Sell Marrakech Gueliz Apartment > Apartment for sale - A076

• Reference A076
• DistrictGueliz
• TypeApartment
• land sqm 114 m²
• habitable sqm N.A
• Terrace sqmN.A
• Bedroom(s)2
• Bathroom(s)1
• Nbr of rooms3 Room(s)
• StageN.A
• parking areaOui
• air-conditioningOui
• heatingOui
• terraceOui
• gardenNon
• equiped kitchenOui
• HammamNon
• GardienOui
• swimming-poolNon

· Flats in the building under construction on the Plaza are currently selling between 27000 and 30000 dhs /m2
· Commercialisation started in September 2007. 80% have been already sold. Only a few small flats are lefts in the backside of the building; sold at 27000 dhs / m2
· All the office spaces have been sold in the surroundings to renowned international group - Spanish, French and UK companies among others.
· Great variety of commercial amenities: trendy cafes, bars and restaurants
· As well as internationally known shops, close sporting facilities and a 5000m2 SPA to be opened in the next 6 months that residents of the Plaza will be able to use
· All of this is what makes this location very attractive for both tenants and buy-to-let investors
· No surprisingly, Any real estate agency will tell you that there is a high demand for properties to rent in the Plaza and its surroundings.
· For information, Short let in that area fetches between 1500 to 3000 euros per month
· However, it is currently very difficult to find a flat for sale in Marrakech Plaza.
· Prices have kept moving up steadily (with an average increase of between 10 to 15% every quarter)
· Owners who bought no further than 18 months ago have seen their investment capital grow dramatically (+/- 80%)
· But, it is hard to find any one willing to sell at the actual market price
· Because it is widely expected that the biggest price move is to come when all the facilities will be operational. (big retail names have bought shops to be open within the next 6 to 12 months); (the 5000m2 SPA in the next 6 months); (and offices to be functional progressively)
· It is expected that market prices in the Plaza will reach the 35 to 40,000 dirhams / pm2 by January 2009
· In fact, there are already luxurious apartments valued at 45,000 dirhams /pm2

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