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Moroccan property investors have long anticipated the launch by the world's largest property developers, Emaar, of their Tinja Resort near Tangier in Morocco. The first phase of the development is released on Saturday 25th August but the limited release looks likely to leave many investors disappointed as demand outstrips supply. So what next for the overseas property investor?
Emaar have recognised, along with shrewd investors from around the world, that Morocco has a unique combination of factors that put it at the forefront of potential investment destinations. With a tax regime favourable to investors (including exemption from income tax on rental income for 5 years) and massive government backing for infrastructure creation and an ambitious programme of resort creation, known as the Plan Azur , Morocco certainly possesses the attributes for profitable property investment.
So if you missed out on Emaar where are the other great investments in Morocco?
The Saidia Resort , set on 6km of glorious Mediterranean beach, is the most prestigious and complete resort investment in Morocco. With a 740 berth luxury marina, three golf courses, Olympic standard sports facilities, a conference and exhibition centre, as well as a plethora of high end retail and leisure outlets, from the Buddha Bar to Dior, Saidia is set to become the new home of the international jet set.
For those looking for quality and style similar to Emaar, the The Fairway Riads and The Greens Golf Apartments offer a stylish, fully furnished alternative. With prices from £88,000 for a two bedroomed apartment with plasma TV�s and air-conditioning they offer great value, plus potential capital growth can be conservatively estimated at 15-20% per annum.
These properties and many other attractive investment opportunities in Morocco are available from Moroccan Sands Morocco�s premier real estate company.
See www.moroccansands.com or call 0034 952 765 993 (direct Spain), 0800 856 3005 (UK freephone) or 1 800 805 430 (EIRE freephone).
Tags: Moroccan Morocco Fes, Maghreb news
2 comments:
I noticed that early investors in Morocco’s property market are seeing the value of their homes continue to rise steadily.
Popular with buyers are the villas and apartments in the new resorts taking shape on Morocco’s Mediterranean coast - a short hop from Spain - as well as others down the Atlantic coast from Tangier to Casablanca and beyond.
Tips for Being a Successful Landlord
In today’s apartment rental market there are several things that are “must do’s” for becoming a successful landlord. The reason you’re playing the real estate rental game is to have the check in your mailbox on the first of the month, right? Here are a few tips that can help you to achieve this with as little aggravation and frustration possible.
First and foremost is finding the right tenant to rent your apartment, house or other rental. This is the most important ingredient in the recipe. Checking the prospective tenant’s credit history to make sure they are paying their bills is one of the best ways you can screen. A tenant that pays their bills on time most likely will send you their rent on time. Establish a clear system on collecting rent, handling complaints from the tenant and how you will contact them if you need to gain access to the apartment.
Secondly, get all the important terms of the tenancy in writing. You have the option to have a basic rental agreement or draw up a formal lease. Whichever you decide, the important thing is to document the terms that you and the tenant agreed to. Clarify who is paying the utilities, the rental price and any other agreements made between you and your tenant.
It’s a good idea to stay on top of the repair and maintenance needs of your property. When you are notified of something that is broken or not working, repair it as soon as possible to prevent further damages. You may also lawfully enable the tenant to withhold rent, sue for injuries caused by defective conditions or move out without notice.
On a similar topic make sure you are carrying enough property and liability insurance to cover yourself in any situation. A well designed insurance program can protect your rental property from losses caused by everything from fire and storms to burglary, vandalism, and personal injury lawsuits.
I hope that this has been helpful to you. Just remember, as long as you follow these simple tips you will be on your way to a happy and fulfilling landlord future. Best of luck!
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