Apartment for sale in Tetouan, Tetouan, Morocco

Due for Completion March 2009
Magnificent Ocean front homes beside a virgin beach of golden sands and overlooking the Atlantic – just 30 minutes from Tangiers and the Airport.
Purchase price includes all taxes and fees.


The Moroccan government is keen to encourage foreign property owners and offer the following incentives to purchasers:
* No rental tax for the 1st 5 years of ownership
* No capital gains tax if the profit is below £40,000 20% thereafter
* After 10 years ownership capital gains tax is nil
* No inheritance tax if property passes to a family member
* Full repatriation of funds if a property is sold
The ROYAL ASILAH BEACH RESORT will feature all of the following on-site facilities:
* Swimming pools and Beach bar
* Landscaped gardens
* On-site cafe/bar and mini-market
* Gated community with 24 hour security
* Rental and Management office
* Gymnasium
* Free bus service to and from Asilah town
* Water Sports Centre with Jet ski, Kayak and Pedalo hire
North of Asilah town the resort will occupy acres of prime oceanfront land. The land is accessed by the main coastal road linking Asilah to Tangier.

The development will comprise over 300 low-rise apartments and penthouses all with direct access to miles of Virgin golden beaches. There will be green zones with park-like areas, lawns, palm trees and flower borders.


INVESTMENT
Morocco is a kingdom and his Royal Highness King Mohamed VI has indicated that one of the principal economic sectors he wishes to promote in Morocco is tourism. His aim is to have 10 million tourists annually visit Morocco by 2010.


* This ambitious project which includes hotel and road construction, improvement of infrastructure etc. will inevitably have a significant effect on property prices in prime tourist areas.


* Purchasers at the ROYAL ASILAH BEACH RESORT with its ocean front location and diversity of on-site leisure facilities plus its proximity to the Airport and a charming Moroccan town will benefit considerably in terms of escalating property prices as the tourist boom filters through the economy
* A Mediterranean type climate and lifestyle, less than 3 hours flying time and with property prices a fraction of those in nearby Spain (just 9 miles away) – it’s difficult to see how those with investment in mind can go wrong here
* Those looking for rental income won’t be disappointed. High season rates often reach £100 per night.


* The Royal Asilah Beach Resort will have an on-site rental and management office which will offer a complete range of services.
Prices
Asilah Beach Resort start from £95,000.