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2 Bed Apartment for sale

Marrakech-Tensift-Al Haouz, Morocco

£145,000 *  [$181,830]

2 Bed Apartment for sale

Marrakech-Tensift-Al Haouz, Morocco

£145,000 *  [$181,830]

Property Details


  • Bedrooms: 2
  • Bathrooms: 1

Features


  • 1st floor apartment.
  • 2 bedrooms both leading to a terrace.
  • Large lounge.
  • Spacious kitchen.
  • Modern bathroom.

Full Description


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.

Map may not show exact location

This property listing (ref: 2 bedroom apartment, Marrakesh, Morocco) is an advertisement supplied by Property Hotspots Global Ltd. and does not constitute property particulars. While aplaceinthesun.com (APITS Ltd.) requests all advertisers supply correct details, it does not carry out checks on the information supplied and cannot be held responsible for any inaccuracies. Aplaceinthesun.com recommends seeking independent legal advice prior to any overseas property purchase.
*Based on an exchange rate of 0.8557 from Euro to GBP. This rate is updated daily and is an indicative market rate supplied by A Place in the Sun Currency. Actual trading rates vary.