Morocco Property Forum - Property investment in Morocco - View Single Post

simonw · 14-09-07, 01:22 PM

Hello Chaitime,

Unlike many emerging property markets where an investor would make his investment as early as possible then sit back and wait for a period of time for the area to attract tenants and start to generate rental yields, Morocco seems to already have a solid tourism base and according to local agents, boast 85% rental occupancy in most cases over the high season.

When I spoke to my agent re: Oasis Beach, he confirmed that it is highly likely that one can entirely cover mortgage payments and bills for the year through rental gains achieved in the high season (June - September). And actually, have some extra income during the low season if you manage to find a tenant - although he did say that your property may remain empty during this time.

For a €100,000 2 bed apartment I was quoted a monthly rental income of around €2,000 for the 4 high season months and around €1,000 for the lower season. However, this does seem to be a little high. Comments anyone?

14-09-07, 01:22 PM	#2 (permalink)
simonw Junior Member Join Date: Aug 2007 Posts: 15	Re: Rental Occupancy in Oasis Beach? Hello Chaitime, Unlike many emerging property markets where an investor would make his investment as early as possible then sit back and wait for a period of time for the area to attract tenants and start to generate rental yields, Morocco seems to already have a solid tourism base and according to local agents, boast 85% rental occupancy in most cases over the high season. When I spoke to my agent re: Oasis Beach, he confirmed that it is highly likely that one can entirely cover mortgage payments and bills for the year through rental gains achieved in the high season (June - September). And actually, have some extra income during the low season if you manage to find a tenant - although he did say that your property may remain empty during this time. For a €100,000 2 bed apartment I was quoted a monthly rental income of around €2,000 for the 4 high season months and around €1,000 for the lower season. However, this does seem to be a little high. Comments anyone?