Increasing tourist trade –target is for 10m tourists - has matching need for rental accommodation, acting as a stimulus for buy-to-let
Beautiful sandy beaches, stunning Golf Courses, Tennis Clubs, Riding Clubs, Waterskiing, Sailing, Scuba diving, Hunting, Hiking, Camel treks, Culture attract tourism
Mediterranean climate - hot summers and mild winters
French, Spanish & English widely spoken, as well as traditional Arabic
Moorish culture at its best
Huge project (Vision 2010) to improve the infrastructure and increase tourism by 10 million visitors per year, including new roads, marinas, trains, 5 star resorts, shopping malls, beach clubs
A stable Constitutional Monarchy
Increased tourism generated by the Vision 2010 project is expected to increase GDP by 8.5% p.a. until 2010
Significant investment from Dubai, Spain, the USA and the UK on a number of projects which are at various stages of planning and completion
Emerging market offering low entry investments in a growing property market. High capital growth and solid rental returns are expected, which has led to a buoyant property market.
Outstanding capital growth prospects in the region of 15- 30% (Source: Homes Overseas Magazine 30%), 15% is expected to be easily achievable
Property prices approximately 50% less than other European resorts
Decent yields are achievable, particularly from property in the new luxury resorts currently under construction. It is expected that annual mortgage payments and bills can be covered from peak season income alone (June to September). Rental based on a 2 bed apartment costing around €100,000 is expected to be around €2,000 per month.
Rental Potential: Gross yields – 9%+ *
Rental occupancy can reach 85% most years during the peak season (July-Sep)
Low cost of living - experience a luxury lifestyle at little expense
Sound investment process– Notary-supervised property registration similar to systems in France and Spain
* based on property purchase price of €210,000, assuming:3 months rental @ €2,000 mth + 9 mths @ €1,450 = €19,050 rent.
Open skies policy has increased air routes and also those of budget airlines from the UK. BA (GB Airways), Royal air Maroc, Easyjet and Ryanair all fly to the major Moroccan cities, either direct from the UK (London Heathrow, London Gatwick, Luton) or from Spain (Madrid, Malaga, Barcelona).
In addition, there are the numerous ferries sailing from Costa del Sol to Tangier – a short trip and then of course you have your car with you for onward travel.
Car hire, taxis, trains and buses are all very reasonable in Morocco.
Costa del Sol is just 30 minutes away by hydrofoil from Tangiers
Accessible (Tangiers) via helicopter, ferry, regular flights
Yacht club & berth fees for under £27/month
Between 0% and 20% tax on any capital gains
0% inheritance tax to family
No annual property tax for first 5 years
For a quick overview of Morocco’s country profile and macro-economic indicators, click on Snapshot Profile or go to STEP Country Profile to give you more in-depth information of the Social, Technological, Economic and Political profile for the country.
To give you more background on the towns and click here Towns Section.
To see what property is for sale in Morocco, click here on Moroccan Property