Property Details
- Property: Apartment (New Build)
- Bedrooms: 1
- Bathrooms: 1
- Receptions: N/A
BLUE PEARL
Morocco is already one of the biggest tourist destinations in the Middle East and North Africa, drawing 6 million visitors a year. Its exotic attractions, mystical souks and fabulous weather ensure that tourist spending makes a major contribution to the national economy.
Features
Why Morocco is the best overseas investment
• Tax regime sympathetic to investors ~ The Moroccan government has implemented a number of changes to the taxation regime to make investing in Moroccan property attractive to overseas buyers. Investors can benefit from tax exemption from rental income for five years also there is no Capital Gains Tax if the property is sold after ten years and no inheritance tax. (Please contact us for more information on the tax implications to buying and living in Morocco). There is a double taxation treaty between the United Kingdom and Morocco so, where there is tax to be paid, you will only pay it once.
• Huge improvements to infrastructure are underway ~ The Americans are investing billions in new ports and new airports are opening all around the country, all linked by a modern wide-motorway system. In addition a significant upgrade of the country’s rail system has been undertaken.
• An “Open Skies” agreement ~ The government’s guarantee of world-class airport upgrades by 2010 opened the way to low-budget airlines and in the summer of 2007, Ryan Air started its service and they were followed by EasyJet and Thomson. This led to property prices soaring by as much as 40% in certain areas served by the airports.
• The celebs are moving in ~ The Beckhams, Jude law, George Clooney and Brad Pitt have recently visited and bought – this is important as it puts Morocco in the media spotlight. Just three years ago, newspaper and magazine articles put Morocco on the map and a recent survey by the London consultancy firm “Superbrands” identified Morocco as the second most desirable destination in the world today while primelocation.com, the international property website, that enquiries for Morocco are up 400%.
• Exotic, yet close ~ Morocco is the closest “exotic”, “somewhere different” destination to the UK and Eire and still has great romantic allure. This combined with year-round sunshine makes for an unbeatable destination.
Why Pay More for your Property?
Speak to our currency broker on 0845 3037790 to lock in the most favourable exchange rate or
click here to request a call back.
