Politically innovative, culturally rich with excellent
growth potential

Morocco is situated in the north-west of Africa, divided by the Atlas Mountains from the rest of Africa. It offers a rich culture and an enviable all-year-round climate with hot summers and warm winters.  Located only 14km from mainland Spain, it is no surprise that Morocco is increasingly popular with holidaymakers year upon year.  Low cost airlines have recently started regular services to Moroccan airports, making it even more accessible.

In 2006, the tourist industry in Morocco grew by a staggering 18% and is currently undergoing major improvements to its infrastructure, making it a sound overseas property investment.

Economic growth in Morocco is set to accelerate in the coming years thanks to King Mohammed VI.  In 2001 King Mohammed VI's Plan Azur laid the foundations to further boost the tourism industry in Morocco.  

The key objectives of the Plan Azur are to attract five times the volume of tourists by 2010 that visited in 2002.  As a result it is estimated that 600,000 new jobs will be created to meet demand.   Massive infrastructure improvements will also add to the country’s growth with six new coastal roads underway and the development of several regional airports to meet the demands of the low cost airlines from across northern Europe.

 

Reasons to invest in Morocco

There is no doubt that Morocco is currently one of the world’s most attractive investment opportunities.  Foreign investment in Morocco is on the increase and offers property buyers great tax incentives.

At Essential Investment Property we have identified the 15 top reasons why there has never been a better time to invest in Morocco property:

Low cost of living Favourable all-year-round climate – better than Spain! Unique history and rich culture 1,400 miles of beautiful beaches Moorish architecture at its best One of the best cuisines in the world Just 30 minutes from the Costa del Sol Great for sports enthusiasts with top golf courses, skiing & surfing Booming tourist industry & economy The Moroccan Government have signed an “Open Skies” agreement with the EU New infrastructure already under construction (roads, marinas, airports) Attractive tax laws for foreign investors 60 – 70% mortgages available for non-residents Secure investment with government backed developments Visionary innovative King Mohammed promoting the county

 

Currently Morocco property prices are 50% lower than Spain and with excellent all-year-round rental opportunities due to the influx of tourists, there has never been a better time to invest in property.  Morocco is a booming property market with annual price rises of between 20 – 30%.

The future looks bright for Morocco

Morocco will benefit from the first tunnel linkng Europe/Spain to Africa/Morocco by 2010 11.9 million will be spent on new motorways and roads with over 1,000km of new infrastructure being constructed Prestigious projects are being built by middle eastern investors who are injecting billions of dollars into tourism projects such as golf courses, marinas, beach clubs and 5* star hotels Open skies agreement with the EU will open up the skies to allow low cost airlines to fly more regularly to Morocco Free trade agreement between Morocco and USA which came into effect in 2006 is already having a positive impact on the economy By 2010 Morocco expects to become part of the Euro-Med free trade zone and working towards a close relationship with the EU UAE investors are investing 4.8 billion dollars into prime real estate, airport and transport infrastructure and beach and golf resorts There are plans for a new high speed rail network linking major cities.

 

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