Introduction
There are few places left in Morocco – indeed, in the world – where ordinary investors can afford to buy quality villas right on the beachfront, so when we heard the deal details and saw the waves lapping at the edge of this lovely site near Mirleft, on Morocco’s picturesque Atlantic coast, we knew we’d found what we were looking for.
Where else in the world can you own a beautiful beachside villa that pays for itself? These properties, which are a very healthy 27% under market value, require only 30% down, have AXA-backed security, and 70% LTV mortgages are available through an established Moroccan bank. Each comes with a 7% net rental guarantee that should cover your repayments for nine years; owning one of these villas should pretty much fund itself, while you sit back and enjoy the capital growth – and the sunshine.
Our previous Moroccan developments have been near thriving city locations, bustling Marrakech and historic Fez, but this one is quite a different prospect. Nearby Mirleft is a charming and relaxed fishing village. Its unique microclimate – protected from the desert heat by mountains to one side and cooled by ocean breezes from the other – makes it an exceptionally pleasant place to reside and gives year-round rental potential. Wonderful as it is just to kick back and relax here, there are a number of nearby attractions and it also offers activities including surfing, diving and deep-sea fishing. A gorgeous place to visit or to live, and a beautiful investment in more ways than one.
Already popular with local and foreign visitors, improving infrastructure means this delightful part of Morocco, which is just three-and-a-half hours fly-time from London, is attracting ever increasing international appeal, boosting capital growth, promising great returns, and making this the optimum time in the area’s economic cycle to be getting in.
This is a Gardens of Fedala development, and enjoys their unique benefits of an AXA-backed rental guarantee, making it a safe and highly attractive investment; the last such deal we offered, in Fez, was snapped up in weeks, and we’re sure this one will be just as popular. As well as being a great investment buy, you can stay at your villa for a fortnight’s holiday a year. Properties here have optional private pools and all the usual Gardens of Fedala extras such as an on-site health centre, bar and restaurant, and you even get free return flights for the first three years.
We have secured 80 of the 120 units on this site for exclusive sale to the UK market. They’re being sold on the French market as well, and we expect this great deal sell out very quickly, so get in quick – when they’re gone, they’re gone! So if you’d like to take advantage of this cracking deal and grab an under-market-value beachside villa, in a beautiful, sun-kissed, economically burgeoning corner of Morocco, read on.
Warm regards,
Alise and Jonty Crossick
When a deal looks as good as the Gardens of Fedala, Mirleft, it is sometimes easy to get caught up in the excitement of all the great benefits and extras, and forget the basics. So, as with any property investment, it is important to know that the price of your property reflects well against its true market value. As it’s a relatively undiscovered destination, there are few directly similar developments in Mirleft with which to compare prices; the following table highlights the two most similar:
With an average price of just €998 per m2, Gardens of Fedala, Mirleft villas are on average 27% less than the market average.
This doesn’t account for any of the extras listed on the previous page, nor the fact that all costs associated with ownership – from utility bills to annual property tax – are, in this development, met by the rental management company.
In addition, it’s worth bearing in mind that the current market value of high-end complexes in Marrakech is in the region of €2,200 per m2. Although this is a different market and cannot be considered comparable, it does offer an indication of the prices people are willing to pay for new property in Morocco.
Now is the right time to invest in Mirleft – early in the property cycle while there is growing economic momentum and lots of room for future growth.