Quote:
Originally Posted by Sunnyshores
I'm in 2 minds about whether they're "silly prices".
Initially, yes, very silly - for a mostly unproven tourist destination, at prices that only Europeans can afford and lets face it in a country that doesnt even have the infrastructure for tourism yet. Secondly, this is the entry price, prices in other emerging markets have risen to these levels gradually after several years, alongside the local populations wealth.
But, then on more thought, why shouldnt supposedly quite luxurious and well planned tourist accomodation in (almost!) Europe cost £100k. Its the effect of globalisation, a 2 bed appartment on the beach catering for European tourists costs pretty much the same everywhere. Bring into account the uber-rich Arabs and then even Saidia and Al Houara at up 3 times this price could be realistic.
On balance though, I do think as these are mostly tourist developments (not residential) and there are few tourists at present, paying such an inflated prices and hoping for anything other than a longterm profit is a bit ambitious.
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Yes I understand there are silly prices in Morocco and the country does not really have the tourist, transport, communication and the national health infrastructure. Morocco is all talk. More like the kings vision of 2010 is to put every tourist out of his/her pocket!!!
As I understand you can find a decent appartment in Gueliz, Marrakech for 11,000 to 12,000 dirhams a square metre. On average an appartment is approx 80 square metres. Plus also include 5% on top for the land registry and notaire fees. There is your sum!!! You save now!