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Buying property in Marrakech | Investment facts
Morocco effuses with a dynamic sense of purpose and direction. New social and economic growth, a burgeoning tourist market, historic culture and glorious climate make it one of the finest property investment opportunities available today.
Reasons for investment include:
Our prices are between 15% and 31% below market value |
15% annual capital growth (Oxford business group) |
High rental income arranged via a Swiss Management company and one of the UKs largest tour operators |
60% stage payment mortgages available – backed by a bank guarantee from BMCI (Banque Marocaine du Commerce et de l'Industrie) – a branch of leading French bank Banque Nationale de Paris (BNP Paribas) |
Excellent tax breaks for investors |
There has been a 247% increase in flight frequency from the UK in the last 12 months. In addition, there are now 179 flights to Marrakech each week from around the globe |
Approx. 85% year round occupancy in 4 and 5 star hotels |
Tour operators have identified the need for family resorts in the area |
Marrakech is a buoyant property market with the majority of buyers being French, Spanish and Middle Eastern. However, this year has seen a significant increase in US and Australian investors |
Due to strict building regulations, there will be no repeat of the mass development seen in Spain |
Marrakech. Closer than you think
According to the Official Airline Guide (OAG) there were around 39 flights a week between London airports and Marrakech before the EU Open Skies agreement was implemented in 2006. But since the first low cost carrier, EasyJet, touched down in July 2006 there are now over 100 direct flights every week between the two cities with the assistance of RyanAir, Thomson Fly, GB Airways and Atlas Blue (the Royal Air Maroc no-frills subsidiary).
With a three and a half hour flying time between London and Marrakech a City Break to the Rose City is well within reach.
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Morocco 2010
King Mohammed’s focused and ambitious plan to attract 10 million tourists by 2010 (from 5.8 million in 2005) has been well-publicised and Marrakech is stepping up a gear to make its modest contribution to his targets. Once ‘just another’ stage in package tours of Morocco’s historic cities, alongside Casablanca, Fez and Agadir, Marrakech has now grown up into a stand-alone destination.
The launch of new resorts and entertainment facilities is really beginning to bear fruit and a 2006 report by the Oxford Business Group confirms that “arrivals were up an impressive 22% to 1.4 million in 2005, according to official figures, while total arrivals to Morocco grew just 5%. The total number of nights spent surged even faster, increasing by 27%.”
For more information call CSDS today on 0845 074 2900 or email: info@moroccanpropertyforsale.com
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