Hi Investy,

Personal opinion:

The golf course looks very flat and uninteresting, and it will be a year or two before it's playable. However, as a holiday course it looks adequate.

Golfers don't play in isolation, it's usually pairs or foursomes, so you need a place big enough to house two families (assuming only one adult plays) or a group of golfers who want a villa rather than a hotel. Conversely, in my experience of Spanish courses, most of the properties are owned by non golfing Spanish families who simply want a holiday home with open views.

It will be too hot for golf in the summer so you are looking at two different markets, really, golf in the winter (I've played in Tunisia in the winter i.e. January/February), and the bucket and spade brigade in the summer.

The Belek area in Turkey I referred to is popular with families in the summer, with a huge beach and leisure facilities, when it is too hot for all but the keenest and earliest risers to play golf.

Personally, I don't see why the families who currently go to Spain, with it's established infrastructure, would transfer their allegiance to Morocco. Over supply of accommodation in both countries will keep rental prices down and golf courses are expensive to run wherever they are.

Journey times are important, but not just flight times; it's door to door that matters. My flight to Turkey was 4 hours, but a very quick transit of the airport and a 20 minute transfer meant that overall it took no longer than my last trip to Spain.

I hope your purchase works out (and you enjoy playing golf) but I personally feel that Morocco will turn out to be a poor investment (though not as poor as Bulgaria and Egypt).

Even though I rave about the golf in Belek, with 5 star hotel packages so affordable I wouldn't think of buying a property there.

Good luck, and I hope for the sake of all investors in North Africa, I'm proved wrong.