In a quiet Derb close to the Mouassine Fountain and all the wonderful attractions of the great souks, lies this charming Riad For Sale Marrakech – Mouassine. It is a beautiful Riad To Renovate, with over 150m2 footprint and space to develop good size en suites. The asking price is a tentative 2.4m dirhams (E222k £192K) with plenty of room for discussion.
Real charm and authenticity
There are two entrances to this old family Riad. The main entrance takes you into the shady and colonnaded patio courtyard, with it’s orange trees and it’s central fountain. Note the old woodwork throughout, including old doors. The walls on the ground floor are nearly a metre thick, providing robust stability as well as cool Summer temperatures.
A snug and cosy Riad to Renovate in a beautiful part of the Medina
Around the patio are set two traditional Salons and a little room, as well as the second entrance hall. The first floor is currently configured on two side of the patio. On one side there is a little “appartment” with two small rooms, one bedroom and another room giving access to one of the terraces. On the other side you will find two further rooms and access to the second terrace.
This Riad For Sale Marrakech – Mouassine – would be perfect as your family holiday home and would be easy to rent out once restored. So call me now on 00212658025028 or mail colin@BosworthPropertyMarrakech.com to arrange a viewing.
Some lovely original features to conserve
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This utterly Unique Investment Opportunity Marrakech Medina is an ancient Riad right on the Dar El Bacha High Street. 380m2 footprint of massive strategic importance. It is the last great development opportunity in Dar El Bacha and will sell for just 9.5m dirhams (E889K £765K). There is nothing else like it in the Medina. Perfect location for a luxury hotel. Backs onto the Bulgari Riad. Neighbours include Dar Donab Palace Hotel. Serious investors only.
A+ location for this development opportunity. The Bulgari Riad is right next door.
New on the market and priced for a quick sale, this astonishing property belonged to the Caid of Essaouira. He imported the stone from the coastal town in the 18th Century to build his palace in the very best part of the Medina. A stone’s throw from the Royal Palace and right on the main Dar El Bacha street. The remaining patio is a stunning testimony to refined taste and great political influence.
The Essaouira stone arcades are truly remarkable
This Unique Investment Opportunity Marrakech Medina is a once in a lifetime chance for the serious investor to make a statement in Dar El Bacha. As a luxury hotel development, an upmarket restaurant, a luxury Spa … or as a private palace. There is no better address in Marrakech. The Marrakchi family that owns this Riad is selling for personal reasons. Don’t let this one get away.
This gorgeous property is ripe for development.
Don’t hesitate. Call me now on 00212658025028 or mail colin@BosworthPropertyMarrakech.com to arrange an immediate viewing. It is your chance to acquire premium real estate in Marrakech Medina.
There are plenty of original features to conserve. This is the original entrance hall with it’s high ceilingA fabulous and strategically located property
Bosworth Property Marrakech gets you straight to the best properties in the Medina at local prices. We are your trusted Medina specialists. Owners trust us. Buyers recommend us. Our client focussed approach and customer care make us the number one Marrakech Medina real estate consultant.
Getting a mortgage to finance your Real Estate Investment in Morocco is remarkably accessible, whether you are a resident or not. The Government is making real efforts to open the Real Estate market to foreigners and one way they are doing this is by facilitating Mortgages, and finance more generally.
This article will focus on the market here in Marrakech where I live and work. However, the same basic rules and conditions apply throughout the Kingdom. Finance Real Estate Morocco.
As a non-resident, you might be considering the purchase of a holiday home or a buy to let property. You might also just be looking to get into the Marrakech Real Estate market as an investor. Now is definitely the time to buy as we are seeing the first upward price pressure in a decade http://www.prweb.com/releases/2017/02/prweb14072921.htm Whatever your motivation for financing your investment here in the Red City, this article will put you on the right track to a quick and easy mortgage.
Mortgages are even available on Riads To Renovate
Most commercial banks in Marrakech offer mortgages to non-resident foreigners. You can either go straight to a branch and discuss with the bank manager or you can go through a mortgage broker. Conditions are broadly similar across the big banks. I tend to recommend the BMCE Bank as they are very experienced in dealing with foreign investment. In any case, you will need to open a Convertible Dirham account with the bank you decide to work with. Here are the BMCE Bank conditions for non-resident mortgages: http://www.bmcebank.ma/front.aspx?SectionId=928 Other good banks providing mortgages in Marrakech include the CIH Bank in Bab Doukalla, the Banque Populaire and the Attijariwafa Bank. The French bank Credit Agricole also does a good package.
My experience shows me that there is a great deal of flexibility in these outlined conditions, notably concerning the amount to put down as a deposit. A non-resident client recently obtained a 70% mortgage on a Riad in Marrakech Medina, way above the stated 50% available in the conditions. Much will depend on your proven income in your country of residence.
