Posts Tagged ‘Morocco’

Morocco Property Investment – a New Overseas Investment Property Hot Spot

Tuesday, July 27th, 2010

A number of factors have come together to make Moroccan property investment a fantastic opportunity for overseas property investors.

If you want great capital growth and an opportunity for significant income from the buy to “let market” then Morocco can offer you great risk to reward

If you are considering overseas property investment you should think of morocco property as an investment first.

Here are the reasons why:

Investment property in Morocco at present is offering annual capital gains of up 35%.

This capital growth is expected to continue, as tourism and cheaper flights make morocco more popular.

Morocco is already a popular tourist destination and the government is allocating 10 billion euros to increase tourism by several million visitors per annum.

Of course, as tourism grows so does demand rental properties.

You can not only make great annual capital gains with low risk ,but supplement this with a significant income from the “buy to let” sector.

If you are looking for cheap property for sale that has excellent capital growth potential then Morocco offers you outstanding risk to reward.

This market is still growing and capital growth looks set to continue for years to come.

Morocco Lifestyle

With its geographical location, just south of Spain it is seeing an increasing number of tourists and investors from Europe and other overseas locations.

Morocco is a country of stunning beauty, but also has the infrastructure to attract an ever growing number of tourists which include:

• Pristine clean sandy beaches and crystal clear seas.

* The stunning Atlas Mountains and the Sahara desert.

• A wealth of recreational facilities including: Fishing, scuba diving, golf, tennis hiking, Camel treks and a wealth of historic Moorish culture.

* Up-market tourist developments, that bring with them excellent cuisine, shopping facilities and improvements in infrastructure.

• A wide variety of languages are spoken and Spanish, English, Italian and French are common.

• It has a perfect location for other destinations to explore such as southern Spain, which is under an hour away.

• A great climate that includes, both hot summers and warm winters making.

The economic and political climate

Of course, all the above advantages of lifestyle are bringing more people to morocco than ever before.

This mass influx is being encouraged by huge investment to improve the facilities and infrastructure and makes Moroccan property investment attractive to buyers seeking both capital growth and rental income.

• Property prices are cheap and are up to 60% less than other similar Mediterranean resorts.

* Capital gains in property can be up 35% in many locations.

• Morocco has a very Low cost of living. For example, Morocco is far cheaper than its near neighbor Spain and provides a luxury lifestyle at affordable cost.

• Morocco has a booming property rental market with occupancy of up to nearly 90% in the peak summer months.

• Taxes are cheap. For example, tax on any capital gains is a maximum of 20% and in many cases can be nothing at all finally, there is no inheritance tax to pay finally, there is no annual property tax for 5 years.

• Finance is available and up to 70% mortgages are available to overseas investors.

For any property investor the major criteria for buying are:

• Affordable property prices with significant capital growth potential.

• Low taxation and flexible finance facilities.

• A stable economic and political climate that will foster growth.

Add in a buoyant “buy to let” market and it is no wonder Moroccan property investment is growing in popularity and the trend looks set to continue.

Discover more about investing in property in morocco and you may be glad you did.

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Buying Property in Morocco is a Popular Overseas Property Investment Choice

Saturday, May 29th, 2010

Buying property in Morocco is becoming increasingly popular with overseas investors as more people realise what Morocco can offer them. One such offer is high quality developments being constructed at bargain prices. Many of the properties are aimed at the luxury market and they have been fitted with exceptional features and facilities. This is all helping Morocco to become famous as the foremost destination for buying investment properties.

Morocco is steeped in history and is seen as a magical and mystical world that beckons travelers and tourists alike. Rabat, the Moroccan capital, is a modern day city that still holds its old world charm. The coastline is a favourite with tourists and destinations like Casablanca (made famous by the 1942 American romantic drama) and Marrakech are by all. Morocco is expected to become increasingly fashionable as a tourist destination, therefore investor forecasters are predicting that property prices will keep on in increasing in value.

Morocco has various hot spots that attract some of the world’s rich and famous, such as Saidia and Tangier. Currently the property market in Morocco is emerging as one of the top most developing markets with tremendous potential for investment, which is particularly good news considering today’s economic climate in the UK. The Moroccan government is taking an active role in improving the property market. They have implemented various initiatives, such as the King’s Vision 2010, to boost the country’s tourism and infrastructure, which in turn will improve the property market and economy in the country.

