Off Plan Property Morocco
The emerging property market in Morocco is quickly becoming recognised as one of leaders of extremely affordable but luxury properties in the world. This is due to a number of factors, but the main reason being the excellent prices that property in Morocco can be purchased for in this exciting time of major development, construction and massive infrastructure investment.
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As an investor in off plan property in Morocco you will find the exceptionally high build quality and the low cost to purchase property particularly attractive.
In addition to this it is also important to point out that Morocco is at the start of a period of expected major capital growth, which can only favor an already solid 'Buy to Let' market.
Find out more about Morocco property and investment property opportunities in Morocco by using the links below.
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Investment Overview |
Morocco Guide |
Investment Offers |
Learn why the Moroccan property market is so high up the list of hot areas to buy off plan at the moment |
A brief guide to Morocco, how to get thereand general facts, figures and useful info |
View the carefully researched developments OPAC is recommending in Morocco. |
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Overview of the Moroccan property market
Tourist numbers in Morocco are predicted to continue to increase due to the number of low cost budget airlines that are now offering flights from many of the major European cities. Added to this the construction of new high quality standard hotels and property being built ,can only help to swell the numbers of tourists willing to visit and explore the Moroccan culture.
With this in mind the new Vision 2010 initiative chaired by King Mohammed VI has been launched. This will be concentrating between now and 2010 on the infrastructure of the economic sectors such as, banks, electricity, telecommunications, transport, education, and health services. Once set up these will be maintained to a world class standard that will complement the standard of properties available to foreign investors.
The Vision 2010 initiative has identified 6 resorts or locations for development and these will be the areas of the greatest improvement in the near future. The focus being on 5 star facilities backed up by new infrastructures, and equally as important, good easy access from ports and airports into the resorts to make tourism easier. It is hoped that this will increase the number of real estate investors or people looking to buy a second home.
Investing in Moroccan Property
At this time Morocco is believed to one of the top countries to invest in real estate, due to the expected large capital growth, which is being estimated at between 15% and 30%. The already solid demand for 'Buy to Let' property and fantastic low prices available for the high standard of build quality.
Key factors making Moroccan property a profitable investment
- Highly competitive property prices.
- Solid 'Buy to Let' market already in place.
- Low cost of living and the opportunity to experience a luxury lifestyle at a fraction of the European cost.
- Opportunities to receive in the region of 85% rental occupancy and more as the Vision 2010 initiative grows and tourism increases.
- The capital growth is estimated at around 15% - 30%.
- The real estate market in Morocco is currently booming and is expected to increase for a considerable time to come.
- English, Spanish and French are all widely spoken.
- Property tax will be not charged during the first 5 years.
- Capital gains tax stands at between 0% and 20%.
- No Moroccan Inheritance Tax.
- 70% mortgages are currently available.
- Newly formed roads, clubs, shops, resorts and health facilities.
- Close proximity to mainland Spain.
- Ultra low cost of luxury berthing in new 5 star marinas
- Increase of tourists due to low cost flights from Europe.
- Hot climate in the summer months and mild winters creating all year round tourism.
- Stunning sandy beaches and clear warm waters.
- Any number of leisure clubs from, tennis, sailing, or golf as well as opportunities to hike, trek or scuba dive, creating interest for many people