Property for sale in Morocco
Morocco is a country in North Africa that borders the Atlantic Ocean and the Mediterranean Sea. Cultures that coexist in this country have Berber, Arab and European origins. One of the most important monuments of Morocco is the kasbah of the Oudaïa in the capital Rabat, a royal fortress of the twelfth century.
Morocco borders only with Algeria to the east and south-east, and with Mauritania to the south, as well as with the Spanish exclave of Ceuta, Melilla and the peninsula of Peñón de Vélez de la Gomera to the north.
One of the best cities to buy a property for sale in Morocco is Marrakech. From several sector studies, it is the most important of the four imperial cities of Morocco and it proposes a dynamic, active and historically real estate market with many international interests. In 2007, the Moroccan real estate market recorded peaks, however, after a considerable downsizing and many investors interested in buying property for sale in Morocco have changed their course to other locations. This phenomenon led to the correction of a speculative bubble that made it almost impossible for the population of the local small and middle class to access the real estate market.
Today Marrakech is an opportunity for short-term investors who want to take the risk that they are facing by investing in markets of developing countries.
Marrakech is designed to become an important destination for investors looking for property for sale in Morocco if they want turn them into profitable opportunities both because the tourist flow is continuous throughout the year and the cost of living is lower than the main European countries as well as property taxes.
The Marrakech luxury market is present mainly in three districts and is presented with average prices three times higher than the general market. The most interesting in terms of property for sale is the Hivernage district.
Foreign investors interested in luxury property sales in Morocco have started to return to Marrakech, attracted by lower prices and demand has also increased in Essaouira and Tangier.
Tangier has a diversified international clientele: in the past, buyers interested in property for sale in Morocco were mainly Spanish due to its proximity. Recently, however, all over the country, buyers come from France, Great Britain, India, Italy, United States, Scandinavia and the Middle East.