A warm climate and easy access from the UK (approx 3 hours from London Heathrow), combined with comparatively low property prices, a strong economy and a stable currency, makes Morroco an exciting prospect for property investors
Marrakech's desert location offers a different range of attractions to other Morrocan developments based along the coast. Developers are hoping that tourists will be attracted by the vibrant medina and nearby Atlas Mountains as an alternative to beaches and the sea.
Whilst the majority of new developments will be hotels and villas, investors may want to consider purchasing a Riad. These are comfortable town houses located within the walled city itself, but they will need to be quick. Prices of Riads have rocketed in the last few years and there are only a handful left.
Worries that the new developments will end up resembling Californian condos and desert golf courses, eroding the Moroccan culture are countered with building regulations to limit the height of new developments and ensure use of traditional building materials from local sources.
As the flight time is around three hours flight from the south of England, Marrakech could be a vibrant and interesting alternative to buying a holiday home in France or Spain. November 2005
( If you would like to view images of Morocco / Maroc and find out more about the country) — CLICK HERE. See also — First Impression of Morocco — By Philip Suter Ezine article CLICK HERE
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