Archive for February, 2010

Tips in making a successful real estate investment in Tangier

Morocco lies on the top list of choices in terms of identifying options for buying a home or property. With this regard, most people oftentimes are meticulous in checking the quality of the facilities of the property or infrastructure. Through time, Morocco has been subject to serious changes regarding their infrastructures and other amenities. With this reason, a lot of people are attracted in buying properties all around the country. The Kingdom of Morocco is blessed with coastlines lying beside the Atlantic and Mediterranean oceans making it blessed with a good location. Since Morocco has so many pristine beaches, this has attracted several tourists who even stay in the country for a long time. Moreover, for you to experience the hassle-free life of urban living, you can purchase a house right from the outskirts of Morocco. There, you are guaranteed of peaceful living under the sun.

Invest in Real Estate

The different varieties of Moroccan abode
One of the things to consider in buying a property in Morocco is the type of real estate you want to purchase. You can choose to buy a property for commercial purposes such as hotel or resorts but bear in mind that the country has its own uniqueness and the people have their special way of building their properties. Some buildings that you can find in Morocco are a combination of the traditional and modern style which makes your choices more varied. From modern architectures, villas, town houses, resorts, and many others, you will witness well-construction and smart architectural designs. Moroccan infrastructures are built in such a way that the old and modern style compliment really well.

Coastline location
Most real estate buyers choose Morocco because of the rich coastline. Some of the world personalities who choose to buy properties in the country are American celebrities and diplomats. For this reason also, the beach is one of the tourist attractions in Morocco. This is why when you plan in buying a property here in this stunning country, coastlines are more preferable especially when you want to build resorts and spa centers. Choosing the beach as a location can help you gain more than your capital.

Notary service
When you have finally chosen the location of your property, it is important to employ the services of a notary. The notary plays a significant part in purchasing properties in Morocco. It makes the transaction process smooth and convenient. However, for new properties that are purchased, it would take a lesser time than resale properties.

The final contract
Finally, the last thing you need to do after you have made the purchase and paid the seller of the property is to polish the contract. In accomplishing this step, you will need the help of a notary. The notary will act as your mediator which will settle the necessary documents you need to transfer the property under your name. Having a well-known and credible notary will keep you from experiencing hassles in buying a property in Morocco. Morocco is simply a haven for your tourist temptations.

Things to consider in buying an apartment in Morocco

Morocco lies on the top list of choices in terms of identifying options for buying a home or property. With this regard, most people oftentimes are meticulous in checking the quality of the facilities of the property or infrastructure. Through time, Morocco has been subject to serious changes regarding their infrastructures and other amenities. With this reason, a lot of people are attracted in buying properties all around the country. The Kingdom of Morocco is blessed with coastlines lying beside the Atlantic and Mediterranean oceans making it blessed with a good location. Since Morocco has so many pristine beaches, this has attracted several tourists who even stay in the country for a long time. Moreover, for you to experience the hassle-free life of urban living, you can purchase a house right from the outskirts of Morocco. There, you are guaranteed of peaceful living under the sun.

Why Is Morocco A Good Real Estate Investment Choice?

The scenic beauty, unique location, European feel, coupled with year-round tropical weather is Morocco’s ticket to fame as a tourist destination. Now, with the government undertaking extensive infrastructure developmental activities and promoting foreign investment in real estate, there is no better time than present to invest in Moroccan real estate.

Why Invest in Morocco

Why the sudden rise in interest?
There are various reasons for Morocco’s sudden spurt in real estate market. The booming economy has given the local government an impetus to revamp the country’s infrastructure. This is not only boosting tourism in general, but also helping in persuading tourists to buy vacation property.

The governmental backing in the real estate scene has brought the much-needed feeling of security for overseas investors. Together with tax exemptions and other benefits offered to foreign nationals, it is a win-win situation for all concerned.

The price is the prime attraction for overseas investors. The country’s beachfront providing the same atmosphere as any European beach resort, it is natural that there is interest in the property market. Morocco’s advantage is its low real estate prices compared to that of European resorts, which are beyond the reach of many investors.

Is it profitable?
Majority of property investors in Morocco purchase it for letting it out as vacation rentals. With the government allowing tax waiver on rental amount for the first five years, this is a lucrative proposition for investors. Not only do they get a chance to stay in one of the best beach resorts in the world for fraction of the cost as anywhere else by owning the property, they also make profit from the deal by renting it out to other tourists when they are not occupying the property.

The Moroccan King Mohammed, the driving force behind these developmental activities, has done much to attract foreign investment for development as well. Reputed players from the UAE have already invested billions in the country’s developmental schemes. The King’s pet project Vision 2010 is aimed at bringing in 10 million tourists to the country each year.

Is the interest sustainable?
The growth in tourism will help in furthering the real estate boom. As the increased number of tourists will require more accommodation, this is the right time to invest in vacation property in Morocco. Morocco’s’ free market policy is immensely helpful in money transfer as well.

Another advantage of Moroccan property market is the easy mortgage facility offered to foreign nationals by local financial institutions. Both Moroccan banks and private lenders are happy to lend money to overseas customers on complying with some simple and easy-to-satisfy conditions. This provision makes it possible for tourists who do not have sufficient funds to purchase vacation property and visit the country year after year.

The property registration procedures are similar to that of many European countries like neighboring Spain and France. Moroccan government has implemented laws to make the purchase safe and foolproof for overseas investors. Notary supervision of transaction is compulsory to eliminate fraudulent practices.

Why is investing in residential property in Morocco worth it?

Real estate investment is gaining popularity among tourists in Morocco over the last couple of years. It is not only beachfront holiday property that is in demand, but also residential property.

Tips on Buying an Apartment in Morocco

The real estate market of Morocco is witnessing an unprecedented boom, especially for foreign nationals. The governmental support, together with the country’s natural beauty and unique location, makes it the most lucrative deal.

Tangier – The Meeting Place Of Two Cultures

Tangier is one of those rare places in the world that gained worldwide attention due to its strategic global positioning, though abundantly endowed with natural beauty. The city is best described as the confluence of diametrically opposite features.

Pros and Cons of Investing In Moroccan Real Estate

The last few years witnessed the emergence of Morocco as a prime tourist destination favored by world tourists. Its location, European atmosphere and affordable rates are propelling the tourism industry to never-before heights.