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Book now! Mediterrania Saidia Resort to be open for next summer.

Posted in Morocco property,MP,Property News,Property Updates,Saidia property,Uncategorized by admin Wednesday November 19, 2008

At  meeting in Palma, Mallorca last week all the major players in the fabulous five star resort “Mediterrania Saidia” signed a memorandum of understanding that the resort will be ready by June 2009. Under the agreement FADESA Maroc will deliver the two hotels it’s currently working on in March and April next year – giving ample time to train staff before the summer rush.

Harbourside cafes are already open

Harbourside cafes are already open

An extensive marketing plan for the resort was also agreed and will be implemented in conjunction with the Moroccan Tourism Board and hotel operators, Barcelo and Iberostar. Michael Kent of Moroccan Sands added “We been extremely impressed by the recent progress in Saidia , the direct motorway link to the airport is complete and I think the first visitors will be bowled over by what’s on offer. We’ve been involved with Saidia from the start and it’s tremendously rewarding when milestones in the project such as this are reached.

The outlook for rental property in Morocco remains strong

Posted in Morocco property,Property News,Saidia property by admin Wednesday November 19, 2008

A frequent fear of many overseas buyers is that as economic conditions tighten it will become harder to make a rental return from their investment. Whilst this may be true in certain overhyped destinations such as Bulgaria and Dubai it certainly isn’t true in Morocco.

Since colonial times the French influence remains strong

Since colonial times the French influence remains strong

This is because tourist numbers to Morocco are dominated by the French who make up nearly 70% of all arrivals and France is currently the only eurozone country still experiencing growth in the last quarter. Even if the French economy takes a downturn the level of state benefits is such that most families will continue to holiday as normal and the opening of ever cheap ways to travel between the two countries will enhance this further.

Recent evidence from the UK also suggests that Morocco is well placed to benefit as respondents to a survey suggested that it would be the traditional “bucket and spade resorts” on the Costas which would be worst hit as they were perceived as the most overpriced. Morocco was viewed favourably as it offered an exotic destination with value for money – a combination most travel industry experts believe will become increasingly attractive in the future.

Another boost for Moroccan tourism

Posted in Morocco property,MP,Property News by admin Wednesday November 19, 2008

In addition to their strategic plans “Vision 2010” and the Plan Azur the Moroccan government announced on 18th November a further $95 million dollars for the tourism sector. This massive amount dwarfs anything spent elsewhere and should be viewed as a further sign of confidence in the long term aspirations of Morocco.

Michael Kent, Managing Director of leading Moroccan property company Moroccan Sands commented, “ This once again shows why Morocco is the only overseas destination that deserves serious consideration from investors. There’s such an enormous amount of investment flowing into the country from the Gulf and Europe that growth, even in these constrained times.”

Indeed the figures support this assertion – for whilst most of Europe and the US is forecasting minimal or even negative growth Morocco predicts a year of continued growth, with the latest estimates (Oct 2008) at around 5.8%. Indeed this figure could be set to rise once the lower cost of fuel filters down through the economy.

Mohammed Boussaid, the Moroccan Minister of Tourism, also added that due to the policies put in place by the government (such as developing resorts in virgin areas and the new flight route agreements) would enable Morocco to survive and prosper in these difficult times.

Which is all good news for people buying property in Morocco as greater prosperity will stimulate not only the domestic market but also continue to attract overseas buyers.

Moroccan economy ‘most interesting’

Posted in Morocco property,Property News by admin Wednesday November 19, 2008

The economy of Morocco is the “most interesting in North Africa in terms of growth potential,” said Dominique Gautier, a partner in the Munich-based “Roland Berger Strategy Consultant” which has an office in Casablanca, Morocco.

Moroccan Finance minister Salaheddine Mezouar

Gautier who explained to “The Financial Times” the reasons behind opening a branch in Morocco noted that Morocco offers great opportunities for consulting companies. Roland Berger Strategy Consultants is one of the world’s leading strategy consultancies with 36 offices in 25 countries, the company has successful operations in all major international markets.

“As well as helping local companies such as Royal Air Maroc with their ambitious pan-African strategies, the consultancy has just finalized a new sports strategy for the kingdom of Morocco,” Gautier said.

The FT stressed that international consultancies are reporting steady or strong growth in their African businesses, adding that only China receives more investment than the MEDA countries (in which Morocco is a major partner).

More good news for Saidia property buyers

Posted in Morocco property,New Launch,Property News,Saidia property by Michael Kent Friday October 17, 2008

Jardin de Fleur, the leading developer in Saidia, has today announced the signing of an agreement with Golden Tulip to operate the resort previously know as RT-7 Les Jardins du Maroc. These extremely spacious two, three and four bedroom penthouses and apartments in Saidia are intelligently arranged around the perimater of the resort with the focus in the centre being on the impressive facilities for owners; including a heated swimming pool, restaurant and bar, amphitheatre, tennis court, solarium and children’s area.

The Golden Tulip Residences

The Golden Tulip Residences

Hans Kennedie, CEO of Golden Tulip added, “The Tulip Residences will offer fully serviced, tastefully furnished properties that combine luxury and elegence with all the comforts you could wish for. Saidia is a fantastic location with immense potential.”

