INVEST - Reasons why
- Property prices are currently very competitive.
- With the low cost of living, it is possible to experience a luxury lifestyle at relatively small expense.
- The property market in Morocco is currently booming and looks set to continue to do so for a considerable time.
- Capital growth is estimated at around 15% - 30%, based on last year´s figures ( Homes Overseas Magazine quotes the growth to be nearer 30%).
- Capital gains tax stands at between only 0% and 20%.
- Inheritance tax is not charged.
- Property tax is not charged during the first 5 years.
- Rental occupancy currently reaches around 85% during peak season and it is set to increase as the Vision 2010 tourism drive continues.
- 70% mortgages are currently available * Vision 2010 to provide additional infrastructure and new roads, marinas, trains, 5 star resorts, shopping malls, beach clubs, thus increasing visitors to the area.
- The Open Skies policy allows competition for Moroccano air routes. It will
generate competition, increase services and dramatically lower air fares.
- Yacht club and mooring fees are under £27/month. These are turning even the most wealthy away from the more traditional ultra expensive Mediterranean resorts.
- Beautiful sandy beaches with crystal clear water.
- Stunning golf courses, tennis clubs, riding clubs, waterskiing, sailing, scuba diving, hunting, hiking, camel treks, culture attract all types of tourists and investors alike.
- The Mediterranean climate bringshot summers and mild winters, permitting
year-round tourism.
- French, Spanish and English is widely spoken, as well as traditional Arabic.
- The Costa de la Luz is just thirty minutes away by hydrofoil from Tangiers.
- Morocco is easily accessed through Tangiers via helicopter, ferry or on regularflights to Casablanca, Agadir or Tangiers.
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