Off-plan property in Morocco is a lucrative option for those interested in the international real estate sector. The two main benefits of investing in an off-plan property in Morocco are:
- You can consider long-term ownership with the dual benefits of a holiday home for yourself and a source of rental income at other times.
- Buy at a low price and obtain maximum profits possible.
Government incentives and rules
Off-plan property in Morocco is of high quality as the government has laid strict guidelines for the purpose. All major resorts that are being developed match the international five-star level. Also, there is an embargo of further construction for 15 years after completion of a resort project. This will not only maintain quality but help raise property prices. The Moroccan law stipulates that all new properties must follow environment-friendly guidelines.
IPIN recommendation
The International Property Investment Network (IPIN) rates profit potential in the real estate sector across the world. According to basic real estate mechanics, finished property is priced much higher than when it is in the development stage. IPIN recommends Morocco as a fantastic investment opportunity for those planning to buy property at the initial or mid-development stages. IPIN has pegged off-plan property in Morocco with high rental returns and potential for profit linked with capital appreciation.
Early entry for good profits
Property development has begun in Morocco only recently. Morocco has major development opportunities both on the Atlantic and Mediterranean coasts. Since the real estate market has just opened up to international investment, future potential for capital appreciation is tremendous.
Cheap price
Off-plan property in Morocco is on the cheapest side across the world. Similar properties cost almost twice as much as in Morocco in other parts of the world. When buying an off-plan property in Morocco, an investor needs to pay only about 20-40% of the value. The remaining amount is payable on completion of the project. Further, this amount can be financed easily.
Expert help
An expert notary or real estate financial advisor will be able to help you draw up a detailed investment plan. He will be able to help you decide when to purchase, what units would be best for long- or short-term investment. A notary will also help you interpret and understand the local laws. Moroccan laws favour the landlord so your investment is secure enough even when you consider renting out your property.
Three ways to profit from an off-plan property in Morocco:
- Buy early – It is best to pick up units in a development project as early as possible as you may get the property for way below the market price.
- Best units – Try and go for the best units in a project since these will witness the best capital appreciation once the project is complete.
- Price process – The price of units appreciates as a project develops and more units are sold.
