Archive for February, 2010

Buying A Riad Property In Marrakech: A Rough Guide

Tuesday, February 23rd, 2010

Moroccan Riad Property In Marrakech. Marrakech has always been a popular destination for discerning tourists and with arrivals currently increasing 9% per annum it is easy to see why the riad guesthouse market is booming. The Moroccan government expects to receive over 3 million international visitors to Marrakech by the end of 2010 – over 30% of the total number of visitors to Morocco.

Riads are urban houses situated in the Marrakech medina (old city). With traditional Moroccan architecture and furnishings, combined with beautiful private courtyards and terraces the Marrakech riad property offers the combination of urban living and a peaceful, engaging environment away from the hustle and bustle of the city. Moroccan artisans are often employed to hand make intricate mosaics (zellige), woodcarvings and ironmongery that combine to make riad interiors truly unique and special places. (more…)

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Property In Morocco News: IMF Says Moroccan Economy Strong

Friday, February 19th, 2010

Property In Morocco News: The Executive Board of the International Monetary Fund (IMF) concluded a consultation with Morocco and discussed the country’s economic developments and policies with officials. According to the IMF Consultation Statement, the country’s strong starting position, reflecting macroeconomic and structural reforms introduced over the last decade, has given Morocco greater room for manoeuvre in its policy response to current market conditions. The IMF Consultation Statement concluded that the direct impact of the global credit crisis on Morocco has been limited.

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Moroccan Porperty News: World Bank To Double Loans To Morocco

Friday, February 19th, 2010

Moroccan Porperty News: The World Bank plans to double loans to Morocco to $2.4 billion by 2013 to support the country’s efforts to continue its remarkable growth, Moroccan government and bank officials said on Tuesday. “The World Bank will increase its loans to Morocco to $600 million per year for the 2010-2013 period from $300 million annually in the previous years as a signal of the credibility of its development programme and reforms,” Economic Affairs Minister Nizar Baraka said. Morocco has averaged 5 percent economic growth annually over the past five years.

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Morocco Property News: 1.7 Billion Dirham Fund Announced

Friday, February 19th, 2010

Morocco Property News: On Wednesday 17th February a 1.7 billion dirham fund ($206m) was announced in Morocco to give a more competitive edge to the kingdom’s key-industrial sectors. The fund, set up within the frame of the “National Pact for Industrial Emergence (PNEI)”, will be supplied by the banks and the PNEI’s partners. This state-guaranteed fund, tailored to the foreign investors expectations, will finance credits, banking services and real-estate costs. Spanning over six years (2009-2015), this strategy seeks to promote training, human resources and investments. The action plan, which targets the sectors of automobiles, technologies, aeronautics, services, telecommunications, aims to create up to 220,000 job opportunities and boosting development through raising the industrial sector’s contribution to the Gross Domestic Product.

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Marrakech Property News: Edinburgh Announces New Flights

Friday, February 19th, 2010

Marrakech Property News: The director of Edinburgh airport has welcomed the news that Ryanair is to operate several new destinations from the capital, as part of expansion plans. Scotland will get its first direct link to Morocco with flights to Marrakech from Edinburgh, amongst other new services. Edinburgh airport director Gordon Dewar said the news made the city “better connected than ever”.

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