional and modern; it retains
its charm, has skiing 1 hour 30 minutes away.
The Taghazout resort will be available
for purchase options later in 2007, which is set to be
extremely popular. It is located in the Agadir region
where there are stretches of clean, clear coast meeting
the Atlantic Ocean, perfect for water sports
enthusiasts. |
Data Of Our Choice
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Gateaway to Morocco:
JOINT
AGREEMENT FOR PROJEC MANAGEMENT OF GULF FINANCE
HOUSE-OWNED US$ 1.4 BILLION "GATEWAY TO MOROCCO"
Bonyan
International Signs Joint Agreement with Bureau Veritas to Manage
Morocco & North Africa Projects:The
first element of Gateway to Morocco, the Royal Ranches
(Marrakech), is a vibrant cultural secluded resort,
surrounded by a breathtaking natural environment, at the
foot of the stunning Atlas mountains. Dedicating a total
area of 380 hectares- a large portion of which is for
the equestrian world- the development, valued at
approximately US$ 800 million, includes a world-class
racing track supported by state-of-the-art stabling,
veterinary facilities, and climate controlled
grandstands.
Further to gratifying the
most ardent equestrians, the Royal Ranches boasts
spectacular villas and apartments amidst stunning
landscaping in the form of rivers, lakes and waterfalls-
this of course alongside the finest spas, an 18-hole
mountain-view golf course, upscale retail outlets, and
other world-class sporting and leisure facilities.
The second element is the 127 hectares Royal Resort
Malabata (Tangier): a unique mixed-use tourism,
commercial, and residential destination in the city of
Tangier- distinguished by its beautiful beaches on the
Mediterranean coast and its close proximity to Europe.
The resort which is valued at approximately US$ 600
million, boasts a unique location with splendid natural
scenery reflecting the contrast between the sea and the
mountains. Accessibility and culture provide the ideal
setting for the project, which features the most
decadent cafes, galleries, boutique shopping, beach
houses, and a 9-hole golf course. Furthermore; Royal
Resort Malabata's fully equipped Convention Centre will
provide the international business community with an
exclusive destination for corporate meetings,
conventions and exhibitions. The resort also comprises a
private school, as well as a clinic equipped with the
latest medical facilities.
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