Anticipated rental income 8-9% per annum
Expected annual capital gains of 15%- 30% Per
annum
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Mortgages of up to 70% available
So close to Spain yet a world apart, developers and investors
are falling under the spell of Morocco’s exotic culture, glorious
beaches, fantastic weather and convenient proximity to Europe.
With even King Mohammed VI backing a drive to bring in the
foreign punters, Morocco is fi ring on all cylinders. Just the fact
that you’re reading this page suggests you already know that
Morocco is probably the single best place to invest in property
at the moment. No investment today offers the stability and
simplicity coupled with the excellent return offered by investing
in property.
Investing in Property is now the wise investor’s weapon of choice. No other
investment allows you to purchase with other peoples’ money (the bank)
and then pay this back with other peoples’ money (the rental income from
tenants). If you own property you can release equity against this, although
there is no law that states that your property will increase in value year on
year, it is accepted that a well maintained property in a reasonable area
will appreciate in value. 50% of individuals mentioned on “The Times
Rich List” made their money through investing in property. A property
worth just €4,000 30 years ago would be today worth around €225,000.
Buying specifi cally for investment allows you to remove the emotion on
your purchase and look at the property as an investment vehicle. This might
mean utilising a re-assignable contract option and selling at a substantial
profi t prior to completion or taking the buy-to-let situation and generating a
reliable rental income as well as substantial capital appreciation.
Why invest in property in Morocco?
Morocco is a currently a unique location for property investors and offers
the opportunity to purchase property early in an emerging market at prices
very favorable to most other destinations. What is unique about the property
market in Morocco is the sense of security for investors: with tourism already
improving at a fast rate and buy-to-let investors reporting 85% occupancy
rates during the high season, Morocco offers a safe arena in which to
purchase property. The Moroccan King Mohammed VI and the UAE have
allocated huge investment to drastically increasing tourism further, with a
goal of 10 million per year by 2010. This investment along with the creation
of several tax advantages also helps investors to feel comfortable in investing
in property in Morocco.
Reasons Why Morocco
Is An Intelligent Property Investment Location Huge project (Vision 2010)
to increase tourism backed by King Mohammed and the UAE. The aims are
to improve infrastructure and increase tourism by 10m visitors per year.
Increased tourism generated by the Vision 2010 project will create huge
requirement for rental accommodation. New roads, marinas, trains, 5 star
resorts, shopping malls, beach clubs to be developed through Vision 2010
project. Safe investment – notary supervised property registration similar
to France and Spain Morocco is a free market economy and allows free
movement of money. Stunning golf courses, tennis clubs, riding clubs,
water skiing, sailing, scuba diving, hunting, hiking, camel treks, culture
Mediterranean climate – hot, dry summers and mild winters French,
Spanish & English widely spoken as well as traditional Arabic Site Seeing
– from bustling Medinas and ancient cities to snow capped mountains or
golden beaches Easily accessible (Tangiers) via helicopter, ferry, fast train or
regular budget fl ights. “Open Skies” policy activated on 1st Jan 2006 will
allow low cost airlines to service Morocco and create competition, which
will lower fares. Costa del Sol is just 30 minutes away by hydrofoil from
Tangiers Experience Moorish culture at its best You can research further into
Morocco as a property investment from our Morocco Investment Research
section.
As a lifestyle choice, buying a property in Morocco may be the best move
you’ll ever make. All those classic reasons for purchasing abroad still exist
in Morocco – 300 days of sunshine each year, fabulous unspoiled beaches
and a relaxed dreamy lifestyle all for a fraction of the cost of the usual
destinations.
Here are some facts about Morocco:
Morocco was a protectorate of France between 1912 and 1956
Mohammed VI is Morocco’s young, progressive King
The capital city is Rabat
Other major cities are Casablanca, Marrakech, Fes and the free port
of Tangier
The official language is Arabic
English, French & Spanish are widely spoken in northern coastal
regions
Morocco’s currency is the Dirham (MAD)
Ranked as the fi fth largest economic power in Africa Morocco is a fascinating
country where ancient customs co-exist alongside modern, cosmopolitan
attitudes. Famous for its cultural cities as well as its internationally
recognised coastal resorts, Morocco caters for travelers and holiday makers
alike. Morocco offers a unique opportunity for property investors to get
involved early in what many are predicting will be exciting and profi table
times ahead.
With considerable investment going into developing the
infrastructure, the Moroccan property market is currently
an excellent choice for investors to get involved in. There
is also a large variety in the kind of property available on
the Moroccan real estate market. Whether you are looking
to invest in a tourist resort, in a rental unit or a business
there are hundreds of viable options. So, if you are looking
to invest in foreign real estate and you are looking for a
luxury vehicle for your money, then Morocco property is defi nitely worth a look.
Most opportunities for foreign buyers lie currently in off-plan
property on new developments. Apartments and villas are selling
for less than equivalents in Spain and as tourism develops, owners
should be able to benefi t from a strong rental market.
Key Facts:
Population: 33,241,000
Capital: Rabat
Approx. exchange rate: £1 = 16.2MAD
Visas: After 90 days only
Time difference: GMT
Flight time from UK: 3 hours
Major airports: Agadir, Casablanca, Fes,
Marrakech, Oujda, Rabat, Tangier
