The property measures 960 m2 and is set in beautifully landscaped grounds. The palatial property includes a swimming pool, gym and cinema room. He will also have a permanent caretaker on site for all maintenance. Button will be able to enjoy his main passion, with enough garage space 12 super cars.

Robert Shaw
Elite Morocco Properties
T: +44 (0) 208 529 3635
E: info@moroccoproperties.net
1: www.moroccoproperties.net
2: www.marrakech-property.net

“In the context of the 2009 Article IV consultation discussions, the mission reviewed recent economic developments and the authorities’ strategy for mitigating the impact of the global crisis on Morocco, and discussed policies to boost economic growth, income, and employment. The mission met with ministers, senior government officials, the Central Bank Governor, as well as with representatives from the private sector and labour unions. Despite the world economic slowdown, Morocco’s economic performance has remained solid. Real GDP growth was 5.6 percent in 2008, and is expected to be around 5 percent in 2009, sustained by strong domestic demand and exceptional agricultural production. Consumer price inflation will drop to less than 2 percent in 2009, reflecting, among other factors, the decline in world commodities price. The current account deficit is expected to improve, assuming that the recent signs of a rebound continue in the last part of the year.

Fiscal policy will appropriately loosen in 2009 and 2010, reflecting in good part the authorities’ counter-cyclical measures. Over the medium term, fiscal policy should aim to gradually bring the budget deficit below 3 percent of GDP, without jeopardizing the economic rebound.

Important reforms in the public finance area are ongoing, including tax reforms, and efforts to gradually replace the current system of subsidies by targeted measures to assist the low-income segments of the population. The central bank has responded appropriately to the evolving economic and financial conditions through its interest rate policy and liquidity management tools. The mission notes that the central bank has the necessary tools, resources, and analytical framework in place should monetary policy evolve to an inflation targeting framework.

The banking sector remains solid, and has largely been untouched by developments in international financial markets. Given the rapid credit growth in recent years, the Central Bank continues to pay close attention to credit quality.

Strong and sustained economic growth in Morocco will depend on reforms aimed at increasing the productivity and competitiveness of the economy, and boosting Morocco’s ability to compete on external markets. To these ends, the authorities are undertaking a wide range of reforms, including in the sectors of justice, agriculture, energy, property and education. Success in these efforts will raise investment and output, and help address key social challenges, including youth unemployment.”

Robert Shaw
Elite Morocco Properties
T: +44 (0) 208 529 3635
E: info@moroccoproperties.net
1: www.moroccoproperties.net
2: www.marrakech-property.net

Property In Morocco, Mediterrania Saidia For Sale. The King of Morocco, Mohammed VI recently inaugurated the prestigious Mediterrania Saidia community, the most exclusive new coastal development in Morocco, and the ‘Cote d’Azur’ of this region with 5 star facilities front line to the best beaches in Morocco.

The event launched the 2nd part of the enormous marina with capacity to host 1350 boats, El Palmeral golf course, an 18 hole championship course to be managed by Troon Golf, the Medina Saidia, a 40-hectare shopping area built just like the traditional Moroccan medina in Marrakech and two beach front hotels: the Barcelo and the Iberostar.

There is a film showing the Mediterrania Saidia development on You Tube – to access click here.

Mediterrania Saidia is the first and only government-backed project on the Mediterranean coast of Morocco and this Government funding means a very low risk, very important in today’s market. Prices are a fraction of other established luxury marina reference points in the region like Puerte Banus, Vilamoura and the Cote d’Azur

The new community is close to Oujda airport and direct flights from the UK will be available once the hotel bookings start flooding in. To give you an idea, there will be over 20 global hotel groups working in Saidia including the Riu, Barcelo, Globalia, Iberstar, Radisson, Best Western, Golden Tulip, World Hotels to name but a few.

Special tax rules granted by the government add to the excellent investment credentials of Saidia and strict planning rules limit development to the absolute minimum. The Mediterrania Saidia resort covers 7,000,000 m2 and will have a capacity of 30,000 beds, and generate 8,000 direct jobs and 40,000 indirect ones by 2013. Very low-density build enhances the 5 star luxury environment. Up to now, 33% of the accommodation capacity has been achieved, and 1,700 direct and 8,500 indirect jobs have been created.

For you entertainment, service and safety there are:

* 6 kilometres of beach with 17 exclusive beach clubs
* 3 designer golf courses – one championship standard
* Commercial areas including the large Moroccan Souk
* Top international brands, bars, restaurants, and shopping centre
* Spa, fitness clubs, water parks and a medical centre
* Comprehensive 5 star sports facilities including David Lloyd tennis club
* Football stadium, indoor and outdoor public pools including one Olympic size
* 1,000-seat business auditorium and exhibition centre
* Diving, sailing centre and yacht club
* Medical centre and heliport
* Water park

The 1.5 billion dollar Saidia community is part of the Moroccan Government’s “Plan Azur” programme that aims to create new tourist destinations and increase the GDP contribution of Moroccan tourism to 20% by 2010. This will be achieved with the development of coastal resorts amongst other key initiatives. Saidia is considered the most important of the Plan Azur projects, as it is the largest and first to be launched.

Posted by Robert Shaw, Marketing Manager, Elite Morocco Properties. +44(0)2085293635. Visit The Morocco Property Specialists Today at http://www.moroccoproperties.net/ For Moroccan Villas, Riads & Apartments.

WORLDHOTELS is an exclusive collection of the world’s most unique independent hotels and resorts now with almost 500 affiliate properties in more than 300 destinations and 70 countries worldwide.

Several developers are building property for the Moroccan Government in Saidia. Le Jardin de Fleur is being built by an award winning company who are developing 11 luxury communities (www.lejardindefleur.com).

Jardin de Fleur property owners will benefit from being part of the fantastic Saidia community (the 1st, largest and most prestigious tourism project built by the Moroccan government) and will also have exclusive access to all the lavish facilities on the 11 private Jardin de Fleur sites.

Jardin de Fleur have sold over 1,000 off plan properties on Saidia and many of these will be delivered in 2010/11. This is a real benefit to owners as the majority of Saidia will be completed by then. All properties are located close to the beach / golf courses and have a number of luxury services available in the community such as specialist restaurants, indoor and outdoor pools, spa facilities, tennis, amphitheatres etc.

Price includes everything: VAT (20%), pool (private or communal), designer kitchen, highest quality furniture, fixtures, fittings, air-con unit (hot and cold), designer bathroom, white goods, landscaping and a corporate / government guarantee.

Jardin de Fleur have announced Radisson Hotels (www.radisson.com), Best Western (www.bestwestern.com), Golden Tulip (www.goldentulip.com), Hivernage Hotels (www.hivernage-hotel.com) and World Hotels (www.worldhotels.com) amongst others as major tour operators to sign contracts to manage the communities. This announcement brings some spectacular names to the resort of Saidia and gives property owners the option of an optional 9 year lease back arrangement with a global tour operator (extendible).

Another major benefit to Jardin de Fleur owners is that community charges will be shared amongst all 11 sites. This means that the monthly maintenance charges will be lower for everyone and are expected to be around 100 Euros per month. This will cover all communal maintenance and is excellent value for money considering all the fantastic on site luxury facilities.

Robert Shaw
Elite Morocco Properties
T: +44 (0) 208 529 3635
E: info@moroccoproperties.net
1: www.moroccoproperties.net
2: www.marrakech-property.net