It is also noteworthy that banks will only lend against titled property – that is a property that is registered with the Land Registry (Conservation Fonciere). Also, if you are looking to renovate a property with the finance obtained, the amount lent will depend on the current value of the property and not it’s finished worth.
If you want to shop around for the best conditions, it could be wise to go through a local mortgage broker. CAFPI Maroc are experienced and successful brokers in Marrakech. Ask for Mr Saad Chraibi and mention Bosworth Property to get prompt and efficient service.
Now is the time to buy in this thriving tourist destination. Sunshine and exoticism in a stable beautiful country just 3 hours from London.
If you are a resident here in Morocco mortgage conditions are also very accessible. Once again, just drop into your bank and ask the branch director. Or go through a registered broker.
Interest rates on mortgages are coming down, though still relatively expensive compared to Europe. The BMCE is currently offering 4.5% pa, Banque Populaire is probably the cheapest at around 4.1% pa. The Government has promised to align Moroccan interest rates with those in Europe by 2025, so it might be prudent not to fix your rate for too long a period. Go with flexi rates if you can.
Mortgages are typically accorded for between 5 and 25 years. There is an upper age limit of 70 years on repayment, however. Obtaining your cash for your property purchase through a mortgage will typically take between 1 and 3 months. So plan ahead. If you have your eye on a property, get a promise of sale signed and then get to work on your finance.
To resume, getting a mortgage in Morocco is a relatively simple affair. All the big banks offer packages to non-resident foreigners for the purchase of titled property. Deposits are generally between 30 and 50%. Interest rates are in the mid 4% range. The whole process can take between 1 and 3 months, depending on your bank or broker.
Remember to click on the banner just below here to get your copy of my Free Guide to investing in Marrakech. It’s full of really useful information for the first time buyer and for the seasoned investor. Thank you!
This Riad For Sale Marrakech Perfect Location is exclusive to Bosworth Property! 128m2 titled footprint in Riad Zitoune Lkhdim right by the iconic Jemaa El Fna square. Riad to renovate. New on the market at only 1.5m dirhams (E139k £119k). Great business opportunity!
Columns in the patio courtyard
Located less than 300 yards from Jemaa El Fna, in one of the absolute best quarters of Marrakech Medina, this old Riad For Sale Marrakech Perfect Location couldn’t be better situated. The house was built circa 1780 and will probably have to come down. Some of the old brick walls could be restored and some of the wrought iron features and old doors could be recovered.
The current terrace
Interestingly, there is the possibility to build a ground floor and two additional stories, given that the neighbours have built up around this Riad. Adjacent properties are mostly traditional hotels and boutique guesthouses in this much sought after location. After renovation this Riad could become a five or even six en suite property with a generous patio courtyard and panoramic terraces. It would offer at least 300m2 of living space!
Existing external windows are a positive planning element for a renovation
You could estimate the cost of getting this Riad up to spec and qualified as a Guesthouse at a further 1.25m dirhams – so for just 2.75m dirhams you could have a fabulous Riad boutique hotel in the perfect location. That is excellent business. Bosworth Property Marrakech gets you straight to the hottest properties in the Medina. Our ever expanding local network means that we can offer you amazing Riads at rock bottom prices. Don’t let this opportunity pass you by!
Fantastic Business Opportunity Marrakech Medina
Call me now on 00212658025028 or mail colin@BosworthPropertyMarrakech.com to arrange a viewing. This Riad For Sale Marrakech Perfect Location is priced to sell. And remember to click on the banner below to get your free guide to investing in this fabulous location. Thank you!
This lovely Riad For Sale in Marrakech Medina is a fabulous rental opportunity. 145m2 titled footprint. Car access to within yards of the front door. 3 en suite bedrooms. Big pool with jacuzzi. Lovely sunlit terrace. Modern, equipped kitchen. Close to the golf courses whilst having all the charm of the old City. It could be yours for just 1.75m dirhams (E163k £141k). Brilliant business.
The entrance hall leads you into the very cool patio courtyard where you will find the pool and a Bhou summer seating area. Around the patio are set a very nice little dining room and a sitting room with it’s working fireplace. There is even a little sauna fitted at one end of the sitting room. There is also a big, modern kitchen.
A bright and modern kitchen
On the first floor, this Riad For Sale in Marrakech Medina boasts three en suite bedrooms and a washing room. All the rooms are comfortable and well appointed. There is air conditioning in all the bedrooms.
The bedrooms are comfortable and well equipped
The sun-drenched terrace boasts an electric roof, providing shade in the Summer and warmth on those chilly Winter evenings. There are great areas for getting that sun tan. There is also a pergola for relaxing with an evening drink.
