01 July 2013

Holiday investors climb aboard the Marrakesh Express

All aboard the train to Marrakesh. So sung Crosby, Stills and Nash in 1969, before cheap flights entered Morocco and made it a hotspot of holiday villas and second homes.

With sales of holiday homes growing by 40 per cent in the second quarter of 2012, Marrakesh is ramping up the development of new holiday homes to cater for the increasing demand.

But while ten years ago, westerners flocked into the bustling medina in central Marrakech, most people are now opting for the peace and quiet of the out-of-town locations.

Developers are targeting areas just outside the capital such as the peaceful Ourika Valley. Here you can build your own holiday property complete with swimming pools, rustic gardens and cool spacious rooms.

With Morocco also becoming a premium golf destination, holiday villas surrounding its many leisure and golf complex are also selling fast, with developers struggling to keep up with demand for new properties.

If you’re looking to snap up a bargain, you may have arrived too late, as prices for holiday villas with pools regularly top £500,000. But if you’re looking for a cool spot in a hot place, Marrakesh is the place.


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