Located strategically on the northern parts of the African continent and just a stone’s throw away from Europe, Morocco offers lucrative real estate deals to investors from abroad, especially Europeans.
Affordable real estate
With most of world’s popular beach resort properties too expensive for average tourists, Morocco is a good choice to buy holiday property. Not only are the property rates affordable, the Moroccan beaches possess the same ambience as the European beaches.
The North African country is carrying out developmental activities on war footing to take advantage of its present favored status. The government backed by King Mohammed of Morocco is revamping the country’s infrastructure to raise it on par with international tourist destinations.
Foreign investments are welcome
The Moroccan government is going all-out to woo foreign investors to finance the infrastructure upgrades. Already some reputed players from the UAE have set the ball rolling by investing millions in Morocco. Various parts of the country are declared as International Free Trade Zones, which entitles the investors to tax exemptions and easy money transfer.
The developmental activities are aimed at boosting the country’s tourism potential. Along with tourism, the government is encouraging real estate investors from abroad. In addition to low property costs in the country, government is offering various tax exemptions and other benefits to property investors.
Real Estate – A wonderful investment opportunity
All these makes Moroccan real estate equivalent to a golden goose; providing regular high returns for the money invested. With the tourism industry getting a shot in the arm, the requirement for accommodation is bound to go up. This is exactly where the lucrative returns come from.
However, caution has to be exercised while purchasing the property, the government warns foreign investors. The advice is to conduct sufficient groundwork and analyze the situation to zoom in on the right location and property. As the world economies are still bogged down by the economic slowdown, more tourists are expected to opt for Morocco instead of expensive locations.
Morocco – The ideal holiday destination
Morocco is being promoted as the perfect holiday spot for tourists with diverse interests. Here the modern amenities co-exist with ancient buildings evincing the old-world feel. Morocco being a confluence of diverse religions, cultures and continents, there is something of interest for all.
Moroccan cities offer boundless shopping experience for tourists. For tourists looking for adventure, trekking, romance or just relaxation, the country offers unlimited opportunities. Moroccan cuisine is a convergence of various European cuisines like Mediterranean, Spanish, Portuguese, Corsican and Moorish and African cuisines like Berber tinged with Arabian flavors. For food lovers, Morocco is a dream come true experience.
Easy mortgages, tax exemptions, high returns on investment and the option of letting out the property as vacation rental is prompting many tourists to buy permanent residence in the picturesque country of Morocco. The excellent profit made by the early birds in the Moroccan real estate market is luring more and more to the country.
Filed Under: Real Estate Tips