Property Select

Tangier is undergoing a period of rapid transformation, so much so that some experts have dubbed the city "the new Dubai" due to the fast rate of change and financial gains being realised by in-the-know property investors. Whilst these comparisons may be a little exaggerated, there is no denying that the combined influence of the huge new Med Port, the luxury marina, large inward investment and strong political backing are creating conditions in which Morocco property investors can reap attractive rewards.

Tangier Boulevard is perfectly positioned within the city to benefit from the new influx of wealth. The development is located within easy walking distance of the historic Souk, Kasbah and Medina; it is also close to the new prestigious yacht marina and the new commercial districts. Tangier Boulevard is an ideal location to live and to relish the vibrant new cosmopolitan Tangier lifestyle.

The 400 plus apartments are arranged around a central plaza which means they all have views either to the Mediterranean Sea or over the plaza and city. There are one, two and three bedroom units available, including some eye-catching duplex penthouses.

For purchasers interested in a buy-to-let investment, Tangier Boulevard stands apart from most properties in Tangier. Its central position and the fact that the project is guaranteed to be delivered in a single phase (June 2010), means that buyers will have a warranted schedule against which to plan their investment needs. Moreover, Tangier Boulevard is backed by a host of reputable companies from the fields of finance and construction.

Tangier Boulevard has been designed to appeal to a wide scope of rental clients; from holidaymakers and short-term business lets, to long-term residential and corporate lettings. Residential housing of western standard is still in relatively short supply in Tangier and whilst visitor numbers have risen substantially over recent years (43%), there has barely been any increase in hotel capacity. (Source: The Moroccan Tourist Authority, 2001-2007)

With the imminent arrival of the low-cost operators into Tangier International Airport fuelling further growth and wealth , Tangier is set to be one of the major Mediterranean investment hotspots for at least the next decade. Developments like Tangier Boulevard will give investors in Morocco property the chance to benefit from the ongoing economic expansion.

Completion Date: June 2010

Payment Terms: 20% - 10% - 70% (mortgages are available)

Prices From: £56,000, (€70,000 Euros)