Quick Links Use our quick links to find what you're looking for. An introduction to Morocco Attractions in Morocco Travelling to Morocco Property Hotspots The Buying Process Mortgages in Morocco Contact Us about Morocco Off Plan Property in Morocco Find out more about Morocco and Moroccan property ... Thinking of purchasing an off plan property in Morocco? Morocco is located on the North Western corner of Africa, with total land area about 446,300 square kilometres and has about 32,000,000 population. Morocco is bordered with Algeria to the east and southeast, Mauritania to the south and to the west by the Atlantic Ocean. Morocco is a fascinating and mysterious country with Imperial Cities, ancient ruins, endless desert, and hospitable people. Morocco’s climate varies from area to area. The northern coast has a warm Mediterranean climate but is tempered on the eastern coast by southwest trade winds. Inland areas have a hotter and drier climate. In the south of the country, the weather is very hot and dry throughout the year and the nights are cooler during the months of December and January. Rain falls from November to March in coastal areas, with high temperatures in summer months. The climate is mostly much cooler in the mountains. Marrakech and Agadir enjoy an average temperature of 21°C (70°F) in the winter. Arabic is the official language, but French is often the language of business, government, and diplomacy. Spanish and English are widely spoken. Back to top ... Attractions Rabat is the capital city of the Kingdom of Morocco. Best places to visit are the Royal Palace, 12th-century Hassan Tower and the magnificent Mausoleum of the late king Mohammed V. Fez is a heritage site with several cultural, educational, and religious organizations. Tourist attractions include the Royal Palace and the fascinating Medina. Marrakech is perhaps Africa's most popular sunshine resort. You will experience the past and present as you tour the magnificent El Bahia Palace, the Koutoubia Mosque, and the world renowned Djemma el F'na square, located in the heart of the city crowded with entertainers, snake charmers, acrobats, camels, palm readers, and markets. Casablanca is Morocco's largest city and major seaport. Humphrey Bogart's Oscar winning best classic movie "Casablanca" was produced here. Casablanca has some of North Africa's best beaches. Back to top ... Travelling to and from Morocco Morocco is just a three-hour flight away from the UK. British Airways and Royal Air Maroc fly scheduled routes to Tangiers, Casablanca and the capital Rabat. In 2005 Morocco signed an Open Skies initiative to bring cheap flights to Morocco. AtlasBlue, Ryanair and EasyJet now fly low cost routes daily into Marrakesh international airport and there are plans for 20 new Morocco destinations in the near future, Morocco tourism is set to soar as holidays in Morocco become more and more popular. More Moroccan air routes will generate competition, increase services and lower airfares. Back to top ... Moroccan Property Hotspots The Plan Azure Vision 2010 has earmarked six coastal resorts: Mediterrania-Saidia The only Plan Azur resort on the Mediterranean coastline. Port Lixus Situated near Larache on the northern Atlantic coast, this resort is due to be launched in early 2007 and will include two 18-hole golf courses, a new marina, a sports & leisure complex, several hotels and luxurious apartments and villas. Mazagan Situated near El Jadida on the Atlantic coast, south of Casablanca. Launched in late 2006 it’ll include a world-class casino, two 18-hole golf courses, over 15 kilometres of beach and several hotels and luxury properties. Mogador Essaouira Launched in late 2006, this 5,700,000 sqm Plan Azure resort will include two 18-hole Gary Player golf courses, very luxurious properties and hotels. Situated within 3 kilometres of the famous beach town of Essaouira , this resort is perfectly located to become the premier beach destination for Marrakech holiday goers. Taghazout This $2 billion tourism infrastructure project near Agadir on the southern Atlantic coast is specifically designed as a world-class tourist destination, the development will include several four and five star hotels, two golf courses, and many more residential, leisure and retail facilities. Phase 1 properties are due for completion in 2008. Plage Blanche This resort has not yet awarded or launched. In addition to the 6 major development sites outlined in Plan Azure Vision 2010, established Morocco property hotspots like Marrakech has been on the French property investors for sometime with many buying up in the heart of the Pink City as renovation projects. Now, investment into a number of new development resorts in Marrakech is taking place, giving buyers the option to buy a Marrakech property off plan. A Tangier property investment has potential long term as this cosmopolitan city undergoes massive regeneration whilst apartments near Marina Smir in Tetouan on Morocco’s northern tip have doubled in value in the past 3 years. Finally along Morocco’s Atlantic coastline investors are forever searching for new developments in Agadir for property for sale in Essaouira and El Jadida with a view to increasing their investment property potential. Back to top ... The Buying Process in Morocco Buying off plan property in Morocco today allows property investors to purchase property in areas that will attract solid rental demand and optimum capital growth. This option allows to purchasing at the lowest possible price, while taking advantage of the best possible finance options. Carefully selected quality Moroccan developments get the greatest returns on investment achieving about 15-30% per annum. The government in Morocco has strict guidelines to ensure that the quality of off plan property in Morocco is very high. This is attracting investors and many of the world’s rich and famous have purchased Moroccan property. The Moroccan government has also stipulated that new property must be constructed in harmony with the environment. Morocco strong economy, rapidly improving infrastructure, good investment climate, and its stable currency the Dirham, should keep an investment safe from fluctuations. Prices are also still comparatively low, for instance a large villa which would cost £500,000 in Spain, it’s priced £180,000 outside Tangiers. Back to top ... Getting Finance / Mortgages in Morocco Morocco offers mortgages for non-residents and all banking products are becoming widely available. Mortgages Although mortgages are available for off plan property in Morocco, the most an overseas buyer can currently borrow is normally 60% of the valuation price. The purchase can be paid in either Euros, US Dollars or Sterling, and needs to be transferred from a foreign account into a Moroccan bank where the transaction will be processed into Dirhams. Mortgages are generally more expensive than British equivalents. It is a good idea to shop around the British banks as some will also lend for Moroccan off plan property. Typical characteristics of a Moroccan mortgage Roseximbank Expressbank Societe Generale Union Bank United Moroccan Bank Bank DSK Procredit Bank Tokuda Bank Plc. Bulbank Biochim Central Cooperative Bank Economic & Investment Bank Demirbank Encouragement Bank Eurobank ING Bank First Investment Bank Back to top ...

