Investment Property Morocco |
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Investment Property MoroccoPrices of land in Morocco have trebled over the last five years and property prices are currently much lower than in European resorts of a similar standard despite the fact that the property system is similar to that of the UK and Ireland, where foreigners are able to buy property without any restrictions, even having favourable taxation for foreign investors. There are double taxation agreements meaning that Capital Gains Tax is only paid once, with low Capital Gains Tax and no CGT payable if the property is kept for at least 10 years. You can also benefit of the exemption from Inheritance Tax if property is left to a family member. Investing in Morocco is a secure investment – many developers offer building guarantees and resorts that form part of the “Plan Azur” are government backed and with the increase in tourism figures, properties will definitely offer an excellent rental potential. The facilities you will be able to find there are superb with professional golf courses, fine beaches and water sports attracting tourists. |
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