Why Morocco Property?
- Property prices are up to 60% cheaper than similar European Resorts.
- Morocco has a much lower cost of living compared to other European resorts.
- Morocco is a property hot spot and the best by far in comparison to other emerging property markets worldwide.
- Morocco is only 3 hours from London
- No rental tax for 5 years.
- Capital gains tax is 20% on profits over €60,000 - After 5 years that goes down to 10% and after 10 years there is no capital gains tax as it is rated at 0%.
- Zero inheritance tax for property left to family
- The Open Skies agreement which started in Morocco in January 2007 has opened the country with low cost airlines including Easyjet, Thomson, GB Airways, Atlas Blue and Ryan Air flying to Morocco.
Why Morocco?
The question "Why property in Morocco?" begs the answer, why not? Morocco's location at the north-west tip of Africa has a very Mediterranean feeling. At its closest point to mainland Europe it is only a 40 minute ferry journey to Spain.
In terms of climate, coastal conditions are very similar to southern Spain and Portugal with temperatures kept from being scorchingly hot by pleasant on-shore breezes. Even in the Moroccan winter the average coastal temperature will be approximately 21 degrees Celsius (approx 72 degrees Fahrenheit). Know more about Morocco.
From an property investment perspective, tourism in Morocco has been growing steadily with many seeking the "all inclusive" types of holidays suited to "gated" developments. These are often places that seem quite detached from the real Morocco but, actually are only a 20 or 30 minute drive from a population centre. The "all-year" climate is also an important draw for investors looking to sub-let property the whole year round. We firmly believe that your Morocco property will increase in value and has the potential to open another income stream for you by sub-letting to tourists. We believe this is a shrewd investment that will generate a higher yield than stocks.
Why property in Morocco? Stable government, sunny warm climate the whole year round combined with up and coming tourism means a good potential for safe high yield returns on real estate investment.
