Investment has been made difficult, especially in the European and the US real estate markets, because of the international financial crisis. To make their investments worthwhile, several investors are looking for alternative markets that will give them sufficient profit margin and stability. Proving to be an attractive place for real estate investment in the past years is Morocco, and particularly in Marrakesh. For sale in Marrakesh is the popular riad, a traditional Moroccan palace with an interior garden, which is a great investment.
There are obvious reasons economically that make Marrakesh real estate a great investment possibility. First to mention is that the real estate market in Morocco has proven to be a very strong market and with a great growth during the last many years, despite the problems in property in nearby European countries. The dependence on the European and other international markets has stopped to be a concern among investors in this country.
The next reason is that foreign investment is strongly encouraged and favoured by the Moroccan tax system. For example, you will have a savings of up to 10% of your original investment added up due to the exemption of taxes on turnover profits during the 5 years. It is also an encouraging fact that the transfers, invested capital and capital gains are fully guaranteed by the Moroccan tax system.
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It may be that the Moroccan real estate market is a fairly young market where financial competitiveness is concern. However, it’s stability in the viable monetary aspect has long been shown, and very little affected during the financial crisis. Aso, because of their banking structure famously known for its solidity and its discretion, investing in this country is considered a safe move. Due to the ambitious and very highly qualified management and economic organizations, Morocco has demonstrated its competitiveness even as a young market agent.
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As a favourite tourist destination in Morocco, Marrakesh has the 30% of total visitors each year and considered as the country’s best and safest regulated real estate market. Morocco’s economy has been a welcoming environment, securing a foreign exchange activity, because it has been increasingly liberalized and thus created all the important economic, financial and banking institutions.
Other good reasons to invest in real estate in Marrakesh are that it is still a developing country, with a large network of financial, legal and fiscal advisers, and its tourism is continually increasing. Dubbed as the Pear of the South, Marrakesh is an absolute ideal city to spend holidays or even retire, with its charming city, tourist attractions, entertainment, shopping opportunities and historic monuments, thus making it a great place to invest in real estate.