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Morocco Information

Capital of Morocco: Rabat
Surface area of Morocco: 720,000 km2
Moroccan Population: 32,805,000 inhabitants
Languages Spoken in Morocco: Arabic Berber, French, Spanish
GDP/per capita (dollars): 4.200 US $
Religion: Islam (98.7 % Muslims)

The Kingdom of Morocco is at the farthest west point of the Arab world and North Africa just under the Strait of Gibraltar. Morocco is strategically located with both Atlantic and Mediterranean coastlines, and a rugged mountainous interior.

Morocco was a French protectorate from 1912 to 1956, when Sultan Mohammed became king. He was succeeded in 1961 by his son, Hassan II and then in 1999 he was succeeded by his son King Mohammed VI.

Morocco's capital city is Rabat. Other major cities in Morocco are Marrakesh and Fes as well as the ports of Casablanca and Tangier.

Increasing Interest in Morocco
According to Times online (a UK based online newspaper), Morocco is the fastest growing destination for holidaymakers who buy flights through lastminute.com. Airlines have been engaged in an aggressive fares war because of the record number of flights, with London-Marrakesh fares dropping as little as £27 (€38 or $48) return including taxes and charges.

Magreb Arabe Presse has reported that during summer 2006 flight bookings to Marrakesh leapt 295% year-on-year, maintained by the increased number of flights operating between UK and Morocco.
The other popular Moroccan destination is Tangier, which is the fifth fastest growing destination with bookings of up to 132% year-on-year.

  Morocco property -Evening in Morocco, Moroccan Property, Property in Morocco

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Why Buy Direct From Developers?

There seems to be a growing trend for consumers to buy property direct from developers world wide. The concept is that by purchasing direct from developers the buyer will be able to get a great discount. In some cases it could be true that buying direct from developers a buyer can purchase a discount, especially if he is buying multiple units as an investment. Buying direct from developers is definitely not a bad option to explore also in Morocco.

Although a word of caution here is that if you already have an estate agent that you have confidence in then buying direct from developers could be beneficial if you get the right property developer, but if a buyer goes direct from developers without knowing the developers then it might not be a good idea. So once again use common sense in Morocco or world wide when you are purchasing direct from developers make sure that you get references from other buyers or from a reputable agency that you know and trust. These are just some basic ideas that I want to share with our clients, our company might not profit as much, but in the long run we want to establish trust with our clients even if they go direct from developers to make their purchases.

Written by Thomas Spyker  July 13, 2007

 

 

Morocco Property - Colourful people in Morocco, Moroccan Property

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PEOPLE
The people of Morocco have a rich diversity and unique cultural blended from Arab, Berber, European and African influences.

Moroccans are some of the most generous hospitable people in the world. It's not uncommon to get invited to dinner upon meeting and chatting with a Moroccan for only ten minutes and if you are honored with such an opportunity you will be treated to an experience you will never forget.

Typical Moroccan meals for guests are two to three courses that extend over several hours of lively conversation. Mint Tea is an integral part of Moroccan hospitality and daily life that you are almost sure to experience.

The official languagein Morocco is Arabic and various Berber dialects are spoken.

French is widely spoken in business, government and academic circles and Spanish is also spoken in the north.

English is also widely used in hotels, restaurants and cafes where there are a larger number of tourists.


ECONOMY
Morocco has a free market economy that has grown by an average of 4% a year since 1983. The government has adopted a proactive privatization creating opportunities in the telecommunication, utilities and automotive sectors.

There is a free trade zone at the port and airport of Tangier and merchandise entering these zones is exempt from customs, fiscal and exchange control

There is also a small but active stock exchange in Casablanca. (http://www.casablanca-bourse.com/)

Morocco’s exports include fish, citrus fruits, energy, finished products, phosphates phosphoric acid and raw materials. Other key areas of the economy are tourism, agriculture, fishing and forestry

LOCAL CURRENCY
The unit of currency in Morocco is the Dirham (DH), which is divided into 100 centimes. Business visitors are advised to consult their banks for the current rate of exchange. No import of dirhams is allowed. Overseas visitors need to change their currency into dirhams locally.

The Moroccan Central Bank (Bank Al Maghrib) fixes the value of the Dirham using a basket of currencies including the Euro, Dollar and Yen. The Dirham is not yet fully convertible.


Paradise Golf & Beach
Morocco Real Estate - Pool View 1
Apartment for Sale in Tangier
72,615

 
Colina Smir
Morocco Real Estate - Terrace View
Apartment for Sale in M'diq
69,990

 
Aglou Villas
Morocco Real Estate - Facade of Algou Villa
Villa for Sale in MOROCCO
306,000

 
 
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