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Marrakech Riad - Traditional riads in Marrakech

Overseas property - Morocco property

Marrakech Riad - Traditional riads in Marrakech , Morocco
Marrakech Riad - Traditional riads in Marrakech , Morocco
As majority of people are aware, a Riad is a traditional Moroccan house or palace with an interior garden. Over the past few years, there has been a surge in interest in purchasing riads in cities such as Marrakech, Essaouria and Fez, where investors have been snapping renovation projects in these areas from as little as £50,000.

However, most purchasers have little idea about the amount of work involved in restoring these buildings, which can cost almost as much as the riad itself. Couple that with the language barrier, restoring an old Marrakech riad can be a very daunting experience, sometimes taking months and months to complete. Once completed, riads make wonderful second homes and as often the case with larger riads, they are used as hotels or restaurants and make a peaceful break from the hustle and bustle of everyday life.

Investors Provident are pleased to have secured a unique opportunity to purchase and refurbish a number of riads in Marrakech in conjunction with our associates in Morocco. We are offering clients a unique opportunity to purchase a riad from our wide range of properties with a view to sub contracting the renovation work at an agreed and fixed fee.

The legal controls in Morocco are tight and all work is Notarised at a fixed price and time scale. Once completed, investors will have the option to either re-sell the renovated riad on the open market for a profit, or if the investor decides to retain the property for their own use, Investors Provident can manage their property for them.

Marrakech is one of Morocco's most popular cities and it seems that a number of people now want to buy a riad in Marrakech as a holiday home or a permanent residence. Some may wish to let it out and other may only want to use it for themselves for a short break. With a number of low cost airlines now flying to the city, fares are pretty low and it is easy to see the attraction that these beautiful homes have to offer.

If you are interested in purchasing a tradional Marrakech riad in a city that has charm and sophistication and a mix of upmarket hotels, restaurants and nightclubs (not to forget Africa's liveliest main square - the Djemma el-Fna), contact us today for a full investment brochure and an informal discussion.

Key facts

  • Prices From £50,000
  • Unit types Traditional Riads

   

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