November 10, 2007
Golf Property on Course for World Domination
Attracting visitors in recent years because of its natural beauty, rich and lively culture, food, notable architecture and year-long sunshine, Morocco has become one of the world’s hottest tourist destinations. The government of Morocco has invested €2.2 billion in new infrastructure and has opened up the country to new tourist attractions such as golf.
The 2007 Moroccan Open will be held in the new luxury golf resort on the Mediterranean coast in Saidia. The golf resort has three courses, marina, commercial centre, medina, spa and equestrian facilities. This will be a wonderful opportunity for investors to purchase a property on one of the future leading resorts in Morocco. Front-line apartments at the resort start from £75,000 and are available through UK agent Manor Park.
Posted on: Morocco
October 26, 2007
Morocco property investment set to grow
As Morocco’s Azure Plan and Vision 2010 target draws closer, the country is set to attract an increased amount of tourism and property investment.
Morocco’s Azure Plan and Vision 2010 was announced in 2001 by the country’s new King Mohammed VI. It intends to increase tourist numbers into the country from two million to 10 million by 2010 through developing major tourism property development projects. Included in Vision 2010 is the development of six major resorts on 600 to 1,000 hectares, with golf courses and amenities.
Since 2001, Morocco’s Azure Plan market has grown by around 50 to 75 per cent with the first new properties being launched two years ago. New developers moving into the market include local companies and developers from Dubai and Europe.
The average property price in Morocco is currently between £100,000 to £125,000. However, the market caters to the £50,000 budget as well as luxury multi-million pound properties. There are a variety of types of property available in the Azure Plan including apartments and villas.
Posted on: Morocco
October 6, 2007
Moroccan property: Off to a flying start
There’s good news for Moroccan property hunters now filling the Morocco-bound low-cost flights from the UK - the North African country’s tax system is about to become less burdensome.
Moroccan property: Off to a flying start
Morocco’s tax system is undergoing reform, as the EU grants the country 80 million euros specifically to aid taxation restructuring under the Programme Indicatif National Maroc 2005-2006 and that could be good news for Moroccan property buyers. The country has also made positive changes in registering property and the transfer of property has become easier, as the transfer tax was halved to 2.5 per cent of the property’s value.
Posted on: Morocco
August 30, 2007
Mediterranean property development aims high
The Saidia property development on Morocco’s Mediterranean coast has attracted the investment of England footballers but is still accessible to those with smaller budgets.
England football captain John Terry and team mates, Rio Ferdinand and Gary Neville, bought luxury properties in the exclusive ‘Le Jardin de Fleur’ development. Due to be completed in 2010, the development includes a cluster of 60 villas called Le Village des Amis and adjacent complex Le Village de Sport.
The Saidia property development covers 7 million square metres, three golf courses including one championship course, has 6 kilometres of sea front, 11 four- and five-star hotels, 17 beach clubs and a marina with 840 moorings. The developers are hoping that Saidia will rival the likes of St Tropez and Puerto Banus with premium brand stores such as Gucci, Hugo Boss, Versace and Armani already confirmed retail outlets.
read more
Posted on: Morocco
August 9, 2007
Morocco: Gateway to Africa
Nestled at the top of the African mainland, Morocco boasts of a rich culture and dreamy images of Bedouin nomads leading camels on the desert, a colorful and vibrant market bazaar and tourists and merchants bartering animatedly. Another beautiful picture that comes to mind at the mention of the name Morocco is the sun-baked dusty houses set against a red-orange desert backdrop.
Tourism in the country has been seeing growth in the past few years, influenced by several factors. Vision 2010, a plan by Morocco’s King Mohammed VI, hopes to attract more tourists - ten million in fact - by 2010. This is not an impossible dream considering that the country is on a perfect location to offer an exotic holiday that is easy to access from mainland Europe with Morocco only fours away from Britain by plane. Also, only a narrow strip of sea separates Morocco from Spain. To make Morocco more accessible, there are plans of building a tunnel between the two countries.
