Morocco Hotspot Properties
|
The most popular places for property sales in Morocco are Marrakech, Fez and Essaouira, although the new resort developments along the coast also offer some opportunities. Sidi Ifni, Agadir, Essaouira, El Jadida, Tangier and Casablanca are all areas along the Atlantic coast and Ceuta, Tetouan and Nadir can be found along the Mediterranean coast. Marrakech is located inland.
Plan Azur
Although there is no rental market as yet, the interest surrounding these developments combined with the country's increasing number of tourists means occupancy will be high. A lot of the 'Plan Azur' resorts are centred on golf as the sport is a big passion of the kings. As a result some of the world's greatest golf courses are to be built here and when buying a property it is worth checking if golf membership is included in the price. Samanah Country Club is one of the new developments due for completion in 2010, with 600 villas across a 700 acre site. £237,000 will buy a three bedroom property with a pool however it does not include membership to the resort's golf course. Tagazout is another new 'Plan Azur' resort 25 miles south of Agadir compromising a 4.5km beach, two hotels, a golf course, a golf academy and a spa and fitness centre. With so many resorts to choose from, be sure to see what extras are included in the property price. Investors at 'The Salama Valley Resort' receive a 900 euro card to spend in the resort, free return flights for the first three years, free healthcare and free house keeping. The £101,000 price tag also comes with a nine year buyback guarantee and 7% annual rental income guaranteed.
There is neither a better nor worse coast for investment, it is merely a matter of personal preference. Choose the Mediterranean coast if you prefer a warmer climate and the Atlantic coast if you want to catch the 'Alizee', the local name given to the strong winds that offer perfect conditions for wind sports. Essaouira is located along this coast and has been nicknamed the 'surfing capital' of Morocco, alongside other attractions such as sailing, horse riding, yoga and kite surfing. Essaouira attracts thrill seeking holiday makers all year round and June is its busiest month. It is not only adrenaline junkies that travel here though, the walled old town hides spice and fish souks and labyrinth streets affording a rare glimpse at times gone by.
|
|
Read more...
|
|
|
Ask any overseas property investor to pick their top five property investment hotspots, and it is likely that Morocco will come up in that list every time. This North African country is experiencing a major image change, and overseas property investors have been hot on its tail. Morocco is ranked as the fifth largest economic power in Africa after South Africa, Algeria, Egypt and Nigeria.
The current monarch, King Mohammed VI, has made tourism his number one priority and launched the Vision 2010 program that is also backed by the UAE government. A country full of life and colour, probably the best thing about Morocco is its people - very hard working, determined and positive. In the 19th century, the French and Spanish controlled large parts of Morocco, but in March 1956 they signed an agreement granting the country full independence. |
|
Read more...
|
Why Buy Direct From Developers?
|
Although a word of caution here is that if you already have an estate agent that you have confidence in then buying direct from developers could be beneficial if you get the right property developer, but if a buyer goes direct from developers without knowing the developers then it might not be a good idea. So once again use common sense in Morocco or world wide when you are purchasing direct from developers make sure that you get references from other buyers or from a reputable agency that you know and trust. |
|
Read more...
|
|
Morocco Property Investment
|
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. |
|
Read more...
|
|
|
|
|
|
Real Estate in Morocco
