The investment in the real estate markets of Europe and the US have been made difficult and risky due to 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. In the country of Morocco particularly Marrakesh, investment has been proving to be attractive in the past years, thus making the place a great destination for investment. For sale in Marrakesh is the popular riad, a traditional Moroccan palace with an interior garden, which is a great investment.
As an investment destination, the Marrakesh real estate has several economic reasons why it is most attractive. First of all, despite the property problems in surrounding Europe, real estate in Morocco has proven to be very strong in the last many years. This is due to the fact the many investors do not have any concern on the effects of the European and other international markets.
The next reason is that foreign investment is strongly encouraged and favoured by the Moroccan tax system. For example, there is an exemption of taxes on turnover profits within 5 years, making a saving of up to 10% of the original investment. Another encouraging situation is that there is a full guarantee of the transfers and invested capital and capital gains.
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In terms of financial competitiveness, Morocco may be considered as a fairly young market in the real estate. However, it’s stability in the viable monetary aspect has long been shown, and very little affected during the financial crisis. The banking structure also in this country has been renowned for its solidity and discretion which makes investment in the country a safe action. The young, ambitious, and very highly qualified executives and economic organizations in Morocco has helped in demonstrating the competitiveness of its young market.
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Marrakesh particularly, is a Morocco’s favourite tourist destination, contributing 30% of the total visitor each year, and this is due to the country’s best and safest regulation in the real estate market. Because of the welcoming environment in the economy of Morocco, its foreign exchange is secure, and its economic, financial and banking institutions have increasingly liberalized and created.
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.