Morocco
A surge in overseas investment
and demand for second homes
has seen Morocco flourish
Morocco has an interesting property market as it is
one of the only places that attract second home buyers
to inland cities such as Marrakech and Fez, as well
as the coastal resorts. Both nationals and foreigners
are starting to invest more, the economy has grown
stronger, investment and wealth have increased, and
a growing number of international tourists have been
visiting this country that is the crossroads between
Africa, Europe and the Middle East.
As a result Morocco has seen a surge in overseas
investment and an increased demand from those
looking to buy second homes, either for personal use or
as an investment. Morocco boasts beach, golf, spa and
cultural tourism, with attractive beaches, mountains Increase in foreign visitors
Morocco’s culture and
climate is increasingly
and a good year round climate. A short flight time from Morocco has seen its international arrivals rise by nine
attracting more
northern Europe and a rise in the number of airlines per cent per annum since 2001. France makes up for
second home buyers
operating in Morocco, the country has benefited from the biggest proportion of tourists, but the volume of
its improved tourism infrastructure. British tourists has increased the most in that eight-year
Within the country there is a trend for the growing period. Many visitors are heading to Marrakech, with its
population (1.2 per cent per annum) to migrate to the chic ‘jet-set’ image, and rich heritage. As a result it has
cities, contributing to the demand for housing. And become an important second home destination and new
as they grow wealthier, nationals are also demanding development comprises large, traditional, Riad-style
high-quality, new housing. The government has played properties, fitted with modern amenities and features.
a big part in the increase in Morocco’s international Agadir, Casablanca and Tangier follow Marrakech
profile such as the Vision 2010 and Plan Azur which has as popular destinations and all of these areas have
earmarked six coastal sites for resort development. consequently attracted a healthy global buyer market. n
Property Focus
Morocco’s finest
properties benefit
from the country’s
rich heritage
Marrakech, Morocco Tangiers, Morocco
Contact: This impressive property offers 4 suites, a fitness room, An elegant 5-bedroom villa constructed in the late
Ila Amba pool, tennis court and Moroccan and Indian decor, and is 1890’s, it is conveniently situated in one of the most
+44 (0) 20 7016 3740 situated just 15 minutes from the centre of Marrakech. exclusive areas in the White City of Tangier.
iamba@savills.com Price: €3.7 million Price: €4 million
savills global residential review 25
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