Resale property in Morocco boom

[GREENBAGE]

London's only Moroccan run property agency Property Borders reports on the current state of the resale property market in Morocco.

Sat Sep 15 2007] London based Moroccan property agents Property Borders are reporting the resale market in Morocco is starting to bear fruit.

Beverley Mezouri a director for Moroccan agents Property Borders comments “with developments such Jawhara Smir now completed and achieving rental levels as high as £500 per week for a 2 bed apartment, originally priced at £40.000 it’s easy to see why there is now a demand for resale property in Morocco.”

“Yields in Morocco are great” comments Beverley Mezouri Rental occupancy reaches 85% most years especially during the Peak Season.

“The Mirador Golf development due for completion in October is one such development that we are seeing a demand for. Buyers are becoming more astute & looking for a turnkey investment” comments Beverley.

The Mirador Golf development is located on the Mediterranean coast of Morocco in the prestigious Cabot Negro area. Some of the properties have views over the magnificent Mediterranean Sea & the perfect 18 hole Cabo Negro golf course.

“With the great potential for golf rentals and prices starting just under £40.000 for a 2 bed apartment it’s easy to see why these apartments are so sought after” comments Beverley Mezouri.

Moroccan agents Property Borders have a limited number of resale properties for sale on Mirador Golf. This selling very quickly, as handover of some of these properties is imminent.

The Mirador Golf apartments are perfect for the end user who is too cautious to buy prior to construction and would like to see the finished product.

According to Beverley Mezouri there are many clients that want to buy in developments which are already under construction. “This is not surprising” says Beverley, with many developments being announced almost weekly. Some developers have not even purchased the land or obtained planning permission warns Beverley.

Property Borders ensure they complete a full dull diligence report on the developments they market.

"As the UK’s 1st Moroccan agency we at Property Borders feel obliged to protect our clients and the reputation of Morocco as a great place to invest". comments Mustapha Mezouri the founder of Property Borders.

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[morocco2020]

Nice article! The property market in morocco is booming indeed! But the focus is on most of the known tourist cities. Will it also boom in cities like rabat, meknes, fes?