INVEST - Morocco
Morocco is believed to be one of the best options available to you for real estate investment today. Property can be purchased in Morocco for a great deal less than in most other destinations and has the added benefit of having an already established and rapidly growing "buy to let" demand. Capital growth is expected to be considerable with estimates of between 15% and 30% being very common.
Investment property in Morocco is becoming increasingly popular with international property purchasers because it offers a unique investment opportunity with outstanding capital growth prospects in the region of 15- 30% (Homes Overseas Magazine 30%). This capital growth is expected to continue and a huge budget (7 – 10 billion euros) has been allocated to increase tourism by 10m visitors per year. With increased tourism comes huge demand for rental properties and good news for "Buy to Let" investment in Morocco.
Property investment in Morocco allows investors to follw both the "buy to let" investment strategy and also the "pure investment" strategy. The Morrocan property market is growing quickly as is its tourism trade creating huge requirements for rental accomodation which in turn opens the door for "buy to let" investors to generate solid rental yields. The open skies policy in effect from the 1st Jan 2006 will help increase tourism making it easier for low cost airlines to service destinations in Morocco and creating competition which brings down the cost of airfares
The investor looking purely for capital gains can potentially also use Morocco as an investment vehicle. With the value of property growing at 15% -30% per annum (30% Homes Overseas Magazine) based on last year figures its clear to see that Morocco property investment is far more interesting to a "pure" investor than almost all other current locations.
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