BUYING WITH MOROCCAN PROPERTIES
Moroccan property has, until very recently, been one of the best kept secrets among real estate investors. Not only are the prices of luxury villas, apartments, and tailor built properties much lower than within the Euro Zone, but the quality of architectural design, building controls, and standard of finish are often superior. Additionally, during the last three decades, the Moroccan government, under the direction of the late King Hassan II and his son King Mohamed VI, has radically improved the country's infrastructure by building thousands of kilometers of motorways, hospitals, schools, and airports. Marrakech, Tangier, and Casablanca are all within a few hours flying time of every European capital, and the routes are serviced by both government airlines, such as Royal Air Maroc, and economic charter services. One can fly from London to Marrakech in 3 hours for under one hundred pounds, or from Paris to Casablanca for one hundred Euros.
Politically stable and culturally tolerant, there are sound economic reasons for investing in Moroccan property at this time. During the recent economic recession the value of property fell by much less in Morocco than in any European state, in fact by less than 15 per cent, and the recovery has been much quicker.
Interest rates paid by Moroccan banks are considerably higher than those paid by European banks, and the laws governing taxation and inheritance are so liberal that many 'second home owners' quickly opt for permanent resident status, a simple procedure with many benefits attached including the tax free importation of personal goods. Many purchasers, particularly among the retired community, are impressed by the country's numerous private clinics, and the low cost of private health care, whilst younger members of the expatriate community with children regard the many excellent private schools, whose students regularly enter Oxford, Cambridge, Yale and Harvard, as a positive bonus. One might also mention the fact that domestic staff is readily available at very competitive rates.
Until the mid 1950's the Kingdom of Morocco was officially known as the Sheriffian Empire and although it is a unitary state its regions offer a rich diversity of cultural experiences. Tangier, once an international city, with its decadent literary history and rich artistic heritage still boasts of its magnificent Royal Golf and Yacht Club, a splendid new Casino, and an annual summer Jazz Festival which is fast becoming one of the most important in the Mediterranean basin. Fez, the spiritual capital of Morocco, veiled in clouds of incense, and boasting innumerable mosques and madrassas of outstanding beauty, is a UNESCO designated heritage site.
Imperial Marrakech, encircled by porphyry coloured walls, swaddled in palms, dominated by the glorious Koutoubia mosque, has a recently completed opera house, and hosts an annual International Film festival attended by a host of Hollywood stars.
Casablanca, a city once famed as the espionage center of North Africa, is ever vibrant, never sleeping, the pumping heart of the Moroccan economy, and a triumph of Art Deco architecture. Rabat, the capital, is a glorious city of elegant wide boulevards, the child of Marechal Lyautey and a worthy daughter of Paris. Essaouira, is a veritable living Roman city with arcaded market streets, triumphant arch gateways, chic boutiques and restaurants, perfumed by thuya wood and honey bread. Morocco, is breath takingly beautiful, sensuous, vibrant with colour, pulsing with music, and ever mysterious, Where else can one ski in the morning on fresh crisp snow, and dine at night among the moon lit sand dunes of the Sahara desert, play Golf on courses of international repute, or go riding at one of the many Equestrian Clubs. What other destination can offer so much, or represent such a sound prospect for property investment?
MOROCCAN PROPERTIES is without doubt the longest established and most respected British owned estate agent in Morocco. It can offer a wide choice of properties from individual architect commissioned luxury villas, to restored riads, traditional Arab medina houses, or newly built apartments in secure developments.
With over ten years experience the directors and bi-lingual staff of MOROCCAN PROPERTIES can offer advice on every aspect of commissioning, buying, managing, and decorating property in Morocco. The company prides itself on its after sales services and is able to offer guidance on almost every conceivable property related topic, and on the equally important topics of schooling, medical care, insurance, applications for residence, tax exemptions, investment opportunities, and inheritance laws.
There has never been a better time to invest in Moroccan properties, especially when MOROCCAN PROPERTIES can make it so easy for you to realize your particular dream!
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€385 per week