tangier city apartments

Tangier City Apartments, Morocco properties, Tangier properties
Artist Impression

Details for tangier city apartments

Country: Morocco properties, Region: Northern Morocco

Location: Tangier (Location Map)
Type: Apartments, Beds: 2,3
Status: Ready summer 2008
Progress: Last few remaining
Mortgages available: 70% approx
Deposit from: £9,662 (14,106€)
Price from: (14% VAT included in price)
47,017€
£37,158
$67,248
Price (Dh): 521,880 Dh
Request more information on Morocco properties and tangier city apartments Mortgage and other usefull calculators View the printer friendly view for tangier city apartments listing View more tangier city apartments images

Full description

The Tangier city apartments are in a busy residential area of Tangier. Set on 6 floors, the building offers excellent all year round rental potential. Construction of the apartments is at an advanced stage with completion early 2008.

One can arrive at Tangier airport by direct flight from one of a number of airports or alternatively (and considerably cheaper) fly into Malaga or Gibraltar and take the inexpensive ferry (around £40 return) from Algeciras or Tarifa to Tangier. Royal Air Moroc will open it’s airspace to the budget airlines this year. The likes of Easyjet, Ryanair & Monarch are all expected to fly into Tangier - at their usual bargain prices.

Located at the Northern tip of Morocco where Africa and Europe face each other across the Straights of Gibraltar. Just 9 miles from the Costa del Sol at it’s nearest point. At various times during it’s history Tangier has been under Portuguese and Spanish rule - it even belonged to England for a short period in the 1600’s. After the Franco - Spanish Protectorate was established in 1912 the city was granted special status as an International Tax Free zone which lasted until the 1960’s.

During this hedonistic period the city was visited by numerous famous faces of the day: Marlene Dietrich, Errol Flynn, Oscar Wilde, Barbara Hutton, Winston Churchill, Ronnie Kray and Tennessee Williams to name but a few.

Today’s Tangier is enjoying a makeover and public works are evident in many areas. With such a rich and colourful history Tangier is full of character and atmosphere.

The Medina with the Kasbah at its highest point - is a sprawl of winding streets and little shops. Beside the Medina is the Grand Socco where local handicrafts can be purchased at bargain prices.

The sea front close to the port has numerous beach bars including one where £1 buys a beer plus 2 or 3 tapas!!! Eating out in Tangier is a delight. Enjoy Moroccan food at its finest at the El Korjan Restaurant at the Hotel Minzah, Spanish at le Detroit, Italian at La Casa D’ltalia.

A few minutes drive South of Tangier, stretch miles of undeveloped beaches - golden sands set off by the clear blue waters of the Atlantic. Pretty fishing villages such as Asilah and Larache make interesting day trips.

Also on the south side of the city is the Royal Tangier Golf Course and the Club de Tiro - a world class country club whose facilities are open to non-members. There are three restaurants, tennis courts, mini-football pitch plus clay pigeon shooting. Two further Golf Courses are at the planning stage. North of Tangier is the Malabata Casino where every kind of game of chance can be enjoyed in luxurious surroundings.

Morocco offers major benefits from a financial standpoint which makes it a highly attractive prospect for purchasers:

  • Property market booming - average rises of 15% per year and in some cases 30%.
  • Rental occupancy reaching 85% most years.
  • Low property taxes
  • Safe Investment - Notary supervised property registration similar to France/Spain.
  • Full repatriation of funds should you re-sell in the future.
  • Only 20% on any capital gains.
  • New tax benefits expected to be announced in 2007.

Development Features

  • Stunning architecture
  • 5 minutes to the airport
  • City views
  • City centre address
  • Fitted kitchens
  • New sports centre close by
  • 15 minutes to golf
  • Walking distance to the beach
  • Underground parking
  • Close to Tangier train station

Example Payment: 2 bedroom apartment 521,880 Dh (47.230 € @ 11.05 Dh/€ )

To reserve your apartment you will need to pay a HOLDING DEPOSIT of 39,835 Dh ( €3,605 ). Plus a Handling Charge of 750 €
When you receive your contracts approximately 2 weeks later you will need to pay the following:

Agency fees
Balance of deposit 30% approx
Remaining balance by low interest mortgage 70% approx
approx 51,272 Dh (4.640 € )
approx 116,730 Dh (10.395 € )
365,316 Dh (33.061 € )

The remaining balance is payable on completion or by mortgage.
All properties are sold in Dirhams. The euro price is a guide only as exchange rates can vary.
Deposit payments must be made in euros to the designated lawyer.

Extra to purchase price

You will need to budget for an extra 6% in addition to the purchase price to cover Notarial, Property Registration fees and bank charges for arranging the mortgage.

Legalities

We will offer all clients the services of our panel of bilingual lawyers in Morocco who will assist with the completion of the purchase. Services available will include translation of the final purchase contract and accepting Power of Attorney from clients who do not wish to be present in Morocco on completion. The lawyers are specialists in conveyancing of overseas property. Please note that there is no charge for legal services as provided by recommended lawyers. All legal fees are included in the Agency Fees.

Contact Details

Request more info about this property:

 


(Please include country dialing code)


Additional Information

The above technical description has been composed by the developer and the architect with the maximum care. Nevertheless there might be small changes to materials which should not affect the quality of the building. The developer reserves the right to change materials when not available or due to legal regulations. The appearance of the suites, must at all times be maintained in a good state of repair and consistent with the specified standards of the hotel.

This document has no contractual value. Prices are subject to exchange rate fluctuations and prices may be increased without notice.

Due to currency (exchange rate) changes prices might differ slightly. The DIRHAMS (Dh) prices is the correct price for this development and other currencies should be seen as an indication only. Every effort is taken in providing accurate and up to date prices on a daily basis.

This weeks property selection:

Receive our Property Updates

Quick Links

FREE VIEWING TRIPS
View our properties in Morocco, Spain & France
Click here for details

REFER a FRIEND - 1,000 €
Earn up to 1,000 € when you refer a friend
Click here for details

BECOME a PARTNER
Up to 7% commision
Direct from developer
Click here for details