A Thoroughly Modern Morocco
Chic holiday destination Morocco has long been a favourite holiday destination for sun seekers, eager to escape the misery of Northern Europe's seemingly endless winter.
In recent years Marrakech, Tangier, Casablanca, Rabat and Fes have become fashionable city break destinations, attracting a chic boho set eager to experience the authentic Morocco: with its medieval Medinas, colourful souks and original cuisine.
Celebrity Hangout It has also become something of a celebrity haunt with Jude Law, Brad Pitt and Julia Roberts paying regular visits.
Also in the rumour mill, starry property investors include the likes of Mick Jagger, the Beckhams and Richard Branson.
They obviously know a good thing when they see it! Morocco is no longer just fashionable for holidaymakers.
It's attracting a new breed of savvy property investors eager to snap up high grade residential property (comparable with resorts found on the Costa del Sol) - yet available at a fraction of the price! Combining low entry level pricing with year round sunshine, a cheap cost of living and a diverse beautiful terrain; it's clear that Morocco is a country with more than one string to its bow.
Getting there? It's also increasingly easy to get there with budget airlines such as easyJet and Ryanair flying to Morocco daily, along with national carriers British Airways and Royal Air Maroc.
It is even possible to fly to Spain and take a 30 minute ferry from Algeciras or Tarifa ports.
Experienced property investors will be well aware of the trend for rising property prices once low cost carriers add a new destination to their itinerary.
A similar situation will arise in Morocco, thanks to the governments "Open Skies" agreement with Europe, allowing European airlines to fly without restriction and effectively opening up its air space.
Plan Azur and the Kings Vision 2010 This forward thinking and most importantly stable government is yet another attraction for possible investors.
King Mohamed VI is actively advocating development having realised that tourism is the key to the future prosperity of his country.
The cornerstone of this initiative is the "Plan Azur".
This large scale plan will see the construction of six luxurious costal resorts (5 on the Atlantic and one on the Med).
Huge infrastructural improvements are underway with plans to build new motorways, marinas and rail networks.
Many luxury hotels, exclusive marinas, golf courses, conference and commercial centres will also be developed alongside luxury, high grade residential property.
The Kings "Vision 2010" is to attract ten million tourists to Moroccan shores by the year 2010.
That's no mean feat for any country but all indicating factors suggest the king is well on course to achieving his ambitious target.
The next big thing? As the number of tourists increase, it is inevitable that rental demand will subsequently rise and buy to let investors can expect high rental yields.
Currently rental occupancy stands at 85% during high season.
Clearly, Morocco has the potential to become a world class holiday destination.
It is a diverse country with beautiful scenery, unspoiled beaches and a unique and fascinating culture.
No wonder then it is being tipped as the next property investment hotspot.
In recent years Marrakech, Tangier, Casablanca, Rabat and Fes have become fashionable city break destinations, attracting a chic boho set eager to experience the authentic Morocco: with its medieval Medinas, colourful souks and original cuisine.
Celebrity Hangout It has also become something of a celebrity haunt with Jude Law, Brad Pitt and Julia Roberts paying regular visits.
Also in the rumour mill, starry property investors include the likes of Mick Jagger, the Beckhams and Richard Branson.
They obviously know a good thing when they see it! Morocco is no longer just fashionable for holidaymakers.
It's attracting a new breed of savvy property investors eager to snap up high grade residential property (comparable with resorts found on the Costa del Sol) - yet available at a fraction of the price! Combining low entry level pricing with year round sunshine, a cheap cost of living and a diverse beautiful terrain; it's clear that Morocco is a country with more than one string to its bow.
Getting there? It's also increasingly easy to get there with budget airlines such as easyJet and Ryanair flying to Morocco daily, along with national carriers British Airways and Royal Air Maroc.
It is even possible to fly to Spain and take a 30 minute ferry from Algeciras or Tarifa ports.
Experienced property investors will be well aware of the trend for rising property prices once low cost carriers add a new destination to their itinerary.
A similar situation will arise in Morocco, thanks to the governments "Open Skies" agreement with Europe, allowing European airlines to fly without restriction and effectively opening up its air space.
Plan Azur and the Kings Vision 2010 This forward thinking and most importantly stable government is yet another attraction for possible investors.
King Mohamed VI is actively advocating development having realised that tourism is the key to the future prosperity of his country.
The cornerstone of this initiative is the "Plan Azur".
This large scale plan will see the construction of six luxurious costal resorts (5 on the Atlantic and one on the Med).
Huge infrastructural improvements are underway with plans to build new motorways, marinas and rail networks.
Many luxury hotels, exclusive marinas, golf courses, conference and commercial centres will also be developed alongside luxury, high grade residential property.
The Kings "Vision 2010" is to attract ten million tourists to Moroccan shores by the year 2010.
That's no mean feat for any country but all indicating factors suggest the king is well on course to achieving his ambitious target.
The next big thing? As the number of tourists increase, it is inevitable that rental demand will subsequently rise and buy to let investors can expect high rental yields.
Currently rental occupancy stands at 85% during high season.
Clearly, Morocco has the potential to become a world class holiday destination.
It is a diverse country with beautiful scenery, unspoiled beaches and a unique and fascinating culture.
No wonder then it is being tipped as the next property investment hotspot.
