NEW DEVELOPMENTS IN MOROCCO – OFF-PLAN IN MOROCCO

Investment property in Morocco is increasing in popularity amongst foreign investors, many investors have already bought investment property in Morocco including the rich and famous, investment property in Morocco costs less than in many European Countries but that is going to change as investors go in search of their investment property in Morocco, tourism in Morocco has increased over the years and is set to become another popular destination for travellers from all over the world wishing to experience the Moroccan culture, improvements in infrastructure and the increase of new developments in Morocco which can be purchased off-plan in Morocco is having a positive effect on the economy and bringing investors from many European countries who wish to purchase investment property in Morocco.

Many investors will buy off-plan in Morocco, this process of buying investment property in Morocco is very popular and investors will purchase more than one property, buying off-plan in Morocco is very similar to buying off-plan in other countries, developers sell property using computer generated pictures and diagrams and architectural plans, a deposit is required of between 20% to 40%, the balance is paid on completion, the more properties the developer sells at this stage the less risk is involved, buying off-plan at this very early stage means investors can get the most sought after investment property in Morocco which in turn will give them a greater return on their investment and also provides greater rental potential, as the building work progresses the cost of the individual properties increase, anyone wishing to purchase property at this stage will pay more than if they had purchased off-plan in Morocco, on completion of these properties a mortgage can be obtained to pay the balance, any unsold properties will be sold for substantially more than investors paid who bought off-plan in Morocco, many investors sell their property before completion and make a good profit on their original investment.

There is an incredible amount of new developments in Morocco which many investors are taking advantage of at this early stage in the improvements being made to attract more visitors, these new developments in Morocco are under strict guidelines and are being built to five star luxury standards, many will include facilities such as swimming pools, gyms and even 18 hole golf courses, accommodation will be luxurious and fittings will be of a very high quality in these new developments in Morocco.

Of course there is other property besides new developments in Morocco, investment property in morocco can be found in and around the towns and cities including riads (traditional Moroccan property) waiting to be discovered by investors, many properties in need of renovation are an excellent investment, the cost of renovating an investment property in Morocco varies depending on what needs doing and the quality of the materials and fittings used but a rough guide is probably about 50% of the purchase price investment property in Morocco is set to boom with increases of 15% per year estimated.