Posted on: Morocco
July 31, 2007
Morocco attracts British property buyers
“People are drawn to owning a home in Morocco with its cheap property prices and cheaper living costs. However, the country is also a good bet for savvy investors”, says Kate Baddeley.
Just a short hop across the water from Europe one will find the North African kingdom of Morocco. The country is rich with contrasts from the immense deserted beaches to the hustle and bustle of the colourful markets. The last five years have seen a considerable rise in the number of foreigners buying houses in Morocco. The market is focused on second home buyers, but there is strong rental occupancy in Morocco. The country is starting to appeal to those interested in Morocco’s investment potential.
Posted on: Morocco
February 21, 2007
Northern Morocco is the Next Big Thing
Morocco has indeed a great potential for capital growth and for future yielding projects and infrastructures. New developments are being created in the area around Saidia near the Algerian border and along the Atlantic coast. There is an estimated 15% of growth year year and double digits are expected in the coming years.
Posted on: Morocco
February 19, 2007
8 Reasons to invest in Morocco
Morocco, a country in North Africa, is a land so intrinsically beautiful and lush in heritage, history and art. If that is not more than enough reason to invest on properties in Morocco, here are eight more:
1. The tax regime in Morocco is sympathetic to foreign investors. Investors are given exemptions from certain taxes for several years and a significant reduction in other taxes. Investors from the UK can also benefit from the ‘double taxation treaty’ between Morocco and the UK. This means that where tax is due, an investor is only obliged to pay it once.
2. Morocco’s king and government have pledged to make “The Western Kingdom” a premier destination by 2010. Vision 2010 aims to double tourists and visitors to 10 million a year.
Posted on: Morocco
July 31, 2006
Morocco attracts British property buyers
People are drawn to owning a home in Morocco with the cheap property prices and cheaper living costs. More and more people are looking at the country to live in, but experts say that the country is also a good bet for savvy property investors.
The North African kingdom of Morocco is just a cross on the water away from Europe. Rich with contrasts, Morocco showcases immense deserted beaches and colorful markets. For the past few years, the country has seen an increase in the number of foreign house buyers. There is a big market for second home buyers, but there is also a strong rental occupancy in Morocco. Also known as Al-Mamlaka al-Maghribiya or the Western Kingdom, Morocco is starting to appeal to those interested in its investment potential.
Posted on: Morocco
June 30, 2006
More BA Flights To Morocco
British Airways is increasing its service to Morocco. The North African country is becoming a popular tourist destination with its ethnic diversity and rich culture. With the increase in tourism, the need for more flights to Morocco is apparent.
Working with franchise partner GB Airways, British Airways will run flights twice a day to Marrakech, the southwestern city of Morocco, from London Heathrow. British Airways will also introduce a daily service to Casablanca, a city in western Morocco, and a twice-weekly service to Fez, the third largest city in Morocco. In addition, the airline will continue to run a twice-weekly service to the resort city of Agadir from London Gatwick.
Posted on: Morocco
Recent Posts
- Living and Working in Florida
- Living and Working in Florida: The Floridian Lifestyle
- Golf Property on Course for World Domination
- Exploring Provence and the French Riviera
- Do French regions matter? Climate Change
News archive
- November 2007 (25)
- October 2007 (64)
- September 2007 (38)
- August 2007 (46)
- July 2007 (4)
- June 2007 (3)
- May 2007 (3)
- April 2007 (1)
- March 2007 (16)
- February 2007 (12)
- January 2007 (2)
- December 2006 (4)
- November 2006 (9)
- October 2006 (7)
- September 2006 (18)
- August 2006 (5)
- July 2006 (4)
- May 2006 (2)
- March 2006 (2)
- February 2006 (2)
- November 2005 (1)
- October 2005 (7)
- September 2005 (7)
- August 2005 (2)
- July 2005 (4)
- June 2005 (2)
- May 2005 (2)
- April 2005 (1)
- March 2005 (1)
- February 2005 (3)
- January 2005 (4)