Charming terrace with a view over the Palm Grove
So call me now on 00212658025028 or mail colin@BosworthPropertyMarrakech.com to arrange a viewing of this Riad For Sale in Marrakech Medina.
Some great design features in this RiadA thoroughly successful renovation with quality everywhere
And remember to click on the link just below to get your copy of my Free Guide to Investing in Marrakech. It’s packed full of useful information on buying property in this fabulous location. Thank you!
This Astonishing Ancient Riad For Sale Marrakech is a part of the architectural heritage of this great city. It is a rambling building with some stunning original features, including a very rare Reception Salon and a gorgeous master suite. It’s in the highly sought after Ksour district, just a stones throw from the main square – Jemaa El Fna. It could be yours for the ridiculously low price of just 5.5m dirhams (E515k £450k). Don’t let this one get away!
The beautiful Reception Salon – very rare to find
The Riad has two patio courtyards and a little pool. The main entrance winds it’s way to the principle courtyard. Set around the courtyard with it’s original Khoka doors you will find a beautiful bureau, a big kitchen, a visitors loo and a lovely traversant double salon. Going through the double salon you arrive in the smaller second courtyard with a little pool. A second entrance to the Riad is found behind this patio. There is also a little ground floor en suite bedroom.
The views from the sun-drenched multi-levelled terrace are truly iconic. The Kotoubia Mosque and the Atlas Mountains
On the first floor of this Ancient Riad For Sale Marrakech, accessed by two staircases, you will find the wonderful Reception Salon, the incredible Master Suite (a part of which you can see in the main photo at the top of this piece) and two further en suite bedrooms. One of these is a duplex.
Rare and beautiful detailing in this cedar wood cupola in the Master Suite
The terrace is on three levels with panoramic views over the Kotoubia, the Medina rooftops and the High Atlas Mountains. There’s a lovely cupola for breakfasts.
Original Khoka doors in the somewhat overgrown main patio courtyard
There are noble materials everywhere you look – historical Zellige tiling, marble, tadelakt chalk plaster, hand painted cedar wood ceilings and cupolas, beautiful old doors, original hand carved plasterwork … The Ancient Riad For Sale Marrakech needs a little work, although it’s perfectly fine to live in right away. The courtyards need a tidy up and some of the paintwork could do with a refresh. At the asking price, this is a real beauty.
One of the bathrooms
So call me now on 00212658025028 or mail colin@BosworthPropertyMarrakech.com to arrange a viewing. And remember to click on the link just below here to obtain your copy of my Free Guide to Investing in Marrakech. Thank you!
Market Analysis Marrakech Medina 2016 and Forecast for Medina Real Estate in 2017. Exclusive and original content. Only from Bosworth Property Marrakech, your trusted Medina specialist.
The Marrakech Medina real estate market was resilient for the first three quarters of 2016 and showed modest growth in the fourth quarter. Growth remained very location specific, with the traditionally strong districts doing well. We note a surge of interest for the Riad Laarous district and strong demand in Dar El Bacha, Ksour and Mouassine. The usually bouyant Bab Doukalla and Kasbah areas have remained flat. There is increased interest in the South of the Sidi Ben Slimane area around Bab Taghzout. The periphery remains depressed.
The word is getting out – Morocco (and Marrakech in particular) is a safe and growing location. Far from the troubles that have affected other parts of the Arabic speaking world, Marrakech offers investors a haven from the political turmoil in Europe and the US. English speaking demand is driving the real estate market up. Whilst the majority of property owners are still French, there is a clear tendency towards a new demographic, with northern European and North American buyers dominating. Interest from China is making itself felt for the first time with cash rich buyers scouting.
Growth in tourism is fuelling increased Real Estate demand
Marrakech continues to grow as a major international tourist destination. With increased numbers of casual visitors, the Medina real estate market has benefitted accordingly. The new Marrakech city centre airport Terminal is a strong signal. Only ten minutes from the ancient Medina, it puts London and Geneva just three hours away. The very successful United Nations Climate Change Conference, COP22, was held in Marrakech in November and produced a noted spike in Real Estate interest. The investment in parks and public spaces has given Marrakech new energy.
Following the 2008 Euro crisis and the 2011 Arab Spring, the Riad market had been frankly depressed, with prices 45% below the highs of the speculative bubble of 2007. The French divestment continues to this day, meaning that the market remains resolutely in the hands of buyers. There are still bargains to be had. However, the fourth quarter of 2016 was so strong as to send a clear message to investors.
