Tag: "property in morocco"

The Moroccan Economy Accomplished Amazing Growth

The managing director for the WEF (World Economic Forum), André Schneider, said that Morocco’s economy which has achieved remarkable progress is certainly the “ideal location” to host the WEF (World Economic Forum) on MENA (Middle East and North Africa) region.

Why Hold this International Event in Morocco?
Schneider informed MAP on the eve of commencement of the 3 day event, that holding this global event in the Kingdom of Morocco also shows the country’s position as a vital player in the Middle East and North Africa region, being a connection point between Africa, the America’s and Europe, and as a key player in all dialogues of the Mediterranean region’s future.

World Economic Forum Being Held In Morocco

What Other Areas will the Forum Focus on?
The managing director for WEF also emphasized that the forum will also focus on a couple of broad lines, namely:

  • “Regional Responses to Global Risks”
  • “North Africa: New Business Geographies”
  • “Unlocking Sustainable Growth”

He also said that World Economic Forum on Middle East and North Africa region is a wonderful opportunity to tackle various issues such as:

  • The challenges facing education
  • Building energy infrastructure
  • Encouraging growth and the impact of the global financial crisis on the Middle East and North Africa region
  • The resources to promote human capacities in order to maintain growth

Did This Event Host Only Heads of Nations?
The forum was held under the theme “Purpose, Resilience and Prosperity” and brought together a host of economists, politicians and civil society players.

After Hosting this Forum, What Did The Moroccan Government Achieve?
During the course of this 3 day event, Morocco was able to showcase the country’s investment opportunities particularly in the real estate market. The Moroccan government was able to tell not just the WEF on MENA delegates, but the world in general that Morocco is THE destination for investors.

“Why Should I Buy Property in Morocco?”
The reason you should consider purchasing property in Morocco is because this country has one thing in common with other well known overseas property hotspots and that is “global mass appeal”. This country’s transformation from a dull North Africa remote place to a ritzy European getaway has made travel headlines. This country’s enchanting resorts, cultural delights and other wonderful locations is any holiday maker’s dream spot.

What Makes Morocco such Special Destination for European Holiday Makers?
C’mon let’s be honest here, there is no European on the face of the earth who does not go on holiday just for the sun. Morocco is certainly the perfect escape from cold winters and depressingly wet and windy weekends.

Is it that easy to Purchase Property in Morocco?
Yes, buying property Morocco is pretty straightforward. But it is essential that you take independent legal advice. Translation: Although buying a property is easy, you will still need to consult an expert on Morocco’s real estate matters.

What Language is spoken in Morocco?
Though English is spoken is widely spoken in Morocco, Arabic and French are the preferred languages. It will be nice if you can speak in a little bit of Spanish.

Property buying environment in Morocco

Buying property in Morocco is currently an extremely lucrative proposition. Since Morocco is well connected with Europe through the flights that operate from there, reaching Morocco is not very difficult. Investors can fly into Morocco and fly out almost the same day, if they wish to do so.

FAQs on property in Morocco

When investors are buying property in Morocco, there are several questions that an investor would like to know. Here are some FAQs on buying property in Morocco.

Selling property in Morocco

The property market in Morocco whether it’s for sale or purchase is extremely hot. Forbes magazine has even listed it as one of the top 10 destinations where investors can buy and sell property. The government has also unveiled ambitious plans for Tourism and Healthcare sectors and this has given a high impetus to the construction as well as property sector in the country.

Property purchase: Know all about taxes in Morocco

If you are planning to buy property in Morocco, this short guide on taxes in Morocco will help you understand the required basics. Further, you must consult a notary or property analyst for detailed advice.

Why real estate in Morocco is a good investment?

Are you looking for a good investment opportunity? Check out real estate in Morocco. Morocco is now one of the top investment destinations in the world. Here are seven key reasons why you should buy property in the kingdom of Morocco:

Off-Plan Property in Morocco: High Quality at Low Price

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.

A simple guide to mortgages in Morocco

There is no doubt that the Morocco’s Real Estate sector is booming. International investors are finding Morocco a lucrative property market. To retain their interest, Morocco now offers several banking products and other facilities for international investors. With all facilities in place, mortgages in Morocco are easily available.

Morocco – An investment hotspot

Buying a property in Morocco has become immensely popular with overseas investors. Most people are interested in buying the property since the prices are extremely low. Despite these low prices, the quality of construction is superior. This makes property investments a bargain deal for the investors.

Tax planning for a property investment in Morocco

The taxation regime for property in Morocco is based on the complex French system. This is the reason that clients must seek professional advice of a notary before they proceed with buying the property. Since Morocco was a colony of France, the system is based on the French laws. Each case is treated as different from the other and there is no base to go by.