MOROCCO PROPERTY MARKET:

With miles of beautiful white sand beach, an exciting Moorish culture and year round weather, Morocco is the destination everyone is talking about. live a luxurious Blue Seaview lifestyle at a fraction of the cost of other European destinations.

Property in Morocco is approximately one third of the price for comparable builds in Spain. The major cities of Morocco have recorded capital growth of over 30% in the last 3 years. In addition, King Mohammed VI has liberalised the political and tax system - rental income is now exempt from tax for 5 years and no capital gains are paid if the property is sold after 10 years.

2007 is set to be a truly memorable year for the Moroccan real estate market. There will be several launches From EMAAR which will attract property buyers from around the globe. Obviously The first buyers on these developments from EMAAR will get not only the best choice of units but also pay the lowest prices.

Here are just a few of the top selling points :
» Mediterranean climate with 320 days of sunshine a year.
» Luxurious facilities including world class golf, tennis, riding and yachting.
» Good links from the UK and 30 minutes by hydrofoil from Spain.

» English, French and Spanish widely spoken along with Arabic.
» Low cost of living.
» Morocco real estate prices are 50% - 70% less than the Costa del Sol that at its closest point is nine    miles away!

WHY INVEST IN MOROCCON PROPERTY?:

There are many reasons that make Morocco a perfect place to invest. The Morocco real estate market is booming with realistic growth of about 15% plus a year. With Morocco property prices still more than 50% plus below its European equivalent there is still considerable growth in the Morocco real estate market. The process of buying and owning a property in Morocco is safe and straightforward with a notary supervisory registration similar to France and Spain. Interestingly buying costs are 50% less than buying a property in Spain.

There are advantageous tax concessions, 20% tax on any capital gains and low property taxes. Morocco is serious about tourism, and has embarked on a national tourism strategy that aims to increase the number of foreign visitors from 2.2 million currently to 10 million by 2010. Under Vision 2010, the Moroccan government has guaranteed to provide the necessary infrastructure to connect coastal resorts with the rest of the country and Europe by constructing 1,000 km of new roads, increasing internal and international flights, and developing new regional airports.

TANGIER - An Arabian Gate to Europe :

Tangier itself is an International Free Trade Zone and therefore exempt from certain taxes to encourage foreign investment. VAT tax is only 5%.

The location is of particular importance due to the close proximity of the Straits of Gibraltar and Spain. Recently the Americans were awarded the security contract for the new International Port of Tangier, so there is an established letting and resale market.

Washington sees the project's success as enhancing its Free Trade Agreement (FTA) with Morocco and providing a further step forward in the liberalization of the economy. The port is currently being constructed on a site 35-km east of Tangier. Both the port and the free zones at Tangier Med are due to open for business in September 2007.

Tangiers is known for its 'colourful' past where anything went, however in recent years much has been done to clean up its image. The incredible mix of North African cultures are still present in the city, accompanied by their rich and diverse history. This diversity, as well as Tangiers again becoming an off the beaten track holiday destination, still make the city worth visiting for the traveller who is looking for somewhere a 'little bit different'.