Rare historical Riads owned by the French are being sold to the new demographic
Buying trends in 2016 were relatively clear. Investors were buying Riad guesthouses in good areas. And families were buying holiday homes and rental properties. Historic Riads were at a premium and will remain so. International buyers have understood that property is affordable, finance is easy and returns are generous.
It’s still too early to call a clear trend for 2017. However, all the signs are positive. The socio-political context is conducive to market growth. Marrakech as a destination is expanding rapidly. Riad prices have stabilised over the last couple of years and are now showing signs of upward pressure. Brexit and a US administration under Mr Trump may force inward investment. If Chinese interest becomes concrete it will change the game. My forecast for the coming year is bullish. If you’re selling … hang on. If you’re buying … get in now.
There is something for everyone in Marrakech – from a luxury Riad to a family home
Please don’t hesitate to contact me for a personal chat. I love discussing Marrakech Medina. I live and work in the old city and it is a fascinating place. You can call me on 00212658025028 or mail me colin@bosworthpropertymarrakech.com – there is no engagement and I am always happy to share my intimate knowledge of this growing market with interested people. And remember to click on the link just below here to get your copy of my Free Guide to investing in this amazing destination.
A truly Sublime Riad For Sale Marrakech – it’s got everything for the lover of Mauresque architecture. 5 generous en suite bedrooms. A beautiful patio courtyard with a pool. Original antique fittings throughout. There is car parking at the front door. Titled 230m2 footprint – and it could be yours for just 4.36m dirhams (E399K £345k). Brilliant business for whoever gets it.
The Riad has a traditional chicaned entrance hall leading to the wonderful patio courtyard with it’s mature gardens. Notice the top quality Bejmat tiling. You’ll be impressed by the harmony and zen feeling in this lovingly restored property. There is cedar wood and tadelakt everywhere, in a sober and refined space. Around the courtyard you will find the well equipped kitchen, a spacious and elegant Bhou summer salon and two en suite bedrooms. The bathrooms are beautifully done. In fact, the whole house oozes class.
The first floor has a very sweet Gallery and three further en suite bedrooms. The whole is bright and joyful, whilst maintaining intimacy and discretion. The use of noble materials throughout this Sublime Riad For Sale Marrakech brings a cozy yet vibrant feel to the property.
There is also the most wonderful Douiria sitting room with it’s spectacular open fireplace.
The terrace is big at over 180m2 and has spectacular views over the historical monuments of the old Medina. There is a shady pergola for breakfasts and great sunning areas.
This is very successful restoration, overseen by one of the top architects in Marrakech. The antique doors and objets d’art round off a fantastic property. The Riad is sold furnished. It’s at a very good price and you should view.
The well equipped kitchen is big for a traditional Riad
So call me now on 00212658025028 or mail colin@BosworthPropertyMarrakech.com to arrange a viewing of this Sublime Riad For Sale Marrakech.
Quite simply, a beautiful Riad
And remember to click on the link below to obtain your copy of my Free Guide to investing in Marrakech. It’s packed full of useful information to facilitate your investment in this amazing destination. Thank you.
This is an investors dream property. Just 92m2 footprint yet chock a block of quality throughout. Titled. In Kennaria, an absolutely top location. Yours for just 1.99m dirhams (E184K £157K). Really good value investment. Buy it!
This Riad is in fantastic condition and is in the part of the Medina you want to be in. Kennaria. Very close to Jemaa El Fna, the great souks and all the beauty of Marrakech.
This is your perfect 4 bedroom Riad in the Medina
Tastefully renovated throughout, using loads of Tadelakt and Bijmat, this Riad has enormous potential. On the ground floor you have an entrance hall leading into a funky and bright patio courtyard with it’s fountain. Around the courtyard you will find a good kitchen, one en suite bedroom and a charming sitting room. There is also a visitors loo.
That’s not all. This stunning Riad For Sale Marrakech boasts two further en suites on the first floor. There’s also a summer seating area, storage space and another loo. The house feels big and light. A really successful renovation. On the lovely terrace is yet another en suite. The views from the sunning areas on the terrace are superb.
All the rooms are bright and have generous dimensions
This recently renovated Riad For Sale Marrakech is a superb investment opportunity. Brought to you exclusively by Bosworth Property. We really do find great properties for you at local prices.
Wide and sunny terrace for your aperitif
Call me now on 00212658025028 or mail colin@BosworthPropertyMarrakech.com to arrange a viewing of this incredible investment opportunity. Family holiday home? Rental investment? This works!
Great details, like this vintage wrought iron work
Remember to click on the banner under here to get your Free Copy of my Guide to Investing in Marrakech. Years of experience given to you for free. You’ll also get regular updates about this fantastic investment location. Priceless! And if you’ve read this far, thank you. I am absolutely at your service here in Marrakech.
