Guide To Your Future Property in Tangier, Morocco

Latest Real Estate News from Tangier

Morocco named as potential investment destination

TangierProperty on 17/03/2009, 18 06 56 (UTC)

Morocco has been identified as one location that may be ideal for UK property investors looking to make a purchase abroad.

John Howell, senior partner at the International Law Partnership, told the Press and Journal that the North African destination has a number of attractions that could tempt real estate buyers.

The country, which benefits from year-round favourable weather conditions, is not much further from the UK than Spain and uses French as its national language, he said.

"Additionally, Morocco has a government that has committed itself to a ten-year infrastructure improvement plan with a view to boosting tourism," he told the news source.

However, he warned potential buyers that regardless of where they choose to invest, they should ensure that both the type and price of the property is suitable before making a purchase.

Morocco's tourism minister, Mohammed Boussaid, recently revealed that the country is expecting to profit from the economic crisis, as he expects holidaymakers to head for the country in favour of more expensive destinations.

Morocco has great potential for romance and value for money

TangierProperty on 17/03/2009, 18 06 52 (UTC)

A luxury tour operator has pointed to Morocco as an ideal destination for an adventurous romantic destination.

The country offers the opportunity to relax, explore and indulge, according to Cadogan.

With interesting street markets and a plethora of sumptuous foods available, couples will enjoy a trip to Moroccan cities such as Tangier and Marrakech.

"A bonus for Morocco is that it is located outside the Eurozone so customers can make their sterling go further and splash out on extra luxuries such as shopping for the kids they left behind," the company said.

As well as relaxation, the country offers adventure in the form of hot air balloon rides or treks through the wilderness of the Atlas Mountains.

As a nation famous for its cuisine, Moroccan food enjoys a mixture of Spanish, Corsican, Portuguese, Berber, Middle Eastern, Moorish, African and Mediterranean flavours, meaning there is something to suit almost any palate.

Europe's Best And Worst Property Markets

Parmy Olson, Forbes Editor on 02/04/2008, 15 03 09 (UTC)

When American real estate sneezes, Europe's housing markets catch a cold.

Though some European countries are experiencing growth, recent house-price figures indicate that, as in the U.S., things in Europe are slowing down.

The big loser? Surprisingly, Ireland. House prices there have cooled, making its property market one of the first and most extreme casualties in the latest global economic downturn. Prices dropped 7% in 2007 after rising 12% a year earlier, according to figures from the Royal Institute of Chartered Surveyors (RICS), a nonprofit property consultancy based in Britain. That's a serious downturn for an economy that has recently been seen as the wunderkind of the Eurozone.

Spain is also suffering. The housing market there was scorching just a year ago, boosted by overseas demand for the country's sun-drenched villas. But house-price growth slowed to 3% in 2007 from 9% a year earlier.
Those living in Poland, the EU's fastest-growing housing market, are faring better. It tops the RICS' survey of 21 leading economies in Europe. House prices there grew at the phenomenal rate of 28% in 2007. Cyprus and Iceland are right behind. There, house-price inflation accelerated last year, to 15%--from 7.6%, and 9.0%, respectively.

Blame The Rates
These are anomalies; most housing markets in Europe either slowed sharply or slid backward in 2007. But before you start thinking this has anything to do with the subprime mortgage crisis in the U.S. and the ensuing global credit crisis, think again. Rising interest rates by the European Central Bank (ECB) are largely to blame for last year's downturn.

Here's more bad news: Don't expect stabilization anytime soon. Unlike the U.S. Federal Reserve, the ECB is loathe to cut borrowing rates, which means the effects of the credit crunch have yet to be felt.

That's not good news for big continental players like Germany, Europe's largest economy.

While the German economy has been enjoying a mini economic renaissance in the last few years, its housing market has been slow to catch up. Not helping matters is the fact that Germany has one of the biggest rental housing sectors in the world: some 58% of all its households rent, according to globalpropertyguide.com.

Meanwhile, a slowdown in the French economy is also hurting its housing market, with a similar "quieting" happening in the United Kingdom, Belgium and the Netherlands.

"Are the skies looking a little brighter? It is still too early to say," says Liam Bailey, head of residential real estate research at the London-based Knight Frank.

He says Britain's key hot spots are still the glitzy Central London districts of Kensington and Chelsea. But growth even in Britain's capital, which boasts some of the most expensive property in the world, is slowing. In mid-2007, quarterly growth in prime London was around 8%--now it's at around 2.5%, according to Knight Frank.

There are some countries, like Bulgaria and Latvia, that didn't make our list. This is simply because the RICS has not been able to get their government statistical departments or housing associations to release the relevant information. But anecdotal information shows that while these housing markets have seen phenomenal growth, even they are on the wane.

"There was a peak in growth in the Baltic markets, but it's over," says Gareth Williams, Knight Frank senior research analyst. "You won't see the 40% to 50% growth rates again in those countries." The peak for Latvia was in the beginning of 2007; Lithuania was a little earlier, he says.

Latvia's mortgage market--or the total value of mortgage loans outstanding--rose by a phenomenal 86.5%, in 2006, according to research by the European Mortgage Federation. In Bulgaria, it grew by 73.5%, for the same period, and in Estonia by 63.4%. But even that was a fall from 97.2%, for Latvia and Bulgaria in 2005.

Who's been investing in these places? "The Irish are big on cross-border investment," says Williams. "The Germans are buying in places like Bulgaria. Also, a lot of property there is purchased by Russians."

These are just a few of the prime property hot spots generally thought to be safe bets. Others include London, Monaco, France's Dordogne and gorgeous coastal locations like Cote D'Azure or the Northern Sardinian beach paradise of Costa Smeralda.

Europe's pockets of prime, or ritzy, property have another good reason to see through the credit crunch. The people who buy multi-million dollar houses don't typically take out mortgages--they can usually afford to pay the asking price upfront. That means the rate decisions made by central banker in Brussels make little difference.

But for Europe as a whole--and that includes countries outside the EU, like Switzerland and Iceland--housing markets will be determined by the region's motley economic fortunes.

And they're in a dubious state at the moment.

Triloni Search Engine- The First Real Estate Search Engine

TangierProperty on 13/01/2008, 23 11 48 (UTC)

Monday 01/14/2008- Tangier : Excalibur Real Estate Agency will launch in cooperation with Google Inc. The Triloni Project, the first Real Estate Search Engine specialized in bringing different and latest property products available in Morocco.
The Search engine's database will contain mainly offers from real estate agencies around the country, located in cities like Tangier, Rabat, Casablanca, Marrakech and Agadir, and a list of promoted properties selected by the future search engine. Thus this service will help moroccan property seekers to easily and quickly find the best product before visiting real estate agencies bureaus. Those laters will profit from this service by delivering their products to a large audience, and on the other hand it will allow them to better develop a professional brand name and target new customers and investors. The free service will be available to public next February 2008.
The project comes as a result of an increasing demand of properties in Morocco, and especially in the cities listed above. Moreover foreign clients are investing more and more in the moroccan real estate market, and they basically rely on internet to find their future house in Morocco.

Excalibur Agency to promote La Baie Panoramique high standing appartments

TangierProterty on 27/11/2007, 16 04 31 (UTC)

	Thursday 11/27/2007, Tangier: Excalibur real estate agency will promote La Baie Panoramique Project. This later consists of an off-plan development of high standing appartments located near the bay of Tangier.

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