REAL ESTATE FOR SALE (OFF-PLAN) (€ Euro 149,000)
Country House for sale in Fez North Morocco Tangier Morocco

7% net p.a. rental guarantee for nine years
Every house in the Salama Valley resort comes with a 7% per annum net rental guarantee for nine years from the management company. This means house owners receive a guaranteed income equivalent to some €10,000 a year, from which costs have already been deducted. If you take the 70% mortgage option, this income will more than cover your payments – these houses effectively fund themselves after purchase, then when you sell you will enjoy 100% of the property’s capital appreciation.

70% loan-to-value financing
It is rare to get financing in Morocco. However, we have sourced a good mortgage broker, Viva Costa who have relationships with most of the top banks in Morocco. Viva Costa are able to pre-approve investors for mortgages up to 70% loan-to-value, full status financing, with interest rates of just 5.5%. This makes this deal eminently affordable, with down payments of only €45,000 on properties worth €149,000 in a country where cash purchases are commonplace.
And there are no hidden extras; all taxes and fees are included, so aside from the standard 5% notary fee, the purchase price is all you pay.

All units with fine south-facing viewsSalama Valley is located high on a hillside and every single property therefore enjoys breathtaking south-facing views. The site, which we believe to be by far the best in Fez, overlooks green valleys and the medieval, Unesco-protected medina. Due to the hillside position, these views will never be lost and you cannot be overbuilt.

Fully furnished
All houses come fully furnished and that means everything from bedding, lighting, white goods and dining furniture all the way to finishing touches such as glassware and cutlery. The units will be ready for immediate habitation right from day one. All furnishings will be chosen to complement the high-end feel of the resort.

Superb Amenities
The secure community will have a restaurant, bar and a health centre providing 24-hour medical assistance including the services of a doctor and nurse if needed. Each house will also have its own private garden and infinity-style plunge pool.

Numerous Extras
Augmenting an already very exciting deal, the developer is offering a host of extras. Property owners can stay for two weeks in Salama Valley or any of the Gardens of Fedala sites without charge and without losing anything from the rental guarantee. During your stay, you will get free housekeeping for the first three years. Homeowners and their partners also get a free return flight every year for this period. And to ensure a pleasant stay, you will receive a prepaid card of 10,000 dirhams (€900) to spend on any of the site’s facilities.

Transferable guarantees
We believe that onward sale prospects are excellent due to the strong market in Fez. These prospects are further enhanced by the fact that if you sell at any time within nine years, all the above benefits, including rental guarantee, will pass to the new owner.