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Seller Type: Agency, Property Type: House, Number Of Bedrooms: 2

Rare opportunity to buy an apartment in Marrakesh, Morocco and spread the balance over 10 years.

Priced at £145,000 and payable over 10 years at only £1,208 per month.
No mortgage required.
No deposit required.
No interest payable.

Highlights:
Located in the centre of Marrakesh on a busy street next to lots of amenities.
1st floor apartment.
2 bedrooms both leading to a terrace.
Large lounge.
Spacious kitchen.
Modern bathroom.

Marrakesh has experienced a massive 63% increase in tourism since May 2019 according to new data by Marrakech's Regional Tourism Delegation.
There are over 1,000 AirBnB's in Marrakesh and close to 400 hotels.

Location:
Prime location in the city centre with an abundance of amenities close by such as hotels, restaurants, souks, cafes, cinemas, shops, tourist attractions etc.
5 minutes to Marrakech Train Station.
5 minutes to University of Marrakech Cadi Ayyad.
5 minutes to Majorelle Garden.
10 minutes to Jemaa el-Fnaa - the main square in Marrakesh.
10 minutes to Marrakesh Museum.
10 minutes to Bahia Palace.
10 minutes to El Badi Palace.
10 minutes to Saadian Tombs.
15 minutes to Marrakesh Menara Airport.

Investing in Property in Marrakesh: A Lucrative Opportunity for Appreciation and Rental Income

When it comes to real estate investment, the enchanting city of Marrakesh stands out as a shining gem in Morocco's landscape. With its rich history, vibrant culture, and growing tourist appeal, investing in property in Marrakesh offers a unique and promising opportunity for both short-term gains and long-term financial stability.

1. Potential Appreciation: Marrakesh's property market has been on an upward trajectory for several years, and the potential for appreciation remains strong. The city's unique blend of traditional Moroccan architecture and modern amenities attracts not only tourists but also investors looking to capitalize on the growing demand for high-quality accommodations. As tourism and foreign investment continue to increase, the demand for property in prime locations within Marrakesh is expected to drive property values higher over time.

2. Short-Term Rental Income Potential: One of the most significant advantages of investing in property in Marrakesh is the thriving short-term rental market. The city's popularity as a tourist destination ensures a consistent influx of visitors seeking authentic Moroccan experiences. By investing in well-located properties and furnishing them to meet the preferences of travelers, investors can tap into the lucrative short-term rental market. Platforms like Airbnb have made it easier than ever for property owners to connect with potential renters and earn substantial income, especially during peak tourist seasons.

3. Long-Term Rental Income Potential: In addition to short-term rentals, Marrakesh also offers a promising long-term rental market. The city has been witnessing a rise in expatriates, digital nomads, and professionals seeking to live and work in a culturally rich environment. This demographic is often interested in long-term rentals, providing property investors with a steady stream of income. Offering well-maintained, comfortable, and appropriately priced rental properties can lead to reliable monthly earnings.

4. Cultural Appeal and Tourism: Marrakesh's enduring charm lies in its labyrinthine medinas, historic landmarks, and bustling souks. These features attract tourists year-round, ensuring a consistent demand for accommodation. Additionally, the city's reputation as a vibrant cultural hub and its proximity to other tourist attractions in Morocco make it an enticing choice for travelers. Investing in a property that aligns with the city's unique aesthetic and charm can enhance its rental potential and attractiveness to tourists.

5. Government Initiatives and Infrastructure Development: The Moroccan government has been actively working to boost tourism and foreign investment. Initiatives aimed at improving infrastructure, simplifying regulations, and promoting the country's cultural heritage have contributed to Marrakesh's appeal. Such efforts not only enhance the overall quality of life in the city but also contribute to the growth of its property market.

6. Diversification of Investment Portfolio: Investing in property in Marrakesh can provide diversification benefits to an investor's portfolio. Real estate often behaves differently from traditional financial assets, such as stocks and bonds, making it a valuable addition to an investment strategy. A well-chosen property in Marrakesh can serve as a hedge against market volatility and economic uncertainty.

In conclusion, investing in property in Marrakesh offers a range of benefits, from potential appreciation in property values to lucrative short and long-term rental income. The city's unique cultural appeal, growing tourism industry, and government initiatives make it an attractive destination for both tourists and investors. However, as with any investment, thorough research, due diligence, and a keen understanding of the local real estate market are essential to making informed decisions that align with your financial goals. With the right approach, investing in property in Marrakesh could be a rewarding venture that combines financial gains with a touch of Moroccan magic.

Popular tourist attractions in Marrakesh:

Jemaa el-Fnaa: This bustling square is the heart of Marrakesh's medina (old city). During the day, it's a lively market with food stalls, performers, and vendors. At night, it transforms into an even more vibrant spectacle with street food, music, and entertainment.

Bahia Palace: This stunning 19th-century palace showcases intricate architecture, beautiful gardens, and decorative elements that provide a glimpse into Morocco's history and royal lifestyle.

Saadian Tombs: These tombs date back to the time of the Saadian dynasty and were rediscovered in 1917. They contain the remains of members of the dynasty, along with beautifully decorated mausoleums.

Majorelle Garden: Designed by French painter Jacques Majorelle, this garden is famous for its vibrant blue structures and lush plant life. It also houses the Berber Museum and is a peaceful escape from the city's hustle and bustle.

El Badi Palace: Once a grand palace, now in ruins, this site offers a glimpse of its former opulence through its large courtyards, sunken gardens, and remnants of intricate tilework.

Medersa Ben Youssef: A historic Islamic school known for its stunning architecture, intricate tilework, and peaceful courtyard. It's a prime example of Moroccan craftsmanship and design.

Marrakesh Museum: Housed in a former palace, this museum showcases a collection of Moroccan art, historical artifacts, and craftsmanship.

Souks (Markets): Marrakesh is famous for its bustling markets where you can find everything from spices and textiles to leather goods and ceramics. The markets are a sensory-rich experience that's a must-visit for any traveler.

Atlas Mountains: While not within the city, the nearby Atlas Mountains offer a fantastic opportunity for day trips or longer excursions. The scenery is breathtaking, and you can explore traditional Berber villages and enjoy outdoor activities.