Who are Golden Tulip?
Based in Lausanne Switzerland, the Golden Tulip Hospitality Group operates more than 780 hotels worldwide in more than 50 countries. They operate across the range of hotel categories but in Saidia they are operating under their Tulip Residences four star brand with superior first-class service. The Residences are designed to be a home from home and more personal and spacious than traditional hotel rooms.

What are the advantages of buying with Le Jardin de Fleur?
As a buyer on one of the Jardin de Fleur resorts you benefit from probably some of the best leaseback deals available in the world today. They have contracted established and reputable hotel operators such as Radisson and Best Western to provide rental clients for their apartments – giving you the benefit of a massive marketing budget and client database. So as you can see this is one resort that won’t just take your money and leave you to get rental clients yourself, indeed the proactive approach taken by the developer is just one reason that Moroccan Sands recommends Le Jardin de Fleur above others in Saidia.

For more information about Le Jardin de Fleur and Saidia go here

Investors ‘pile into property’

Posted in Morocco property,Property News,Tanger property by admin Friday October 10, 2008

The Times Newspaper today reported that investors who have lost faith in the banking system are turning to property as a safe haven for their cash.

Estate agents have identified a growth in interest from cash buyers, who want something tangible for their money rather than depositing it with banks they no longer trust.

The trend is emerging in all corners of the property market, according to one nationwide agent, from high-end mews houses in Knightsbridge to dilapidated two-up two-downs in the East Midlands.

Lindsay Cuthill, head of the southwest London office of Savills estate agents, said: “Ten days ago a wealthy, well-known businessman seeking to buy a mews in Chelsea told me, ‘I feel my money is safer here than in the banks’.”

Many investors are also looking at countries like Morocco, largely immune from the present troubles in the financial system, as a “safe haven” for their investments. Michael Kent, Managing Director of leading Moroccan property company Moroccan Sands commented “We’re seeing an increase in enquiries from established investors who recognise that their money in safer in bricks and motar in Morocco than an Icelandic bank.”

“In constrast to the UK housing market, property in Morocco is rising in price and mortgages are freely available from the major Moroccan banks. So if you’re looking for a profitable long term investment the Moroccan property market looks extremely tempting at present.”

Markets such as Saidia on the Mediterranean coast and Tangier at the mouth of the Straits of Gibraltar are especially recommended as they are developing rapidly due to their geographical advantages and in both cases they are backed by massive private and public investment from which the individual investor can benefit.

The Financial Times recognises Morocco’s advantages

In an article by Heba Saleh in The Financial Times of London recognised that Morocco and its economy are remarkably immune from the troubles caused by the banking system and credit crunch in countries around the world. Despite being the only nation in the Magreb without its own oil or gas Morocco nonetheless appears to have managed to maintain economic stability in the face of global inflation.

“The numbers this year are certainly showing the very great resilience of the Moroccan economy in the context of international turmoil.” said Frances Clottes head of the World Bank in Morocco.

Despite the continuing reliance on agriculture for employment, increased revenue has come from tourism and corporate tax receipts – which rose 70% due to the higher level of investment in the country.

“From 1996 to 2004 nothing was happening in the economy,” said a Moroccan investment banker. “But starting from 2005 things started to improve thanks to all the public investment in infrastructure and the private investment in real estate and tourism.”

The most notable overseas investment has come from Renault which is putting $1 billion into a new manufacturing plant just outside Tangiers adjacent to the Tangier Med Port and inside the Free Trade Zone. When complete the Port alone will generate around 100,000 new jobs and will be the largest such facility in the Mediterranean.

The deal on its own is significant but ambitious locals are seeking to use this recognition by an internationally respected corporation to attract many other companies to the area, especially those in the aeronautical and automotive industries.

This all great news for people who have already invested in property in Tangier as the unique combination of Morocco’s economic stability and the attraction of the Free Trade Zone in Tangier look likely to attract significant levels of further investment. All analysts foresee a continuation of property price growth as the wealth created spreads through the Moroccan professional classes and expat managers look for “western standard” accommodation in Tangier.

Source: The Financial Times : Oct 2nd 2008

Tangier Med Port welcomes first containers

The new Moroccan container terminal, 30km outside Tangier, Eurogate Tanger on Wednesday handled its first containership ahead of the start of regular liner services next month.

The first ship at the facility was the massive 8,488-TEU CMA CGM Otello, which discharged five disassembled Kalmar rubber-tired gantry cranes (RTGs).

The first regular service to call at Eurogate Tanger will be kicking off on Oct. 8 2008 with CMA CGM La Traviata, another 8,488-TEU ship. The terminal has 450 meters of quayside and five container gantry cranes. By the end of the year, the quay length will be extended to 810 meters and three more container gantry cranes will arrive in January 2009.

“Although the official opening ceremony of Eurogate Tanger will not be until spring next year, we will be fully operational by the end of this year. We are now starting to handle ocean carriers and will soon increase the number of services,” said Domenico Bagalà, president of the management board of Eurogate Tanger.

