Gibson Press

Few days back I was searching on internet for properties in morocco. I stumbled upon this great article on http://www.insight-morocco.co.uk/. This is up to the point and best read till date I had about properties in morocco

Low Cost
Property prices are significantly lower in Morocco than other resorts. Extremely spacious and high specification apartments and villas can be up to 50% cheaper than the equivalents elsewhere in Europe. The low cost of living in Morocco also allows the investor or home buyer to experience a luxury lifestyle for little expense.
Low Taxes

Income Tax – no tax is payable on rental income for the first 3 years of ownership.
Capital Gains Tax – no tax is payable if the property is sold after 10 years of ownership. If the property is sold between 5 and 10 years of ownership, tax is charged at only 10% on gains of over 1m Dirhams.
Inheritance Tax – no tax is payable should the property be left to a family member.

High Growth
Annual capital growth of between 15% and 30% is expected based on last year’s figures. 30% according to Homes Overseas Magazine. A huge attraction for the astute property investor.
Rising Tourism
Tourist trade is forecast to double by 2010 to 10m visitors a year, under the government’s Azur Program initiative and Vision 2010 project. Infrastructure is seeing huge improvements including new roads, airports, marinas, train lines, 5 star resorts, shopping malls and beach clubs to name but a few. All this is backed by His Royal Highness King Mohammed VI in his efforts to create favorable investment conditions for foreign investors. This will drive a huge requirement for rental accommodation which is already at 85% occupancy in the high season.
High Accessibility
Most Moroccan resorts are only 2.5 hours flying time from the UK. The Open Skies policy launched on 1st Jan 2006 allows low cost airlines to service Morocco and create competition, thereby lowering airfares and increasing accessibility to Morocco for tourists and homebuyers alike. Easyjet and Ryanair are already flying from London to Marrakech and in addition Ryanair also fly to Fez from London and to Oujda (for Saidia) via Marseille from Glasgow, Dublin and London.