Larionovo, Ireland’s leading
overseas property investment
specialists announced its
second business venture in
Morocco with the release of
apartments
in the Moroccan Mediterranean
resort development of Alkudia
Smir. Prices start at €97,000
for one bedroom apartments,
while two bedroom units are
available from €104,000 and
very large 989 sq.ft 3 beds
start at just €135,000.
Built by Spain’s leading
holiday home developer, Fadesa,
Alkudia Smir features a range
of 4 star quality apartments
in a gated resort boasting a
range of bars, restaurants,
sports facilities, swimming
pools and a spa.
The development is just five
minutes from the famous Marina
Smir. Home to Morocco’s King
Mohammed and the Saudi Royal
Family. The area has
become immensely popular with
wealthy Arab, French, Spanish
and Moroccan families
purchasing its beachside
residences.
Halfway between M'Diq
and the Spanish enclave of
Cueta on a seemingly endless
stretch of unspoiled beach
lies Marina Smir, the most
exclusive tourist region in
the country.
Commenting on the project,
Raymond Norton, Managing
Director for Larionovo said
“Last
October we went to the market
with a hugely successful
development which sold out
quite literally in days
and were surprised by the
enormous level of interest.
We have
been inundated with requests
for more units. This new
release of units is in a
fantastic location within the
development and we expect
it to sell out just as swiftly
as the last.
He went on to say
“ The reason for this
incredible value is that
Morocco is currently in the
midst of an unprecedented
modernising drive. Since
coming to power six years ago
King Mohammed VI has
liberalised his country both
politically and economically,
opening Morocco up to massive
inward foreign investment, and
launching a $12 billion
government investment
programme in tourism and
infrastructure.”
The introduction of an “Open
Skies” policy has further
contributed to an increase in
European tourists through low
cost carriers like EasyJet and
Ryanair. Tourism numbers are
predicted to hit 6.8 million
for 2007, which equates to a
60% increase over the last
three years figures.
For further information please
contact:
info@larionovo.com
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