Quick Links

Use our quick links to find what you're looking for.

An introduction to Morocco

Attractions in Morocco

Travelling to Morocco

Property Hotspots

The Buying Process

Mortgages in Morocco

Off Plan Property in Morocco

Find out more about Morocco and Moroccan property ...

Thinking of purchasing an off plan property in Morocco? Morocco is located on the North Western corner of Africa, with total land area about 446,300 square kilometres and has about 32,000,000 population. Morocco is bordered with Algeria to the east and southeast, Mauritania to the south and to the west by the Atlantic Ocean.

Morocco is a fascinating and mysterious country with Imperial Cities, ancient ruins, endless desert, and hospitable people. Morocco’s climate varies from area to area. The northern coast has a warm Mediterranean climate but is tempered on the eastern coast by southwest trade winds. Inland areas have a hotter and drier climate. In the south of the country, the weather is very hot and dry throughout the year and the nights are cooler during the months of December and January. Rain falls from November to March in coastal areas, with high temperatures in summer months. The climate is mostly much cooler in the mountains. Marrakech and Agadir enjoy an average temperature of 21°C (70°F) in the winter.

Arabic is the official language, but French is often the language of business, government, and diplomacy. Spanish and English are widely spoken.

Attractions

Rabat is the capital city of the Kingdom of Morocco. Best places to visit are the Royal Palace, 12th-century Hassan Tower and the magnificent Mausoleum of the late king Mohammed V.

Fez is a heritage site with several cultural, educational, and religious organizations. Tourist attractions include the Royal Palace and the fascinating Medina.

Marrakech is perhaps Africa's most popular sunshine resort. You will experience the past and present as you tour the magnificent El Bahia Palace, the Koutoubia Mosque, and the world renowned Djemma el F'na square, located in the heart of the city crowded with entertainers, snake charmers, acrobats, camels, palm readers, and markets.

Casablanca is Morocco's largest city and major seaport. Humphrey Bogart's Oscar winning best classic movie "Casablanca" was produced here. Casablanca has some of North Africa's best beaches.

