In the 21st century, Morocco is the country on the African continent that is experiencing one of the fastest growing and fastest paced real estate markets in the region. There are a number of reasons why this is the case, chief amongst them is the fact that Morocco has enjoyed relative stability for an extended period of time. In addition, the climate in many parts of the country is very appealing to people from many different countries around the world.
With the brisk business that is being conducted in the Moroccan real estate market, many foreign nationals have invested in the country’s real estate. Foreign nationals have been found to be investing in commercial real estate as well as in vacation properties. Further, some foreign nationals — particular those from France — have invested in property in Morocco. (France has a long association with Morocco, the Kingdom of Morocco having once been a French colony.
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Investment Property in Morocco
As references, foreign nationals have been active investors in the Moroccan real estate market. Foreign nationals can be found holding all types of real estate in the Kingdom, including commercial, industrial and residential properties of different varieties (including vacation real estate).
On balance, investments in Moroccan real estate has proven to be a sound and solid investment. The value of real estate in Morocco has increased steadily over time. There has not been an overheating of the market in Morocco as has been experienced in some countries around the world. When a market overheats, the end result usually tends to be a collapse of the real estate market at least to some degree.
Residential Property in Morocco
Some foreign nationals have taken to purchasing single family houses in Morocco. The majority of these foreign nationals that do purchase single family dwellings are from France — again, because of the historical association between the Republic of France and the Kingdom of Morocco.
There has been a noticeable up tick in the past decade in the number of non-French foreign nationals who have taken to purchasing single family residences in that country. Primarily, these foreigners are buying these single family properties for holiday purposes. These second residences are being bought because many people have learned how lovely the climate is in many parts of Morocco .
Residential Real Estate – Apartments in Morocco
The Moroccan government has taken some pretty aggressive steps in attracting foreign commercial interested into the country. In this regard, the trade in apartments in the commercial centers of the country has been brisk since the turn of the century. More often than not, foreign nationals that have been found investing in this type of real estate are doing so because they need more long term residences in country while they are involved in some sort of commerce based project.
Some foreign nationals have taken to developing apartment buildings and complexes which they are then in turn leasing to other foreign nationals who find themselves in Morocco for extended stays due to business related obligations. This has proven to be a fairly lucrative venture for many of these foreign nationals.
Again, the French have been leading the way in this type of investment and development. However, other foreign nationals are becoming more involved in this type of development and ownership as the country continues to work at brining more foreign business, investment and capital into the Kingdom.
There are also a growing number of foreign nationals who have invested in apartment complexes and buildings in hopes of attracting some of the tourist trade that ventures into the Kingdom annually. Many visitors intend to stay in country for an extended period of time on holiday, making an apartment a very attractive housing option while visiting Morocco .
Holiday Property in Moroccan Holiday Resorts
During the couple of decades, a growing number of people have taken to spending holidays in the Kingdom of Morocco. Indeed, the government of the country has made a concerted effort to attract tourists to the country. Attracting tourists has become a primary concern of the government since the dawn of the 21st century.
With this in mind, there has been a significant demand for vacation real estate in the Kingdom. Many foreign nationals are buying real estate for vacation purposes in different regions of the country. In this regard, a majority of these foreign nationals are purchasing this type of real estate for their own usage. Foreign nationals for an array of different countries have taken to spending extended holidays in Morocco.
In addition to property for sale in Morocco for a foreign national’s personal use for holiday travel, some foreign nationals have come to understand that there is money to be made through the ownership of real estate that can be used for holiday and vacation purposes. Thus, a significant number of foreign nationals have purchased vacation real estate throughout the Kingdom which they, in turn, are leasing and renting to other people for use during holiday stays in the country.
For some foreign nationals, this type of investment has proven very lucrative, particularly in light of the concerted effort that the government of the Kingdom is making to attract visitors and tourists to the country.