Eurogate Tanger is a joint development between German container terminal operator Eurogate and major European shipping lines Mediterranean Shipping Co., Zim and CMA CGM, together with its Moroccan subsidiary Comanav. It will be the major engine for economic growth in the Tangier region and is estimated to create over 100,000 new jobs directly and many more indirectly. Several new large scale manufacturing concerns have already moved to the area to take advantage of the port facilities and the adjacent Free Trade Zone (which allows import and export without tarriffs) including Nissan Renault and Airbus Industries.

Michael Kent of Moroccan Sands added ” The new port will revolutionise Tangier and inject much needed wealth into the local economy. This will undoubtedly have an upward impact on Tangier property prices as expats and middle class Moroccans enter the market. Indeed, in our opinion, this is what makes Tangier such a geat investment – not only are you investing in a city with caché but the growth is based on real economic factors and not reliant on the holiday rental market.”

Saidia attracts more top names

Posted in Property News,Uncategorized by admin Thursday September 25, 2008

The amazing new beachfront resort at Mediterrania Saidia received another vote of confidence from some of the top brands names in the travel industry. The endorsement of Saidia’s potential comes on top of the existing commitments by the SAS Radisson chain and David Lloyd Tennis Academies, amongst others.

Not only does this mean Le Jardin de Fleur investors will enjoy all the facilities of the hotel-operated
resorts such as clubhouses, swimming pools, restaurants and spas, but they will also benefit from a
leaseback system that enables them to earn rental income generated from the year-round hotel
occupancy.

The superior sector of the world’s largest hotel chain, Best Western Premier, is set to manage the formerly named Sur Mer resort (RT-2) which will now be known as the Best Western Premier Le Jardin de Fleur, featuring 126 luxury apartments and penthouses. This manoeuvre gives Le Jardin de Fleur owners access to a worldwide reservation system plus independent marketing through the brand’s international networks and associates. The endorsement of such a well respected name for the Sur Mer apartments is sure to make these exclusive apartments on of the best investments in Saidia property.

“The Best Western Premier hotel brand was launched to provide a higher level of service and amenities together with a characterful dimension. This resort will add to a network of more than 100 Best Western Premier hotels currently located throughout Europe and Asia. We are very proud to be part of the development of the Saïdia resort project, one of the major plans to develop tourism in the country” said Stephane Cremel, Director of Development for Best Western in Morocco. The Best Western Premier Le Jardin de Fleur (previously known as ‘Sur Mer’) will feature 126 luxury apartments and penthouses and is scheduled to open in 2009.

Top Hotel operators recognise Saidia's potential

The Best Western Premier Le Jardin de Fleur resort will offer a lagoon swimming pool, family entertainment, spa, themed restaurant & café-bar, and clubhouse set within landscaped Moroccan gardens, just minutes walk from the beach and golf course. The chain’s powerful global marketing and reservations network will enable the Saïdia destination to maximize on opportunities in the ever growing short-stay and longer-stay leisure markets.

In addition to this, Le Jardin de Fleur signed a management agreement last week with the Marrakech-based luxury hotel operator Hivernage, part of the Great Hotels of the World Group. The Hivernage Resort & Spa (formerly known as “Villas du Soleil”) will feature 76 villa residences with their own private pool, and will open in 2010. Enjoying a tranquil beach and golf position the resort will feature outdoor and indoor lagoon
pools, Moroccan spa, French brasserie, clubhouse and tennis courts.

Morocco is the latest travel hotspot

Posted in Morocco property,Property News by admin Thursday September 25, 2008
Kuoni see Morocco as a market with great untapped potential

Kuoni see Morocco as a market with great untapped potential

Mid-haul destinations, such as Morocco, are the latest travel hotspots, according to Thomson and First Choice’s new Trends Report 2008-09.

More than one fifth of holidays taken with Thomson and First Choice in 2007 were outside Europe, as opposed to just 15 per cent in 2003 and the number is set to rise further in 2009.

Market research company Mintel also confirmed the increasing popularity of countries such as Morocco, Egypt and Middle Eastern destinations including Dubai, Oman and the other Emirates thanks to their mix of guaranteed warmth, lower prices and a touch more exoticism than familiar destinations in the Med.

‘It’s happening across the board,’ says Richard Cope, senior travel analyst at Mintel. ‘The euro is a big factor – people were sheltered this summer by brochure prices which were fixed at the beginning of the year, but prices will rise for 2009, meaning people will look increasingly at countries outside the eurozone. And the new Easyjet routes into Morocco have also made it more accessible. People are competitive about their holidays, and [may feel] there is something a bit old-hat about the Med.’

Mainstream operators are reacting to the growing demand by developing their mid-haul programmes; Kuoni now has stand-alone Arabia & North Africa and Dubai brochures. ‘The mid-haul market is faring well,’ says Anne-Marie Hansen of Kuoni. Morocco is a new entry into the Kuoni Top 20 destinations chart ousting previously established destinations such as Jamaica and Mexico.

Source : The Observer, Sunday September 21 2008