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Tangier is in a period of rapid transformation, so much so that some commentators have dubbed the city "the new Dubai" due to the speed of change and financial rewards being enjoyed by property investors. Whilst these comparisons may be slightly exaggerated, there is no denying that the combined influence of the huge new port, the luxury marina, large inward investment and strong political backing are creating conditions in which overseas investors can reap attractive rewards.
Tangier Boulevard is perfectly positioned within the city to benefit from this new influx of wealth. The development is located within easy walking distance of the historic Souk and Medina; it is also close to the new luxury yacht marina and the new commercial districts. Tangier Boulevard is an ideal place to live and enjoy the vibrant new cosmopolitan Tangier lifestyle.
The 400 plus apartments are arranged around a central square so they all have views either to the Mediterranean Sea or over the square and city. There are one, two and three bedroomed units available, including some superb duplex penthouses.
For purchasers interested in a buy-to-let investment, Tangier Boulevard stands apart from many properties in Tangier. Its central location and the fact that the project is guaranteed to be delivered in one phase (June 2010), means that buyers will have a warranted schedule against which to plan their investment needs. Furthermore, Tangier Boulevard is backed by a host of reputable names from the fields of finance and construction.
Tangier Boulevard has been designed to appeal to a wide range of rental clients; from holidaymakers and short-term business lets, to long-term residential and corporate lettings. Residential accommodation of western standard is still in relatively short supply in Tangier and whilst visitor numbers have risen substantially over the last few years (43%), there has hardly been any increase in hotel capacity. (Source: The Moroccan Tourist Authority, 2001-2007)
With the imminent arrival of the low-cost airlines into Tangier International Airport fuelling further growth and prosperity, Tangier looks set to be one of the major Mediterranean investment hotspots for the next decade. Developments such as Tangier Boulevard will give investors in Morocco property the chance to benefit from the ongoing economic expansion.
Completion Date: June 2010
Payment Terms: 20% - 10% - 70% (mortgages available)
One Bed Apartments - Prices From: €87,700 Euros
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