Patience and Due Dilligence in Morocco

Why Patience?Although on paper there appears to be a huge amount of new construction in progress in Morocco, a shrewd investor should be aware that although there is much activity of all sizes in various locations of Morocco, caution and patience are called for and investors are advised against rushing in and buying units on any development purely on the basis of cost, capital growth projections or appeal of the local area. It is important to remember the Morocco property investment market is truly in its infancy, with only the first of the six planned Vision 2010 Kings Projects currently underway at Mediterranea Saidia. This is a slow but steady process, while this amazing project is slowly establishing an excellent surrounding infrastructure to support the development. Improvements and extensions to the road system in Morocco are also in their earliest stages, while the plan follows an earlier successfully completed project to build 100 km per year for the four years running up to 2004. Not until 2010 will Morocco be well-equipped with a total of 1,450km of new roads, projecting it further onwards as a leader in the worldwide property investment market place. Meanwhile we wait for the system to improve at a similar pace to the real estate market and supply an important demand.Airlines too, will allow greater accessibility to major European destinations. Ryanair currently links Marseilles and Oujda, a mere 45 minutes to Mediterranea Saidia. A planned 20 more routes to regional airports in the near future are all good news to property investors and will prove invaluable when the other five projects of Vision 2010 are finally completed on the Atlantic coast.Why Due Diligence?Just who are the Developers? We always research the developers' credentials carefully and ensure we work with only the largest, most experienced and reputable companies. They must have proven track records and offer the quality investment environment and accompanying infrastructure necessary for successful property investment. Andy Welland, International Sales manager for Propertyshowrooms.com, stresses, "Many of the developments on offer in Morocco today may seem to be well priced, but we believe it would take a lot to beat the facilities and security offered by Fadesas Mediterranea Saidia project today. When asked why, he points out, As part of the Kings Vision 2010 plan, Mediterranea Saidia is solidly backed by the Government and is linked to their current drive to bring more tourists and property investment to Morocco. We will see no potential for illegal building, while these resorts, being government-backed, will get the best facilities and infrastructure focused upon them. Furthermore, if your heart is set on a lesser-known development, how will it compare financially with another project that can offer a multitude of facilities such as several top class golf courses, health spas, designer shopping centres, restaurants, medical centre and easy access to the airport? These features indicate a secure investment for the future. Andy points out, "Its like buying a designer jumper in one shop, then finding a copy for the same price in another shop. Which one would you prefer to purchase"? With prices still so low, it is worth making your investment in the best location, with the best quality and satisfy the highest of investment criteria. An investment at a popular, luxury site such as Mediterranea Saidia buys you the facilities that will ensure a ready "foot flow" within the resort, creating a ready supply of rentals as well as purchasers when you decide it is time to sell on. Undoubtedly Morocco is proving to be an excellent emerging market, ready to boom well within the next decade. With major developers such as Emaar (the worlds biggest developer) building 6 sites in Morocco at 25.3 billion and Fadesa (Spains second biggest developer) building the vast Mediterranea Saidia site, there will be no shortage of worthwhile investments available. The hotel group, Barcelo Hotels, is building a prestigous hotel in Saidia, while Carrefour supermarkets are going on site as well as many designer brands such as Armani and Boss. The Ryanair deal with the Moroccan Government to supply new air routes all show international confidence in Morocco is riding very high indeed.Today, in addition to Mediterranea Saidia, the imminent launch of another of the Kings Vision projects, Port Lixus at Larache is another exciting opportunity. Built by the world famous constructors, Thomas Piron, some beautiful luxury villas are due to be available to top-end investors, while projected growth is promising: A 350/400m2 villa on a plot of 1,200 m2 can be purchased off-plan for 400,000 euros at Port Lixus, while a similar villa is now available at Mediterranea Saidia for 750,000 euros.Propertyshowrooms.com ensure a good working relationship with major constructors all over Morocco and maintain good contacts in key areas. Currently we realize that the investment climate in Morocco is just heating up. Time is now of the essence; investors will not miss the boat, so we urge you to be patient and wait for the promised quality new investments to materialize from the major developers all over Morocco, so watch this space. Meanwhile investors are advised to focus on our current opportunities on well-researched projects. Visit www.propertyshowrooms.com/morocco/property/investment for further information.If a Moroccan character property is your thing, we are also delighted to offer you some interesting re-sale opportunities through our well-established contacts in and around the areas of Tangier and Marrakech. Please use the link below to enquire about Moroccan Re-sale properties.http://www.propertyshowrooms.com/morocco/property/morocco-general-enquiry.asp

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