Property in Tangier

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16/01/09 | Property forums top choice for 2009 is Morocco: Property forums around the world have yielded a surprising winner in the ‘best places to consider investing’ for this year. Property in Morocco, it...Read more
13/01/09 | The Address Hotels & Resorts team manages Morocco polo retreat property: Emaar Hospitality Group’s local 5-star brand of hotels, The Address Hotels & Resorts, has just signed a contract with Azmi Abdelhadi Group to manage...Read more
12/01/09 | Construction of new city in Morocco launched by King Mohammed: On Thursday, King Mohammed VI launched the construction of the new $2.9 billion city north of Morocco, which is scheduled for completion in 2020. The city,...Read more
08/01/09 | Morocco property in top 10 for investment in 2009: It is more important than ever these days to buy a home at the best price and in the correct destination. There is much division amongst expert opinion...Read more

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Property in Tangier

Vision 2010 has provided the Moroccan property market with an incredible boost. Initiated by King Mohammed VI, the project aims to promote the country’s socio-economic development by radically expanding its tourism industry. A sum of £2.2 billion has been allocated to the improvement of coastal resort facilities, the construction of 1000 kilometres of new roads and the creation of new regional airports. The specific goal of the project is to increase the number of annual foreign visitors to ten million by 2010. This has obvious implications for the value of property, especially in the tourist centres where there are excellent prospects for good rental returns.

Furthermore, prices of property in Morocco are substantially (up to 50%) lower than those of similar properties elsewhere on the Mediterranean. Indeed, prices are currently on a par with those of Spain of 10 or 15 years ago. Add to this a low cost of living and an annual capital growth of between 15% and 30%, and you have the not-to-be-missed investment opportunity.

With the government’s commitment to expand the tourist infrastructure acting as a real incentive for tourists, developers and investors, property in Morocco is a tremendously promising emerging market.

Tangier is one of Morocco’s property hotspots. Evidence of the implementation of Vision 2010 is everywhere. A new marina is under construction, and new luxury hotels and conference centres are on the cards. The Tangier train station has been greatly improved, and new lines have been established linking the town directly with the Mediterranean coast. There are daily direct flights to Tangier from the UK and Spain, making property in Tangier - be it a holiday rental or holiday home - quickly and easily accessible.