Why Invest In Morocco Property?
No investment today offers the stability and simplicity coupled with the excellent return offered by investing in property. The stock market can offer high returns but it is a very volatile and dangerous place. This is especially true for the non-professional as there are many external factors that can effect your financial investment. In recent years major stock markets have generally been under-performing and property investment now stands heads and shoulders above other forms of investment.
Property is now the wise investor's weapon of choice. No other investment allows you to purchase with other peoples' money 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.
Buying specifically for investment allows you to remove the emotion you're your purchase and look at the property as an investment vehicle. This might mean utilizing a re-assignable contract option and selling at a substantial profit prior to completion or taking the buy-to-let situation and generating a reliable rental income as well as substantial capital appreciation.
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. The king Mohamed VI is a young 42 years old and has only been in power since 1999 when his father died. He was trained in the USA and the UK, with his western mindset he has been bringing great change in many ways including new laws to protect foreign investors.
Several real estate editorials have been saying that the property will rise in price anywhere from 5 to 10 times in the next 5 years in Morocco.
New four lane roads, new rail stations, bus stations, a new international airport are all being built to handle all the tourists and vacation home owners that will be coming in to Morocco.
Morocco has a wealth of potential for a property investor and the Moroccan government has recently made it even easier and more attractive for overseas investors to own and profit from real estate in Morocco. Morocco can offer an investor the potential for everything from immediate income to long term sustained property price growth and is therefore a country worthy of consideration by all real estate investors considering property portfolio diversification.
Morocco is a hot emerging real estate market. You have to come and just spend one day in Morocco to experience it.
Author: Samantha Daniels
