Experience shows that property is a sound investment. A well-constructed investment property portfolio in Morocco can provide not only excellent capital returns over the long term, but also tax efficient income in retirement. Morocco was voted 3rd best investment destination in International Property Investor magazine (October 2005).
Morocco Properties Ltd are able to provide specialist advice on making a Morocco property investment as many of our clients buy property overseas for investment, their own use, retirement or a combination of all three.
The most important thing to remember when viewing Morocco properties solely for investment is to remove all emotion from the purchase and think only of the facts that Morocco investment property offers:
- Safe Investment - Property Law based upon Napoleonic principles with Notary supervised property registration similar to France and Spain.
- Easy repatriation of investment when you re-sell in the future.
- Low property taxes with no rental tax in Morocco for 5 years.
- Capital gains tax initially 20% on profits but after 5 years it falls to 10% and after 10 years it is 0%.
- No inheritance tax if passed to a family member.
- Morocco property prices over 50% less than other European resorts.
If you would like to receive detailed information please contact us by email or telephone and ask for an Investors Pack. This includes an in depth analysis of investment properties in Morocco.
What kind of people is the area attracting?
Morocco is attracting investors, second home buyers, holiday makers and independent travellers. Morocco is committed to increasing investment into the tourism sector and has pledged a huge budget into improving the infrastructure and facilities available. The project Vision 2010 forecasts tourists visiting the country will have increased from 2.2 million currently, to 10 million by 2010.
A critical factor when considering a Morocco property investment are the links in to the country. Most major cities in Europe have direct flights to Marrakech, Tangier and Agadir. The national airline Royal Air Maroc is currently expanding their network both internally and into Europe and America.
There are outstanding investment properties in Morocco and the country has attracted the jet set and you can't open a magazine without seeing pictures of Jude Law, Madonna, Richard Branson and A list celebrities holidaying in Morocco. The attraction is the beautiful beaches, the open green countryside and the seductive exotic cities and souks.
What are the realistic indicators for growth in the area and the rental demand for both holiday and residential property?
The Morocco investment property market is booming with realistic growth of about 15% plus a year, this figure is based on growth performance over the last 2 years. With prices about 50% - 70% below the equivalent property spec in the Costa del Sol there is still considerable growth to be realised in the investment Morocco property market.
The quality of the developments and facilities that are being built are equal to luxurious European resorts at a fraction of the cost. The build density is extremely low and there is no saturation of the landscape that has been witnessed in large areas of Spain. Buying costs are over 50% less than buying a property in Spain. All of these factors are influencing and increasing demand for investment property in Morocco.
Rental demand is proving to be extremely strong with established resorts reporting 75 - 85% occupancy. There are advantageous property taxes in relation to rental with no rental tax in Morocco for 5 years.
The progressive political and economical climate in the country that is being driven by King Mohammed VI will only strengthen this situation.
Interested in Morocco investment property? Contact us for further details