Investing in Morocco

Morocco has recently seen a surge in foreign investment when it comes to the real estate market. Not only is the Moroccan real estate market offering the investors with prices half the amount when compared to the cities in Europe, certain policies like tax free rentals etc are making Morocco a hot spot amongst investors.

The recent consensus has shown that the real estate market in Morocco is slowly but steadily expanding, while many schemes offered by the government are boosting the market further. This is correct time for all the investors interested in morocco real estate to invest in the properties. As the tourism industry grows in morocco, what with the open skies policy and Plan Azure Vision 2010, the prices and rates of the properties in morocco are bound to increase by manifold. Timely investment will ensure that investors reap huge benefits and profits from their investments in the Moroccan properties. The real estate market will grow over 15% per annum, while the earnings and yields are bound to touch the double figures in percentage.

While the properties are still ample and prices within reach, investing now will definitely be the smartest thing to do. Experts predict that the prices in the real estate of morocco will see a continuous rise for the next four to five years, before slowing down in growth. At present it is estimated that a two or three bedroom apartment would cost you around 150,000 , while a three bedroom villa can be bagged for 245,000 approximately. Meanwhile, for those seeking for buying apartments, a square meter of area can be had for as low as 800. Last one year has seen the prices rise by almost 75%.

Even though the world is facing a big slump in economy and real estate markets especially, morocco is not affected by it at all. While the economy still faces a steady rise, the real estate markets are also becoming stronger by the day. Further, for investors, the new schemes promoted and more liberalized tax systems have ensured the rising interest of foreign investors in morocco.

Rental income in morocco has been exempted from all taxes for 5 years, while the investor does not require paying for the capital gains by selling a property after 10 years of its buy. Besides, properties sold within 6 to 10 years of their purchase will have to pay for 10% profits, while properties sold within 5 years of purchase will be required to pay either 20% profits or 3% of the total sales price. Some of the best cities enjoying the attention from the real estate investors happen to be Casblanca, Rabat, Fes, Marrakech and Tangier. Besides, acquiring loans in morocco is extremely easy. The interest rates vary from 5.5% to 6.5%, while about 70% of the property cost can be had as a loan.

As the tourism industry expands, the real estate market becomes more promising by each passing day. Invest now for an assured investment! When are you investing?

The Lastest posts in Finance

Mortgage Accelerator Knowledge Base
Do you know the ins and outs of the stock market? Well for most of us we are onl...
http://www.bizarticlezone.com/finance/mortgage/mortgage-accelerator-knowledge-base-5010/

Advantages of tax software
Tax is most often the bane of all profits. There are those who forget to pay the...
http://www.bizarticlezone.com/finance/advantages-of-tax-software-5005/

Home refinancing
Brought to you by: Refinancing home loan
Co-submitted by: Prepaid Credit Cards - Review
If you are looking for a convenient way to purchase items in stores or online wi...
http://www.bizarticlezone.com/finance/credit/prepaid-credit-cards-review-4982/

Inventory Accounting Software: a Must-Have in Business
Establishing optimum inventory is the most important thing for any organization....
http://www.bizarticlezone.com/finance/inventory-accounting-software-a-must-have-in-business-4948/

How small business accounting helps your business
When business starts growing, so does the amount of figures and calculations. In...
http://www.bizarticlezone.com/finance/how-small-business-accounting-helps-your-business-4947/

Kentucky Auto Insurance Ratings
Multiple insurance providers offer the purchase of Kentucky Auto Insurance cover...
http://www.bizarticlezone.com/finance/insurance/kentucky-auto-insurance-ratings-4943/

Interest rate and home loans
Co-author: Home loan financing
Co-authored by:                

Or Post to multiple bookmarking sites at once:

This entry was posted on Wednesday, December 24th, 2008 at 12:35 am and is filed under Finance. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.

Enter your search terms Submit search form

Did you enjoy this Article?
Please subscribe to our Feed, it's free of charge!