Buying in Morocco

[Goldberg Global]

Surely, Morocco should be quite cheap. The citizens in Morocco probably earn around 400 or 500 euros a month, so properties should be quite cheap. The products that are to be built are probably very nice. And good places to go, but is there a completely 2 tier market ie. foreign lux and local. How is that going to mix, or is it not?

The climate and food are good. Are people going to morocco because spain is too expensive or do they fancy exotic (more), or muslim reasons?

What are the rentals going to be. Spains rental yields are low but it is the second most visited country in Europe. Morocco maybe will make excellent place for holidays, for making money I think one must be a little clever in this market.

[awahee123]

I think you are absolutely right on this issue Goldberg,it will be interesting viewing don't you think?.

[awahee123]

Wow looks like it will be a massive development,have you got any Bank or Banks,backing you in this venture?...

[awahee123]

I understand what you are saying but investors might be more interestd in investing if a large bank or other organisation were also investing in the development,if you see whta I am saying.

[wazaz]

Can anyone recommend some cheaper developments for sale.

The city does not matter, but I am looking in the area of Agadir, and Marrakesh. But like I said I am open to any city.

[manor park]

Wazaz

This is only my opinion, I do not really like Agadir, it has the weather but the place itself is not very nice. Marrakech would be good but you will pay some of the highest prices as it is an established destination.

I have invested in Tangiers, they are spending huge sums to improve the area and facilities, and in the future the tunnel should make this city the gateway to that part of the world.

As not all of this is in place yet, you can still find cheaper prices but they are rising. it depends on, what you want? How much you want to spend? and what will the property be used for?

If you do want any other information, feel free to PM if you want.

MP

[wazaz]

Originally Posted by manor park

Wazaz

This is only my opinion, I do not really like Agadir, it has the weather but the place itself is not very nice. Marrakech would be good but you will pay some of the highest prices as it is an established destination.

I have invested in Tangiers, they are spending huge sums to improve the area and facilities, and in the future the tunnel should make this city the gateway to that part of the world.

As not all of this is in place yet, you can still find cheaper prices but they are rising. it depends on, what you want? How much you want to spend? and what will the property be used for?

If you do want any other information, feel free to PM if you want.

MP

My family already has a place purchased in Agadir, so I was thinking more of in the direction of Marrakesh. But I like both cities, for some reason Agadir has been more appealing to me though because of the ocean, and the fact that I have more family their.

I am open to any city though. I have sent you a PM.

Thanks!

Wesam

[manor park]

Wesam

I have replied with some info.

MP

[maggiemags]

Originally Posted by wazaz

Can anyone recommend some cheaper developments for sale.

The city does not matter, but I am looking in the area of Agadir, and Marrakesh. But like I said I am open to any city.

Hi wazaz,
I have invested in Morocco myself and could possibly help you with Marrakech and some other places there but would need to know a bit more about what you're after...size, style, budget etc. Not trying to sell anything myself but have done quite a lot of research on Morocco and have some good contacts so might be able to point you in the right direction...
Feel free to PM me if you want

[Naoufal]

Originally Posted by awahee123

Wow looks like it will be a massive development,have you got any Bank or Banks,backing you in this venture?...

Not banks but some developers give good guarantees, with that I mean also legal guarantees. Therefor they are a lot of foreign developers now in Tangiers for example providing good legal guarantees. But an local developers are cheaper than foreign developers.