Travelling to and from Morocco

Morocco is just a three-hour flight away from the UK. British Airways and Royal Air Maroc fly scheduled routes to Tangiers, Casablanca and the capital Rabat. In 2005 Morocco signed an Open Skies initiative to bring cheap flights to Morocco. AtlasBlue, Ryanair and EasyJet now fly low cost routes daily into Marrakesh international airport and there are plans for 20 new Morocco destinations in the near future, Morocco tourism is set to soar as holidays in Morocco become more and more popular. More Moroccan air routes will generate competition, increase services and lower airfares.

Moroccan Property Hotspots

The Plan Azure Vision 2010 has earmarked six coastal resorts:

Mediterrania-Saidia

The only Plan Azur resort on the Mediterranean coastline.

Port Lixus

Situated near Larache on the northern Atlantic coast, this resort is due to be launched in early 2007 and will include two 18-hole golf courses, a new marina, a sports & leisure complex, several hotels and luxurious apartments and villas.

Mazagan

Situated near El Jadida on the Atlantic coast, south of Casablanca. Launched in late 2006 it’ll include a world-class casino, two 18-hole golf courses, over 15 kilometres of beach and several hotels and luxury properties.

Mogador Essaouira

Launched in late 2006, this 5,700,000 sqm Plan Azure resort will include two 18-hole Gary Player golf courses, very luxurious properties and hotels. Situated within 3 kilometres of the famous beach town of Essaouira , this resort is perfectly located to become the premier beach destination for Marrakech holiday goers.

Taghazout

This $2 billion tourism infrastructure project near Agadir on the southern Atlantic coast is specifically designed as a world-class tourist destination, the development will include several four and five star hotels, two golf courses, and many more residential, leisure and retail facilities. Phase 1 properties are due for completion in 2008.

Plage Blanche

This resort has not yet awarded or launched.

In addition to the 6 major development sites outlined in Plan Azure Vision 2010, established Morocco property hotspots like Marrakech has been on the French property investors for sometime with many buying up in the heart of the Pink City as renovation projects. Now, investment into a number of new development resorts in Marrakech is taking place, giving buyers the option to buy a Marrakech property off plan. A Tangier property investment has potential long term as this cosmopolitan city undergoes massive regeneration whilst apartments near Marina Smir in Tetouan on Morocco’s northern tip have doubled in value in the past 3 years. Finally along Morocco’s Atlantic coastline investors are forever searching for new developments in Agadir for property for sale in Essaouira and El Jadida with a view to increasing their investment property potential.

The Buying Process in Morocco

Buying off plan property in Morocco today allows property investors to purchase property in areas that will attract solid rental demand and optimum capital growth. This option allows to purchasing at the lowest possible price, while taking advantage of the best possible finance options. Carefully selected quality Moroccan developments get the greatest returns on investment achieving about 15-30% per annum.

The government in Morocco has strict guidelines to ensure that the quality of off plan property in Morocco is very high. This is attracting investors and many of the world’s rich and famous have purchased Moroccan property. The Moroccan government has also stipulated that new property must be constructed in harmony with the environment. Morocco strong economy, rapidly improving infrastructure, good investment climate, and its stable currency the Dirham, should keep an investment safe from fluctuations. Prices are also still comparatively low, for instance a large villa which would cost £500,000 in Spain, it’s priced £180,000 outside Tangiers.

Getting Finance / Mortgages in Morocco

Morocco offers mortgages for non-residents and all banking products are becoming widely available.

Mortgages

Although mortgages are available for off plan property in Morocco, the most an overseas buyer can currently borrow is normally 60% of the valuation price. The purchase can be paid in either Euros, US Dollars or Sterling, and needs to be transferred from a foreign account into a Moroccan bank where the transaction will be processed into Dirhams.

Mortgages are generally more expensive than British equivalents. It is a good idea to shop around the British banks as some will also lend for Moroccan off plan property.

Typical characteristics of a Moroccan mortgage

Roseximbank
Expressbank
Societe Generale
Union Bank
United Moroccan Bank
Bank DSK
Procredit Bank
Tokuda Bank Plc.
Bulbank
Biochim
Central Cooperative Bank
Economic & Investment Bank
Demirbank
Encouragement Bank
Eurobank
ING Bank
First Investment Bank

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