WITH the recent announcement that Ryanair is set to establish several new routes, covering most of the regional airports in Morocco, Irish investors have been looking more closely at this north African destination.
Already the country has a good Irish tourist trade, largely centred around Agadir, but with the new "ight routes due to come onstream, property in the rest of the country has suddenly become a more attractive option for Irish buyers.
New to the Irish market is Kabila, an upmarket coastal development just 4km from Ceuta.
A major 150m "ve-star project, which when completed will comprise 2,189 homes, 1,656 of which will be sold as permanent residential units, Kabila will incorporate a hotel, shops, restaurants, a cinema, sports centre, swimming pools, golf course and other leisure facilities.
Currently selling off-plans, Kabila is just part of Plan Azur Vision 2010, established by the Moroccan government to promote tourism and increase the number of visitors to 10 million per year by 2010. Average temperatures for the year are 190C, allowing for all-year round rental potential, according to selling agent Pat Lyons.
The tourist section of the development at Kabila comprises 354 apartments, and 179 villas.
Two-bed apartments have a floor area of 90sq m (968sq ft) and come with large terraces. The "rst phase is due to be ready in November 2007.
Price two-bed leaseback apartments 90,000 Agent Lyons Properties 068-31219
|