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Property in Tetouan


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.

Tetouan’s outstanding natural beauty, bustling medina and proximity to some of the most spectacular Mediterranean coastline secure its popularity as a tourist destination. The city currently offers some excellent low-cost apartment and villa investment opportunities. Affordable and only a short journey away for UK and European holidaymakers, property in Tetouan represents a wise investment choice.


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