I recently came across some good reasons why 'buy' or 'not to buy' in Fez... Courtesy of 'A Place in the Sun'
For Fez - Ryanair now flies to Fez three times a week, which should help in bringing in plenty of potential tenants.
- You can pick up a renovation project in Fez for as little as £20,000 - £30,000
- The rush to buy in Fez is sending capital appreciation rates soaring – by as much as 30 per cent.
- Fez is already Morocco’s third most popular area for tourism, and local authorities aim to double the number of tourists arriving to one million by 2010.
Against Fez - If Ryanair decides to pull out of the Luton to Fez route, then a crucial transport link will be lost.
- Fez is still a long way off having the kind of tourist friendly infrastructure that Marrakech has, so buy to let properties aimed at tourists may take a while to see decent rental returns.
- A lot of international property investors are buying up traditional riads to restore and sell on at a profit, but the market for restored properties is still largely untested.
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