Category: African Property

Why Northern Morocco could be the next big thing.

Having spent the last few days in Morocco and around 6 months researching the market I feel a bit more qualified to put together my views regarding the potential for capital growth and future yield potential in the real estate development market.  I am going to concentrate on the area around Tangier but new developments springing up are situated in Saidia near the Algerian border and along the Atlantic coast. Conservative estimates of 15% growth per annum for the next 5 years and double digit yields are really possible.

Overview

8 reasons to invest in Morocco

1. The tax regime is sympathetic to overseas property and real estate investors including exemptions from certain taxes for a number of years, and a significatn reduction in other taxes. For UK investors, there is also the ‘double taxation treaty’ between Morocco and the UK meaning where tax is due, you will only pay it once.

2. Vision 2010 is a vision of Morocco’s King and Government where they have pledged to make Morocco a ‘premier destination’ by 2010, doubling tourist numbers to 10 million a year.