Marrakech offers something very different for the more adventurous traveler and foreign property buyer. One of the most beautiful, modern, exotic and sophisticated places in North Africa, it is very well established as a premier destination and competes with Rome, Paris, Prague, Barcelona and Lisbon, among others, in the lucrative city break tourism market. .
With a short travel time (just 3 hours from London) and direct flights from most major European cities, it’s easy to see why Marrakech presents such a fantastic opportunity for lifestyle property investors. European visitors are just a short flight away from experiencing a completely different culture and true year-round sunshine (333 days a year), which makes it very hard to resist.
Simply put, it’s a low-risk, long-term investment with excellent appreciation prospects, a thriving rental market, and many wonderful lifestyle benefits. Isn’t this what we all look for from a second home? Whether you are looking for a beautiful villa in a luxurious area, a traditional Moroccan riad deep in the old medina, an apartment in a trendy suburb, or a magnificent country house with views of the snow-capped mountains, Marrakech has you covered. will provide
EXCELLENT VACATION RENTAL MARKET:
Morocco has a strong tourism base and the number of tourists is expected to grow faster than the number of accommodation rentals available, meaning higher occupancy levels for investors and potential growth in rental prices as demand rises. demand.
Occupancy rates in Marrakech, as reported by many 5-star hotels, are the highest in all of Morocco (60-90% annually), there is no low season, and 25% of Moroccan tourism boards’ money is spent in maintaining the image of the city as the Number 1 Moroccan destination.
30% of all international tourists visiting Morocco go to Marrakech and according to the Official Airline Guide (OAG), there are now over 100 direct flights each week from London alone during peak season.
The King’s ‘Vision 2010’ plan to increase the number of foreign visitors to 10 million by 2010 and 20 million by 2020 will have benefits for the whole country, not just the new seaside resorts. The large volume of visitors will create rental demand throughout the country, now is the time to invest in the city of Marrakech.
BEAUTIFUL AND EXOTIC:
Marrakech is a city of diverse culture located at the foot of the spectacular Atlas Mountains. Within pink walls, the city is a maze of alleys, bustling streets, open squares, shops, restaurants, museums, mosques, and markets. It was once the capital of Morocco and is often referred to as the “Pink City” due to the color of the local earth used in its construction. Marrakech’s many attractions include several world-class golf courses, Atlantic beaches just over two hours in one direction, and the ski resorts of the High Atlas Mountains less than an hour’s drive in another.
THE MAGICAL ‘DJEMMA EL FNA’:
Marrakech is truly the city of entertainment in Morocco. In the center of the city is the main square, Djemaa el Fna, which is the operating point of a myriad of artists such as acrobats, drummers, dancers, pipers, comedians and storytellers. There are plenty of dining options, including the vibrant spectacle of Djemaa el Fna food stalls, many inexpensive cafes and a number of upscale restaurants, offering the best of traditional Moroccan cuisine.
THE MEDINA:
The old walled city, traditional and full of life where the magical square is located – Djemaa el Fna. The north of Medina is home to the souks of Marrakech and most of the artisan workshops, as well as some notable Islamic monuments. The south of Medina is less crowded and boasts the city’s royal palaces, lavish Saadian tombs and museums.
THE PALM TREES:
Located to the east of the old city is the Palmeraie, a 1,000-year-old oasis around which Marrakech was originally built. It is an area of approximately 10,000 acres and is home to some of the most luxurious properties in all of Morocco. Many world celebrities have mansions in this area together with important Moroccan families. La Palmeraie Golf Club is located here and was designed by Robert Trent Jones Snr.
NEW CITY:
Outside of the old medina is Ville Nouvelle, which developed during the French colonial era and is made up of Gueliz and Hivernage. Hivernage is the former French residential district, now the area of palatial homes, embassies, luxury apartments and hotels. Gueliz is the commercial and shopping center of Marrakech and it is where you will find a lot of excellent restaurants and cafes in the French style but with the flavor of Africa.
LUXURY VILLAS AND STYLISH APARTMENTS
If you are looking for a low risk investment with excellent prospects for capital appreciation, look no further than an apartment or villa in Marrakech. The market is already well established and the long terms make it possible to offer very attractive returns. The architecture reflects traditional Moroccan styles while often combining all the comforts of modern life. Stretching in a broken chain for more than 1,000 miles, the high Atlas Mountains create a backdrop of inspiring beauty and also offer good skiing conditions.
RIADS
A riad is an urban house typically located in the Marrakech medina (old city). Traditional Moroccan architecture and furnishings, combined with beautiful private patios and terraces, offer the unique combination of urban living and a calm and attractive setting away from the hustle and bustle of the city. For those seeking an authentic Moroccan style of accommodation, riads offer a haven of tranquility and an insight into tradition, culture and craftsmanship.