From £34,000 1 bedroom apartment for sale Tangier-Tetouan, Tanger

Montag Real Estate is pleased to present to you our development in Tangier, Morocco - MONTAG MEDITERRANEAN TOWERS

Montag Mediterranean Towers are located in the city of Tangier, Morocco. Tangier is the gateway to Africa, located at the northern tip of Morocco across the Straits of Gibraltar from Spain, where the Mediterranean and the Atlantic meet. The Atlantic beaches west of Tangier, where mountains drop straight to the sea, are wide and clean with all necessary amenities for beachgoers. The medina or city center of Tangier bustles with activity, and it residential areas boast an array of lovely homes with distinctive painted doors, decorative iron gate work and flourishing, well-cultivated rose gardens. Tangier is Morocco's second most important industrial center after Casablanca. Tangier's economy relies heavily on tourism. Real estate and construction companies have been investing heavily in tourist infrastructures. A bay delimiting the city center extends for more than seven kilometers.

Often referred as ‘the crossroads of civilization’, Tangiers is a highly cosmopolitan city. At the moment Tangiers is enjoying a makeover and there is a lot of construction work all over the city. It is a busy port and trade centre and its industries include fishing, textiles carpets and tourism. so much so that some analysts have dubbed the city "the new Dubai" due to the pace of change and financial rewards being achieved by property investors. Whilst these comparisons may be somewhat overblown, there's no denying that the combined influence of the massive new port, the luxury marina, the commercial investment and strong political backing are creating conditions in which investors can prosper. The years 2009 will be particularly important for the city because of the completion of large construction projects currently being built. These include the Tangier-Mediterranean port and its industrial parks, a 45,000-seat sports stadium, an expanded business district, and a renovated tourist infrastructure. New developments include a new terminal at the airport, a football stadium seating 69,000 spectators, a high-speed train, and a business district called Tangier City Center.


The Montag Mediterranean Towers are 100% freehold luxury residential apartments consisting of 1 and 2 Bedroom flats, the spaciously built luxury apartments are available in different sizes. Each 1 and 2 bedroom apartment combines luxurious comfort with high quality construction, design, layout and finishing. We offer our selective clientele a framework of optimum comfort and a lifestyle of the highest standards.


Montag Mediterranean Towers - TANGIER

Construction Stage: 75 % Completed
Expected End Date: November 2009
No. of Floors: G+4 & G+7
Facilities: Concierge, shops and services
Price: Starting from £ 34,000 – 1bedroom/2 Bedroom
Bank Finance 50% for 25 years at 5%
Payment Plan 25%-Immediate,25% after 3 months,50%completion(Bank finance )
Rental Yield 10% (approx) every year*
Property Appreciation 20-30%*

*MONTAG estate Ltd does not guarantee or holds any responsibility on rental returns and property appreciation, the figures have been printed on research and information available through local market