Why invest in Moroccan property?
Morocco has a uniquely advantageous location, being situated very close to western Europe, while enjoying the benefits of all year sunshine.
King Mohammed VI, with the help of additional funding from the UAE and the US, has pledged to invest huge amounts of money into the country's tourism industry, with the very achievable aim of reaching ten million tourists per year by 2010.
The country is also making significant progress as it looks to develop its infrastructure - and Moroccan property prices are currently relatively low, making investment in the country a secure business decision.
As the country and its economy is developing at a fast rate, this in turn means the property market is all set for strong capital growth, from the low-value stage it is currently set in.
With the tourism sector blossoming, individuals considering buying a property and then renting it out might do well to consider Morocco. Landlords have reported occupancy rates as high as 85 per cent during the peak season months, with yields of at least six per cent.
Currently tax on rental income in the kingdom stands at zero per cent, with repatriation of funds at 100 per cent.
Over the longer term, investors should consider putting money into Morocco, as property is not subject to any inheritance tax when passed on to family members.
And if you think you might want to sell your property after a while, as the market starts to hot up, you should find the fact that property is subject to zero per cent capital gains tax after ten years attractive.
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