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

why is marrakech more expensive?

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 . . . .

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

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

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

Nolan,

I'm not an agent and have no particular knowledge of individual areas and dont feeel qualified to offer any advice on particular developments. I think you have to decide what part of the market you want to be in, residential, short lets, holiday lets, personal use .... and also what is important to you as far as initial financing and then rental income.

There are many developments out there - some are cash up front, others that offer 2 year cash installments, and even a few that offer 70% mortgages. Purchase prices range from £60k to £ms, but £120-£150k should get you into most good quality developments.

Then there are various rental packages - guaranteed rents from 6-10%, for 2-9 years. Additional incentives include furniture, buy-back guarantees, pools.

My personal preference is rental guarantees. I have brought in other countries without this and to be honest although its proved mroe lucrative (say 15%) its proved extremley stressful at times.

Anyway - there is another thread "Marrakesh" that has some specific deals that people are looking at.