Tangier Property development is booming fast in Morocco, North Africa

PRLog (Press Release) – Mar 25, 2008 – The emerging property market in Morocco is causing a stir all
over the world, with increasing tourism, major foreign
investment, and the low cost of living, Morocco is becoming a
property hotspot and a very popular tourist destination. The City of Tangier is conveniently located only 14kms from Spain and less than 3 hours by plane from the UK. With Morocco now so easily accessible and with a clear and structured growth plan in place it’s easy to understand why it’s enjoying an increasing demand from people wishing to visit and invest in this beautiful country. Business and A list Celebrities such as Sir Richard Branson, George Clooney, Brad Pit, the Beckhams and Jude Law are now business or property owners in Morocco, which helps to raise both the profile and interest in the country.
Geography and strategic position has influenced the history and development of Morocco, With the Atlas Mountains separating the country from Africa and its northern position on the continent, it has developed its own unique blend of European
and African culture. This essentially costal country boasts great diversity, with stretches of desert, the Atlas Mountains, river valleys and golden sandy beaches. Morocco is known for its amazing architecture, famous local cuisine, art and culture and the hustle and bustle of the Market places and Souks.
Morocco is a constitutional monarchy with a population of approximately 33m people; The King, Mohammed VI has pledged to continue the economic and political liberalisation started by his Father who died in 1999.
He has devised an all encompassing plan [Vision 2010] which focuses mainly on increasing tourism and trade to boost the economy. He has looked to the success of Dubai welcoming inward investment, offering significant tax incentives for
investors and businesses. The development program not only includes massive changes in infrastructure and development but also improved education and welfare services.
The program is well under way and the signs indicate that the direction is beneficial for both the country and its people. The opportunity exists now, not only to make healthy returns on property investment, but also to be part of the modernisation
of this fascinating country.

For example Tanger Boulevard is a new fantastic and unique opportunity to invest in a city/beach lifestyle resort in Tangier. The development consists of 35.713 m2 of residential area arranged over two buildings. In total there are 419 specifically designed apartments and penthouses as well as 8,000 m2 of commercial space and 517 parking spaces. All units will be developed to high quality finishes whilst still keeping part of the Moroccan charm.

The development consists of a range of 1, 2 and 3 bedroom apartments and penthouses with quality finishes and a Moroccan flavour. The properties sit in a privileged situation overlooking the Mediterranean Ocean

The Development is a Spanish architecture, engineering and construction company and has developed projects in more than 30 countries. They have been active in Morocco with a series of retail centres, golf course project, public buildings, residential projects and two of the best known leisure and commercial developments in Tangier.

Prices range from £60,000 - £100,000 and the development is currently priced at 15%-20% below other developments in the city of similar quality. There is also the option to purchase parking spaces which are very limited in the centre of Tangier.

Location

Tanger Boulevard is conveniently situated within the city of Tangier and in close proximity to the new Tangier port and marina offering shops, boutiques, bars and restaurants and is only a 5 minute walk to the beach

Key Reasons to Invest

At present Tangiers is one of the best short to medium term investment hot spots in Morocco.
The development is being constructed in a prime position, a short distance between the beach, marina and various other amenities.
Owners will have access to an on site swimming pool, gymnasium and underground parking.
The complex has a good mixture of both residential and commercial space which will be occupied by designer brands and corporate businesses.
The whole area will be landscaped.
Prices are currently around 20% below current market value, but are due to increase over the next two weeks.
Completion is set for 2010 and mortgages are available at 70% LTV
Payment Terms

£2875 reservation deposit (45,000 MAD)
£1175 admin fee (including VAT)
20% on signing of contracts (less the deposit)
10% within the first 12 months
70% on completion - June 2010

If you are looking for to invest in Morocco property, resorts or high ended development, or to join investors and potential developers in a booming real estate and tourism market, do not hesitate you are in the right place and visit the website http://www.myasilah.com. If you don't find what you are looking for just send us an email or call us at +447951478813 and we will be only happy to offer you the whole assistance you need to make a huge profit in a short time as a simple investor or high ended developer. We have clients from USA, UK, France, Netherland, Belgium, Spain, Morocco and France