Morocco features a wonderfully diverse natural landscape that has attracted people for hundreds of years. Visitors discover the splendours of its magnificent shoreline, with sandy beaches along the Atlantic and Mediterranean coasts. They are drawn to the lush farmlands of the ancient imperial cities of Meknès and Fès, the seemingly unending expanse of yellow desert, the soaring peaks of the Atlas Mountains framing the magical palm-covered oasis in Marrakech.Morocco is serious about tourism as the country’s primary export for the future.
- Huge investment of infrastructure backed by King Mohammed VI, with projected annual tourism increase from 2.2 million in 2001 to 10 million in 2010
- Under “Vision 2010”, the Moroccan Government has guaranteed to provide the necessary infrastructure to connect coastal resorts with the rest of the country and Europe by constructing 1,000 kilometres of new roads, increasing internal and international flights and developing new regional airports
- Country is rich in culture, history and natural beauty, offering something for everyone
- Booming property market, with realistic chance of 15% per annum annual gains
- Property prices 50% less than other European resorts
- Rental occupancy of 85% in peak season
- Low cost of living – experience a luxury lifestyle at little expense
- Open Skies policy signed in December 2005, allowing low cost airlines to service Morocco and create competition, therefore lowering the cost of airfares
- Good transport links with the UK, including new routes for Ryan Air and EasyJet
- Excellent Mediterranean climate, with 320 days sunshine per annum
- Only three hours flying from the UK
- English, French and Spanish widely spoken, as well as traditional Arabic
- Familiar investment regime, with notary supervised registration similar to France and Spain
- Flexible mortgage packages available
- Double tax treaty between the UK and Morocco
- Capital gains tax of just 20%
- Easy repatriation of investment proceeds
- 0% inheritance tax to family
- No annual property tax for the first 5 years
The success of the King’s Vision 2010 programme and an Open Skies policy in Morocco (3 hour flight from UK) has created a tourist demand for suitable accommodation with 5 star facilities - and hence a huge demand for new properties.
The expansion, therefore, in tourism and also importantly the current low cost of land, labour etc (compared in particular to Spain and Portugal) has resulted in Morocco becoming an emerging market for property investment.
Let us consider the capital investment offered by this unique off-plan project after allowing for the 15% Founder Member Discount.
Please download the pdf below for the full artical.
Browse > countries / morocco