This represents a superb investment opportunity to purchase a property in an excellent location. With entry levels as low as €21,000 it has the potential to return outstanding
capital growth. The 70% on completion can be financed though a Spanish bank.
No tax is payable on rental income for the first 3 years of ownership. No Capital gains tax is payable after 10 years. 10% on profit is due if it sold before 10years. No Inheritance
tax is payable if the property is left to a family member.
The Moroccan Government has embarked on a national tourism strategy that aims to increase the number of foreign visitors from 2.2 million currently to 10 million by 2010. Under “Vision
2010”, they have guaranteed to provide the necessary infrastructure to connect coastal resorts with the rest of the country and Europe by constructing 1,000 kilometres of new
roads, increasing internal and international flights, and developing new regional airports. Morocco now has an ‘Open Skies’ flying agreement with the EU which means that
cheap European flights are now available.
As a result, the property market in Morocco is about to boom and provides outstanding investment potential.
