Why You Should Buy a Property in Morocco
Mar - 16 | 
2 comments. | 
Morocco Property
The reason savvy investors are buying property in Morocco is that it has one thing in common with popular overseas property hotspots, world-wide mass appeal. Morocco’s metamorphosis from dingy North African backwater to classy European getaway has hit home with travel headlines waxing lyrical over it’s glamourous resorts, mysterious cultural delights but above all as a newly discovered exotic winter sun destination at off-season prices.
Climate is hot hot hot
Let’s face it, a great many of us go on holiday for the sun. Morocco is the ideal escape from endless wet and windy weekends and depressingly grey, cold winters. The Atlantic-Mediterranean coastline like southern Spain’s Costa del Sol, offers rain-free days with warm sun and temperatures around the high 20°Cs from June to September. As you move south , the heat intensified with Marrakesh summer temperatures reaching into the 40°Cs. Don’t however underestimate the extremes of heat and cold. November to February can see Oukaimeden’s high Atlas mountain peaks remain snow-capped making for basic ski resorts whilst inland, comfortable conditions are to be found from March through to June.
Travelling to Morocco is easy
Our post on low cost flights to morocco shows just how much of an impact the ‘Easyjet effect’ can have on an overseas property hotspot. Overnight, Marrakesh has been transformed from a backpackers pitstop into a weekend city getaway. A choice of direct flights already operate from major European city airport hubs but an open skies agreement will see the likes of Ryanair flying to Morocco’s regional airports such as Oujda International Airport.
High speed ferries operating from Tarifa and Algeciras in Spain make Tangiers and Ceuta a short 30 minute ride away. A planned tunnel from Spain to Morocco in the future could further cut travel time between Europe and Africa, setting a precidence for a two-centre holiday, one week in Spain and one week in Morocco where if you are on GMT, you don’t even have to change your watch!
Popular Moroccan Hotspots that you shouldn’t ignore
Buying a property in Morocco gives you more for less
Attracting developers with an international reputation, Morocco is taking the ‘best in class’ approach to building a series of five-start super coastal resorts aimed at the middle classes.
A flying time of 3 hours just half that of travel to Dubai which instantly puts it at an advantage for families searching for trouble-free travel time, not to mention Ryanair set to bring the wonder of 1p flights to Morocco’s 12 major regional airports.
Offering the longest season in Europe, those seeking budget winter sun holidays or decent spring golfing weather have traditionally been restricted to the Canary Islands or Southern Spain. Morocco’s tourist season is almost year-round and the new government backed Plan Azure resorts will have world class player endorsed golf courses, ideal for attracting both the winter and summer markets. Morocco is being hailed as the new Spain with better beaches and controlled development.
Morocco’s main draw is its cultural diversity from the hustle of the Medinas to the authentic nature of villages like Chefchouan but this will now sit alongside resorts like Mediterranea-Saidia , a showcase for modern Moroccan toourism with an 800-berth marina, three golf courses, 17 five-star beach clubs and a seven-kilometer boardwalk linking restaurants, clubs, cinemas and luxury shops. Buyers of property here will have to work hard to get bored with activities ranging from tennis clubs, riding clubs, water skiing, sailing, scuba diving, hunting, hiking and camel treks to name just a fraction of what’s on offer.
If doing nothing, is what you are aiming for there is sand aplenty…Morocco has over 2000 miles of white sandy beaches to choose from, many untouched and if a sun bathing patch isn’t enough head to Morocco’s eastern flank which borders the Sahara desert.
Few places can boast the opportunity to ski and sunbathe within the same day, Oukaïmeden is Morocco’s answer to a ski resort, limited at best but just an hour and a half from Marrekesh city is a haven for summer bird-watching and hiking and adds a picture postcard snow capped mountain backdrop whilst you sun yourself on the terrace.
Simple Tax and Legal systems make it easy to buy property in Morocco
A Morocco property purchase is as straightforward as buying in France or Spain. It is important to make sure you take independent legal advice and remember despite the agent’s sales patter that “properties are selling like hotcakes, buy now”, there will almost always be another similar opportunity so don’t fall into the trap of being pressured to buy there and then.
Arabic and French are the preferred languages in Morocco so it is useful if you can speak a little but Spanish & English are also widely spoken. The legal system in Morocco is based on the familiar conveyancing systems of France and Spain which bodes well for future resale prospects.
Harness the investment potential of Morocco’s Vision for the future
The opportunity to buy property in Morocco is a chance to get involved early in what many are predicting will be exciting and profitable times ahead for the Moroccan property market.
The Moroccoan government’s signing of agreements with a combined value of nearly $19 billion to work hand in hand with the United Arab Emirates to make Vision 2010 the impetus behind the growth of Morocco’s property market. It is Morocco’s hope that new development projects in the new urban tourist zones and future seaside resorts like Dubai will capture incredible levels interest from the public. Morocco understands whilst property development is a great opportunity to meet the shortfall of tourist beds as rental properties remain in very short supply,product quality must remain a priority objective and must reflect Morocco’s identity, values and culture.
Investing huge sums into high-profile tourism and real estate projects over the next decade, the prospects for property buyers in Morocco are good. Moroccan property is currently seeing annual price rises in the region of 15 per cent, add to that rental income, and it’s easy to see what a good investment Moroccan property is. Development prices are expected to double over the next three to four years.
The demographic profile of the Moroccan property buyer is attractive, often sophisticated and usually well-travelled, seeking a second home but also with an eye on longer-term investment. The rise of Moroccan tourism is not just an international affair with the government anticipating an upward trend in internal tourism as the Moroccan middle classes become wealthier.
Morocco is making all the right moves to becoming a tourism destination all-star.
Learn more here:
Investment Property in Morocco
Vision 2010 scheme
The Moroccan Embassy
CIA Morocco facts
when do you expect tetouan airport to open to international flights or cheaper airlines or be able to fly from manchester to tangeirs as getting through the border at cueta is a nightmare at times
I was in Morocco and realized that I should buy property if I want profitable investment. Today Morocco is a promising emerging market and a huge growth in developments to the region is living proof of this. The Moroccan government’s commitment to increase the numbers of tourists is a real incentive for developers and investors alike.
As the country offers everything from economical apartments to million pound villas, Morocco property investment is attracting all types of investors, from the first time buyer to the more seasoned investor, all of which are keen to tap into this emerging market.
Morocco property investment is proving to be very lucrative with prices doubling within a year, and according to property reports, property price growth is set to continue well into next year. Property experts predict growth figures of 40% within the next three years with a rental yield of 10%.