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Morocco property Morocco, the farthest west point in the Arab world, is becoming a hotspot property investment destination. Investing in Morocco property involves researching the legal and ownership issues, taxation and rental options. Discuss and debate these issues with investors who have bought a property in Morocco and share your views and opinions

TANGIER - City Center Apartment's

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  #1  
Old 23-01-2007, 07:10 PM
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Default TANGIER - City Center Apartment's

Hi, Thought this maybe of interest to you, ive come across a development in Tangier City Center, apartments range from 2 - 3 beds, prices are cheap starting at only 22k for a 2 bed & 27k for a 3 bed. The smaller 2 bed is about 68 sqm & smallest 3 bed is about 88 sqm.

Development consists of 6 blocks, 5 blocks have already been sold & the developer wants to sell of the last remaining block asap hence the price. The ground floor will consist of commercial shops, there is then a further 4 floors & Penthouse, downside is no lifts, this is a downside but its a price worth paying.

Note these are city center apartments so there are no swimming pools on the development, however there is underground parking for residents.

The development is about 5 mins walk from the popular Kabash, & about 10 mins walk to Tangier Beach. In my opition these would be good units to rent out to professional's & those wanting to explore Tangier. The city center is going through alot of development & these will make a good ROI.

I've been advised by the agent prices are due to increase by the wkend, not sure on how true this is but we've seen this happen with other developments so it maybe an idea to act quickly if your interested

Demand has been high since they were released on Thurs 18th Jan, if your interested let me know.
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Old 23-01-2007, 11:17 PM
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I would not buy these as they are the council type buildings in Morocco.
Built mainly for low income Moroccans.

I think its fair you tell people this.
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Old 24-01-2007, 10:06 PM
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flip, thanks for advising, the agent ive got the information from did not advise me of this, i'll do some more research - Thanks anyway..
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