Morocco is already making a name for itself as a new hotspot for the world’s property investors and buyers of second homes. Morocco’s luxurious new property developments are generally accepted to be of the highest standards available and the very competitive prices mean that Morocco offers top quality property in 5 star luxury resorts for a fraction of the price of property compared with similar properties in France, Spain and the rest of Europe
When construction of the many new facilities, luxurious living accommodation, new roads, marinas, trains and ports are completed it is expected that property prices will be far higher than investors can purchase at present. Also the luxury resorts are expected to attract even more tourists, generating excellent rental yields for property owners.
Reasons why Morocco is an intelligent property investment location
Year-round holiday destination - toursim in 2006 rose 30% to create USD 6.4 billion
Morocco investment growth - in 2002 4.4 million tourists rising to 6.4 in 2006
Capital growth predictions - prices are expected to rise and at a rate that will please investors, c. upto 20% pa
Rental yield predictions - the number of tourists is set to grow faster than the amount of available accommodation
Creation of new coastal resorts - 5 on the Atlantic Coast and 1 on the Mediterranean Coast
Open skies policy - allows low cost airlines to service Morocco and create competition lowering fares
Proximity to Europe - 2-3 hours by plane, less than an hour by hydrofoil from Southern Spain
Low cost of living - experience a luxury lifestyle at little expense
Morocco and its Economy - has experienced some excellent growth over the last few years and set to improve if, as expected, Morocco becomes part of the Euro-Med free trade zone
Safe investment - Notary supervised property registration similar to France & Spain
Favourable Taxes - low CGT/zero inheritance tax
Politically stable - and benefiting from its proximity to Europe
Mediterranean climate - over 3.000 hours of sunshine per year
Beautiful sandy beaches - stunning golf courses, spas, tennis clubs, riding clubs, waterskiing, sailing, scuba diving, skiing, surfing, hunting, hiking, camel treks and traditional Moorish culture at its best
Morocco - an exotic destination with extraordinary natural and cultural wealth
Exciting new off-plan opportunities in Morocco