Morocco property prices double in one year

esmerelda

OK myasilah.com.....er.....aren't you an estate agent also???? Cos it looks like you have your own web site????

camel

Esmeralda: I once again share your views and your strategy, i.e.

1) one should not rely on holiday rental income.

2) Saidia will have to many similar properties onto the market & if you do not have a large net work to pull in the tourist you will be struggling.

3) The building works are going at a frantic pace to meet the 2010 deadline. I fear for the quality and the finish.

It is for the reasons above is that I believe that in a market cycle like Morocco its better to get the top end development and the best property. When the push comes to shove these development will hold value

jalemero

I am booked to go on a viewing trip to Saidia to view what will be the site of the blue pearl golf development, (originally Atheana golf). First time on a viewing trip and the first time to Morocco...any advice would be appreciated. I heard that Atlas Blue airlines will be commencing flights to Oujda this summer...does anyone know if this is happening?

Mr Ri

Jalemero.

I went over to Saidia last year and have now bought on The Greens. My advice would be to take sometime to compare all the apartment developments you can rather than just focus on one. This, at least, gives you a perspective on what you are getting for your money. Also have a look around the general area, the golf courses (in various stages of development), marina, commercial area, hotels and Saidia town, to get a feel for the entire resort, and the relative position of the various developments. Its a very large resort, you will likely be surprised by the sheer scale.
In terms of flights to Oujda, there some details on the following site -> click here

Good luck and let us know how you get on.

jalemero

Hi Mr R....

Thanks for the advice...we will also be looking at the Greens, but not much left within our budget.

Can I ask which agent you used and if you are happy with their service so far?

Fly out next Saturday...will post on my return what we thought of the area...heard the marina is due to open officially on 15th June so will look at that.

Thanks again.

Mr Ri

Our agent was Moroccan Sands who have been fine. We haven't needed so much assistance from the agent, because the developer of The Greens, Azur Developments, have been quite good at addressing any issues that we have had directly.

It is certainly the case that some agents are set-up to support their clients throughout the process and others provide minimal service once they've got the sale. So you are wise to seek some assurances in this area.

jalemero

Our viewing trip is arranged by Moroccan Sands.....Have been impressed with the service so far. At no point have I felt under pressure by them.

allnewmorocco

i think Morocco has some way to go and has been good investment for me i think prices have doubled since 2005 so 30% p/a growth i bought in Tangier-Asiliah-Tetouan which is now getting good press drop my a line if you want to discuss

agentyumi

Morocco has indeed a great potential for capital growth and for future yielding projects and infrastructures. There is an estimated 15% of growth each year and double digits are expected in the coming years.