Investing in Moroccan Property
Investing in Moroccan Property
- Opportune time to invest - property prices lower than similar European resorts.
- Favourable tax laws for foreign investors - no property tax for five years and low capital gains tax.
- Property system is similar to that of the UK and Ireland with freehold and leasehold properties.
- Mortgages are available with 60-70 % being the standard amount borrowed.
- Secure investment - government backed resorts.
- Increase in tourism will lead to excellent rental opportunities in the future - properties are ideal for holiday makers and keen golfers.
- Coastal property is on course for a period of unprecedented prosperity - the number of British tourists increased by 18% between 2004 and 2005 alone.
Why Morocco?
Lifestyle
- Low cost of living - luxury lifestyle for less.
- Year round sunshine -an ideal winter sun destination.
- Climate and sea conditions perfect for water sports.
- Unique culture and history close to Europe yet the gateway to Africa - an entirely different culture and landscape.
- French, Spanish, English and of course Arabic widely spoken.
- Beautiful sandy beaches.
- Close to the Costa del Sol - 30 minutes by hydrofoil to Tangiers from Tarifa & Algeciras.
Stable, forward thinking government
- Huge investment in tourism - objective to increase visitors to 10 million by 2010 and provide first class infrastructure and facilities.
- Moroccan government has signed 'Open Skies' agreement with the EU to allow European airlines to operate at Moroccan airports without restrictions.
- Low cost airlines such as Easyjet, Thomsonfly and Ryanair have announced new Morocco routes.
- Since the arrival of low cost airlines, Morocco has gained in popularity amongst tourists and ranks among the top destinations for 2009.
