The Moroccan property market over the past decade has been difficult since the financial crisis in 2008 / 2009 and then followed by problems in other North African countries. It took time for investors to realize Morocco is a safe and stable country but over the past few years we have seen a steady increase in sales and generally lower prices to a decade ago.
At the start of 2020 the market was poised for further improvement but of course the Corona Virus pandemic has put the brakes on this for the time being. However,Morocco has handled the pandemic extremely well with only a little over 200 deaths at the time of writing. All indications are once the world returns to some sort of normality the Moroccan property market will be very well placed to see a strong recovery.
With over 12 million tourists coming to Morocco in a normal year and with its close proximity to Europe and beautiful all year round climate many people have chosen Morocco as a country to have a holiday home or to rent a villa for a nice vacation. Kensington Luxury Properties the exclusive affiliates for Christies International real estate covers the length and breadth of the Kingdom and can offer unrivalled villas,riads,apartments or even plots of land for one to build your dream villa.
The northern city of Tangier where in recent years there has been massive investment in a new marina,new port,new promenade along the beach front,many new restaurants and hotels as well as a new train station with a high speed link as far as Casablanca which will soon be extended all the way to Marrakech.
Tangier is located approximately only 10 miles from the Spanish coastline and is blessed with access to both the Mediterranean and Atlantic seas and beaches. An ideal summer time vacation destination but lovely all year around.
Rabat,Morocco’s capital,rests along the shores of the Bouregreg River and the Atlantic Ocean here you will find many gorgeous villas and palaces and many less tourists than other cities.
The ancient city of Fez and the second largest city in Morocco is blessed with some of the oldest and most wonderful riads in the country.
Casablanca,the largest city in Morocco and the financial center of the country,is not a city one generally associates with mass tourism it offers some of the smartest villas in the country.
Marrakech is where the majority of tourists head because it is full of international restaurants,bars,nightclubs and also offers wonderful walking in the High Atlas Mountains or golfing on one of 15 golf courses that surround the city.
Essaouira is often combined with a holiday to Marrakech – it also remains much cooler in the summer months than Marrakech.
Further details on what’s available in Morocco can be found here: https://www.facebook.com/kensingtonmorocco/