Morocco fits the bill for savvy investors
Morocco is growing in stature as a credible investment destination as it offers the necessary economic ingredients for investment success, according to experts.
Industry analysts suggest that investors making a long term investment should consider Morocco seriously because it has what it takes to become as popular with tourists as Spain, and that kind of popularity enhances growth in the housing market for many years to come. Holidaymakers are looking for morocco which offers the best value for money and activities to enjoy, ranging from the fabulous beaches of the Mediterranean coast to the ski resorts in the Atlas Mountains, as well as a variety of fascinating and historic cities. The country is already the major hotspot for overseas investors largely because of its favourable weather conditions.
The Moroccan Government wants to increase the annual number of tourists visiting the country from two million to ten million by 2010. Plan d’Azur backed by the King Mohammed VI and the new resorts planned by the government are positive development for investors who have invested in the Moroccan buy-to-let sector, as many rely on tourism to generate rental yields.
Morocco is set to attract extra interest from property investors as the tax rules would act as a “further incentive” to invest. Foreign buyers who opt for a second home in Morocco benefit from exemption from rental income tax for five years, zero capital gains tax if the property is sold after 10 years, and no inheritance tax.
Popularity: 12% [?]
