Want to invest in Morroco Advice Wanted - Page 6

Sunnyshores · #51 05-09-2007, 03:01 PM

theres an active Marrakesh thread, try posting the details there.

MoroccanMortgages · #52 16-09-2007, 01:10 PM

Dear Agents,

Dont forget to advise your clients on Mortgages in Morocco, very competative currently 4.64%.

We are dealing with all the major banks and helping clients complete.

Happy to offer any advice

Regards
Jeff Scott
Moroccan Mortgage Alliance

Karie · #53 28-09-2007, 02:20 PM

Places near sea continue to be the most attractive for investment on propertys in Morocco. Regards

nolan · #54 28-09-2007, 02:42 PM

marrakech,fez and casablanca still draw the real investor money!!

nolan · #55 01-10-2007, 04:32 PM

can any one tell me the best value property in marrakech at the moment?

nolan · #56 01-10-2007, 04:32 PM

Quote:

Originally Posted by Karie

Places near sea continue to be the most attractive for investment on propertys in Morocco. Regards

why is marrakech more expensive?

Sunnyshores · #57 01-10-2007, 09:03 PM

Nolan,

personally I dont think Marrakesh is more expensive then some of the developments that are appearing throughout Morocco. But if it is, assuming the build costs throughout the country are much the same, presumably land is more expensive (and scarce) in marrakesh than in say Northern coastal resorts.

I think the key to investing in Morocco (or anywhere else for that matter) is making sure you buy a quality product. I have seen developments in Tangiers for under £40k, compared to say developments in Marrakesh mostly from £100k. My research suggested that the cheaper developments are due to a poorer build quality/finish.

Of course, then there are the ridiculously expensive developments all round morrocco like Al Houara near Tangiers and Domain L'Akhdar in marrakesh where villas are in the £millions. Quality definitley, but also location and brand name adds to the cost.

So, when you talk about expensive/cheap you have to be sure you're comparing like with like.

That said, I think Marrakesh developments should be more expensive - it is a proven market, a wealthier local population, an established tourist area, a capital city, cheap flights, frequent flights . . . .

manor park · #58 02-10-2007, 02:49 AM

Nolan

SS is correct for all the reasons she has given, Marrakech is still the number one tourist destination in Morocco. I am hoping that soon Tangiers (where I have bought) will rival this and summer destinations like Agadir. Even if they do, Marrakech will still be a massive draw for tourists and should quite rightly have a premium in property/land prices and very good rental potential.

You may not see the expected high gains of some resorts and areas but Marrakech is the safer option as long as a quality product is bought.

MP

nolan · #59 02-10-2007, 08:58 AM

can anyone recommend any good property in marrakech at the moment?

nolan · #60 02-10-2007, 09:00 AM

Quote:

Originally Posted by Sunnyshores

Nolan,

personally I dont think Marrakesh is more expensive then some of the developments that are appearing throughout Morocco. But if it is, assuming the build costs throughout the country are much the same, presumably land is more expensive (and scarce) in marrakesh than in say Northern coastal resorts.

I think the key to investing in Morocco (or anywhere else for that matter) is making sure you buy a quality product. I have seen developments in Tangiers for under £40k, compared to say developments in Marrakesh mostly from £100k. My research suggested that the cheaper developments are due to a poorer build quality/finish.

Of course, then there are the ridiculously expensive developments all round morrocco like Al Houara near Tangiers and Domain L'Akhdar in marrakesh where villas are in the £millions. Quality definitley, but also location and brand name adds to the cost.

So, when you talk about expensive/cheap you have to be sure you're comparing like with like.

That said, I think Marrakesh developments should be more expensive - it is a proven market, a wealthier local population, an established tourist area, a capital city, cheap flights, frequent flights . . . .

where would you suggest is a good place to buy in marrakech?