Overseas property guides for anyone interested in buying property in Tangiers, Morocco. Plus, find property in the rest of Morocco.

Tangiers is a city in northern Morocco and its location means that it has long been held as a gateway to the Arabic world for people from Europe.

Lying on the coast of the continent, near the western entrance to the Strait of Gibraltar, the city has a population of 669,680.

It is the capital of the Tangier-Tetouan Region and has long attracted creative people from Europe. In fact, William S Burroughs and Malcolm Forbes both opted to live in the city during their lives.

To find property in Tangiers and elsewhere in Morocco, visit: www.justoverseas.co.uk/propertyinmorocco

As a result of its proximity to Europe and its enduring popularity with foreigners, the city has many international educational facilities. These include the American School of Tangier, the English College of Tangier and the Tangier Anglo Moroccan School.

Lonely Planet has noted that the city perfectly captures the mysticism and romance of Morocco, praising its “hint of spice".

What's more, it added: "Jostling crowds, the piquant tension of debate, space in perpetual motion - the minute you set foot in the country you know you've arrived somewhere very different."

The site yourkeytomorocco.co.uk added that the city has attracted people looking for second homes because of its "narrow passageways teeming with excitement all the way into its port area".

It added that two very popular destinations for people thinking of buying properties are the Avenue Mohamed VI on the beachfront and the Place de France in the Ville Nouvelle.

Finally, the site said that the area around Grand Socco square is popular, explaining: "Mendoubia Gardens in the surrounding area of the square is a calm and cool respite from the crowds of the marketplace."

Pros of Buying Property in Tangiers

Many people have recently tipped Morocco as a good spot for investments and this is particularly true of Tangiers.

Michael Kent, marketing director of Moroccan Sands, explained that people could buy a ''decent villa'' in Morocco for around half the price of equivalent property in the Costa del Sol.
He added: "[Morocco] is very much at an investment stage at the moment - over the next five years I think we are going to see some really exciting projects.

"It's the sleeping giant of Mediterranean tourism really - everybody knows about it and it comes out with very high approval ratings as a destination."

Indeed, the Global Property Guide showed that prices in the country remain very reasonable. Its data suggested that the average price for a home in the country is $1,973 per square metre.

Website theoffplanstore.com suggested that buyers need to make a decision about whether they want a new build property or a more traditional home in Tangiers.

It explained: "If you were attracted to Morocco by its vibrant culture you may simply prefer to plump for a charming riad or dar."

Cons of Buying Property in Tangiers

While many properties in the city do not have the correct title deeds, it is vital these are obtained before a purchase is completed. Without them, a person does not own the house, regardless of how much they paid for the property.

When buying in Tangiers, it is important to employ a notary. Some experts have also suggested that hiring a local solicitor could be useful as they can provide sound independent advice.

What you need to know when buying property in Morocco

Foreigners are generally encouraged to buy property in Morocco and do not typically find it hard to secure a mortgage. There are also no restrictions on selling a home; although a capital gains tax of 20 per cent is usually required.

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4 comments

I totally agree, Morocco is the best place in the sun to invest in property and tourism.
The king Mohamed VI is removing any obstacle for local and international investors.
Morocco real estate and tourism market are not only booming bur reaching the maturity and the prices are 10 times up now.
Morocco is a country where to invest with confidence.

I completely agree with you. Morocco is a great country with a great king. thank you

Hi,
Nice Blog and good information!
Check out this blog: www.propertyinmorocco.eu
Each week an update.

Today Morocco is a promising emerging market and a huge growth in developments to the region is living proof of this. The Moroccan government's commitment to increase the numbers of tourists is a real incentive for developers and investors alike. As the country offers everything from economical apartments to million pound villas, Morocco property investment is attracting all types of investors, from the first time buyer to the more seasoned investor, all of which are keen to tap into this emerging market. Morocco property investment is proving to be very lucrative with prices doubling within a year, and according to property reports, property price growth is set to continue well into next year. Property experts predict growth figures of 40% within the next three years with a rental yield of 10%.