July 26th, 2010
Moroccan Property News: Marrakech. A new way of assessing the cost of holiday homes in different countries has been published in the Daily Telegraph, comparing the cost per square metre on a like-for-like basis in popular, easily accessible tourist destinations. This makes it easier to compare the inherent value in these sought after locations and Marrakech clearly represents outstanding value considering it popularly and the number of inbound flights from numerous countries.
Cheapest locations per square metre include:
· Marrakech £1,265
· Muscat, Oman £1,670
· Sarasota, Florida £2,470
· St Nevis, Caribbean £2,575
Most expensive locations per square metre:
· Monaco £44,400
· Courchevel, France £17,765
· Paris £10,210
· Manhattan £9,720
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Tags: Marrakech Property For Sale
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July 9th, 2010
Morocco Property News: Morocco expects 9.4 million tourists this year, 6 percent higher than in 2009 but slightly below a target of 10 million set before recessions hit its major markets, the tourism minister has said.
Tourism is the biggest source of foreign currency for Morocco and despite the fact that global tourism contracted 4.3 percent last year and fell 6 percent in Europe (the origin of most of Morocco’s foreign visitors), Morocco has managed to keep visitor numbers growing by 6.5 percent.
“Achieving 94 percent of our (2010) goal, bearing in mind that we just went through one of the biggest global crises in a century, is a very satisfying result,” Tourism Minister Yassir Znagui told reporters late on Monday. Znagui said the number of visitors rebounded by 16 percent in the first three months of 2010 to 1.72 million, night stays grew by 7 percent to 3.7 million and tourism income grew by 12 percent to 10.2 billion Dirhams (about 900 million Euros). Read the rest of this entry »
Tags: Property In Morocco
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July 9th, 2010
Moroccan Property News: Morocco has suffered little from the global economic crisis due to an economy that is diversified and the rising information technology sector in the country, the International Monetary Fund Managing Director Dominique Strauss-Kahn said Wednesday.
“Countries with diversified economies, such as Morocco, have better resisted (the global financial crisis) and could have a strong rate of growth,” Strauss-Kahn said in an interview published on Wednesday by the Egyptian newspaper Al Ahram Hebdo. Read the rest of this entry »
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May 14th, 2010
Moroccan Golf Property News. Marrakech is a vibrant and charming city at the foot of the majestic Atlas Mountains and based around an ancient oasis. With 333 days of sunshine per year and very easy access from northern Europe it offers something for everyone and is already competing alongside main stay European cities in the high earning sector of weekend breaks. Very high occupancy levels in an already established tourist destination are attractive from an investment perspective and the year round sunshine, amazing culture, golf, mountains, gardens, restaurants and nightlife also make the lifestyle opportunity to good to miss. Read the rest of this entry »
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April 22nd, 2010
News About Moroccan Property In Tangier. A project for an overhaul of the port in the city of Tangier is in the offing. The plan hopes to transform Tangier into a leading yachting marina in the Mediterranean. Many changes are expected to help return Tangier to a leading position among Mediterranean cities. “This major project, which will begin construction in 2011 will make the port of Tangier and its bay one of the first marinas and cruise destinations in the Mediterranean,” said President of the Tangier port development & conversion society, Abdelouafi Laftit.
Among other new developments, the new port will accommodate bigger cruise ships and pleasure boats. Mr. Laftit also said that additional space would be available for hotels and other tourism activities in an effort to promote new services in the port area. With the opening of the newer and larger Tanger-Med port, located twenty kilometres to the east there is an opportunity to transform not only the port but also the city of Tangier into a more leisurely, clean and cultured city that will be able to attract more visitors from Europe and elsewhere.
Robert Shaw
Elite Morocco Properties
T: +44 (0) 208 529 3635
E: info@moroccoproperties.net
1: www.moroccoproperties.net
2: www.marrakech-property.net
Tags: Moroccan Property For Sale In Tangier
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April 22nd, 2010
News About Property In Marrakech. In a boost to Morocco’s burgeoning tourism market, the owner of the Ramada hotel group has announced that it plans to construct eight properties in the North African country. At the opening of the new Ramada Fes, Fawaz Majid Al Badr, the CEO of hotel owner the Al-Tameer investment group, told reporters and guests that the Kuwaiti group would build a further seven properties in the country. Read the rest of this entry »
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April 22nd, 2010
Property In Morocco News. Morocco’s foreign currency debt has been raised to “Investment Grade” by Standard & Poor’s Ratings Services. Standard & Poor’s has thus raised its long-term foreign currency sovereign credit rating on Morocco to ‘BBB-’ from ‘BB+’, and its long-term local currency sovereign credit rating to ‘BBB+’ from ‘BBB’.
Standard & Poor’s also raised its short-term foreign currency sovereign credit rating on Morocco to ‘A-3′ from ‘B’ and its short-term local currency sovereign credit rating to ‘A-2′ from A-3′. It has also raised its transfer and convertibility assessment for Morocco to ‘BBB+’ from ‘BBB’.
In a press release, the Moroccan finance ministry has described this move as a “quantum leap”, which is a result of the reforms undertaken by the kingdom and macro-economic stability of the country.
Posted by Robert Shaw
Elite Morocco Properties
T: +44 (0) 208 529 3635
E: info@moroccoproperties.net
1: www.moroccoproperties.net
2: www.marrakech-property.net
Tags: Property In Morocco For Sale
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April 22nd, 2010
Marrakech Property For Sale. According to leading international agent Knight Frank, luxury and prime property in Morocco, particularly in the cosmopolitan city of Marrakech, is still in high demand from discerning professional investors and second home owners from around the globe, who are seeking a relatively lower-risk real estate investment in a country less affected by the recession than others like the UK and USA. Read the rest of this entry »
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April 22nd, 2010
Moroccan Property News. Morocco’s economy would grow this year by more than the 3.5 percent forecast by the government earlier mainly because of a strong recovery in exports and good cereals harvest, the industry and trade minister said in April 2010. “We will record higher gross domestic product growth this year than we envisaged earlier. We will post more than the 3.5 percent of growth we had projected,” Ahmed Reda Chami told Reuters in an interview, citing rising exports, strong growth in construction and higher-than-average cereal crop. Read the rest of this entry »
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March 11th, 2010
Morocco Property News: Now and for a limited time only Le Jardin de Fleur are offering some fantastic value added packages for investors in the unspoilt, romantic and exotic location of Saidia, hailed as the new ‘Cote d’Azur’. Read the rest of this entry »
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