Once you’ve decided where you want to buy a property in Morocco, the next step is to seek legal advice so you don’t make any expensive mistakes. Anyone wanting to turn their property investment into a buy-to-let property will need to pay tax on the income, although the first three years will be exempt of tax. If the property is sold within five years, a capital gains tax is levied based on the sale price less the purchase price. There is some good news regarding tax: because there is a UK-Morocco Tax Treaty in place between the two countries, this protects the investor from being liable for capital gains in both countries.

When it comes to choosing the type of property you want to buy, be prepared to take time, effort and commitment, especially if you want to find an unusual traditional style of property. Know your budget and stick with it, and take photos of each property you view so you can remember each one. Once you have found your property, you will need to place a verbal offer to the seller via the estate agent; bear in mind that negotiation is rarely an option when buying property in Morocco. The seller will then decide if the offer is to be agreed or if the price is to be raised. It is your choice to decide if you want to take the sale of the property forward or to walk away. If you want to proceed, the next step is to draw up a compromis de vente (“a pre-contract signed by the seller and buyer of a property that involves a two-way promise that amounts to a provisional sales agreement”) which is preformed by a notaire (ministry official). Once you have received the compromis de vente you have two weeks in which to change your mind. If you want to proceed there are several more steps to complete and then the property is yours to enjoy.

Buying property in Morocco is an exciting opportunity for investors; not only will you have a property in an exciting country, but you’ll have a property that could give you a really healthy return on your investment.

 

Dale Campbell wrote the Article ‘Buying Property in Morocco is a Popular Overseas Property Investment Choice’ and recommends you visit http://www.homesoverseas.co.uk for more information on buy property in Morocco.

Morocco – an Exotic Secret – Holiday Rental Hideaways

Wednesday, April 21st, 2010

Morocco is a well kept secret. Many tourists still regard the African country as an exotic destination beyond their travel horizons, and retreat to the safety of holiday rentals on the Costa del Sol in Spain – just across the water – to top up their tans. They’re correct on one point: Morocco is exotic. But they’ve got the rest terribly wrong.

Morocco has it all – vibrant cities, a beautiful coastline teeming with holiday rentals, vast, unspoilt sand dunes and the majestic Atlas Mountains – all within easy reach of each other. The larger cities of Rabat, Marrakech, Casablanca and Fes are all commercially successful but have still managed to retain their historical customs and local charm. Stepping into Marrakech’s souk (the largest in Morocco) will transport you to another place in time. Vendors will sell you everything from live poultry to hand made gourds, electrical equipment to exquisite silks. There are plenty of bargains to be had with a little bit of negotiating, whether its silverware or holiday rentals that you’re after.

One of the best and increasingly popular ways to experience the full flavour of Morocco is to find holiday rentals in the form of a riad. This is a traditional Moroccan house with an interior garden that provides a tranquil retreat from the bustle of the larger cities. Riads available for holiday rentals are often located within the historic, older parts of the city and come with their own unique history – some dating back to the eighteenth century. These holiday rentals often come equipped with plunge pools in their flower-filled courtyards and with authentic Moroccan furnishings. The beauty of these holiday rentals is their location – often within walking distance of the main historic city sites, and, in places like Marrakech, only a short drive away from the Atlas mountains and other natural attractions.

Riads are a unique way of experiencing the real Morocco and getting to know some of the secrets of this country steeped in history. But if you’re not a city person, there are still options to be had along the country’s coastline. Perhaps holiday rentals in riads that once belonged to eighteenth century merchant seamen…

The holiday rentals choices in Morocco are endless. Whether you want the vibrant city life or a tranquil haven by the sea, this exotic country has it all on offer.

Free reprint article written by Olly Symonds

Copyright © 2008 Olly Symonds. All rights reserved.

Olly Symonds is the joint founder of One Off Places, a holiday property rentals website specifically geared towards individual and one-off style properties. Launched in 2007 it offers users the chance to search for exactly what they want on their holiday, whether it’s a secluded farmhouse, a penthouse apartment or a luxury villa. See www.oneoffplaces.co.uk for further information.