Overseas property investment news
Fully furnished luxury Beachfront apartments, suites and penthouses, at a new development on Morocco’s Mediterranean coast will give you annual rental returns of between seven and 11% claims property specialists Saffron Villas.
The properties in the new five-star Le Jardin de Fleur Sahara Beach and Spa Resort are currently available off-plan at pre-launch prices from £81,000 for a studio to £250,689 for a two-bedroom penthouse.
It forms the latest phase of Mediterrania-Saidia, the €1.6 billion golf and marina resort taking shape along six kilometres of the 14 kilometre golden sandy beach at Saidia.
Saffron Villas is selling the properties on a nine-year renewable leaseback scheme whereby owners benefit from a share of the total rental achieved by the 204 apartments in the development. They also have private use of their apartment for up to 10 weeks each year.
The properties are located close to Mediterrania-Saidia’s marina and waterfront promenades.and will have a number of facilities within its tropical including three fresh and sea water lagoon-style swimming pools, a Moroccan-themed spa and thalassotherapy centre, a gymnasium and fitness centre, as well as three bars and three themed restaurants. Also planned are a conference and banqueting centre, and a children’s club.
Construction work is due to start later this year and the first apartments are expected to be ready for occupation around the end of 2009.
Tags: Moroccan Morocco Fes, Maghreb news
3 comments:
I have started a blog about people who are investing and making the economy boom in Morocco - sharing the values of a great land.
http://morocco-investment-news.blogspot.com/ is the URL for the new blog.
I found out that in the 21st century, Morocco is the country on the African continent that is experiencing one of the fastest growing and fastest paced real estate markets in the region. There are a number of reasons why Morocco property is so profitable investment, chief amongst them is the fact that Morocco has enjoyed relative stability for an extended period of time. In addition, the climate in many parts of the country is very appealing to people from many different countries around the world.
The major cities where capital growth has been at its highest – most notably, Casblanca, Fes, Marrakech and Tangier. Areas along the Mediterranean coast are expected to be the next boom – prices are currently very low.
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