Where Next for Property in Morocco?

There has been an increase in awareness of Morocco recently that has been fuelled by a revisiting of the market by the media as the nation enters the second phase of its ‘Vision 2010’ economic development plans, and it has also been initiated by the fact that there are some increasingly positive fundamentals supporting the emergence of Morocco’s property and tourism markets, creating a healthy environment in which to invest in real estate.

Real Estate TV has certainly picked up on the trend and as a result they are going to be responding directly to viewer based demands for information about where and why to invest in Morocco according to recent news released by the company.  They will be screening a new addition to their ‘The Next Big Thing’ series focusing on Morocco – and more specifically focusing on where next for property in Morocco.

Because currently one in five properties in Africa owned by British buyers are located in Morocco, this proves that the nation is of serious and increasing interest to UK based purchasers – whether they are looking for an investment property, a holiday home in the sun, or indeed, a new home overseas. 

In terms of the numbers of Brits already having bought property in Morocco, this figure is set to increase as a steady inward flow of investment continues from UK based buyers who are betting on a market which is already producing annual capital appreciation reported to be in the region of between 15 and 30%, as well as offering the potential for greater rental yields as tourism is set to increase by an average of at least 4% per annum between now and 2016, according to the World Travel and Tourism Council. 

And the British are not the only ones to be aware of the appeal of Morocco and the potential in its property market; according to The Observer newspaper the nation is luring in Spanish and Italian buyers in equal numbers and a high concentration of French purchasers too.  Because French is widely spoken in Morocco following France’s long protectorate over the nation which ended in 1956, it is only natural that the French should be lured to Morocco and in particular, the Costa Vista or Mediterranean Riviera region which rivals France’s own.

It’s the stunningly beautiful, historically and culturally rich region of Costa Vista that Real Estate TV’s latest edition of ‘The Next Big Thing’ concentrates on, as this is one of the most attractive parts of Morocco - both literally and in terms of the developing opportunity it offers investment and lifestyle home buyers.  It is also the number one centre for expatriate inward migration in Morocco according to local expert opinion, and where a large concentration of brand new property development interest has centred.

Located directly opposite the Costa del Sol and separated from Spain by just a thin stretch of the Mediterranean Sea, it is impossible not to draw comparisons between the Costa Vista and the Costa del Sol.  Both offer up a fabulous climate, a stunning landscape, pristine beaches and a fantastically laidback lifestyle, but this is where the positive comparisons end.  Whilst the Costa del Sol is suffering its worst winter sun season according to Spain’s Association of Hoteliers, the Costa Vista and Morocco enjoyed the highest visitor numbers last year for forty years.  Additionally, according to the Sunday Herald, property prices in parts of the Costa del Sol have declined recently, whereas, according to an article in The Times, there are those who have witnessed up to a doubling of property prices in Morocco.  It’s of little surprise therefore that the Costa Vista is being heralded as the ‘next big thing’ in the world of overseas property investment.

Special Reports: Property News for Morocco

Morocco Investment Property Facts
The Moroccan property sector is diverse and offers property investors both instant rental income and long term price growth potential

Morocco Property Buying Process
It’s becoming increasingly fashionable to buy property in Morocco but the complexity of the purchase process puts many investors off!

Morocco Property Investment Introduction
The real estate market in Morocco presents property investors with an emerging market within an emerging market hot opportunity.