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Moroccan property investments

Morocco is a hot travel destination right now. Not only is it opening up to tourists but it offers plenty of property investment opportunities too.

So why buy in Morocco?

• 4-5 hours' flight away. It's also a short ferry trip from Gibraltar and Spain. Morocco is close plus it has a magnetic exotic appeal with its mix of Islamic traditions and colonial past.
• tax exemptions introduced by the Moroccan government are available for a few years on certain taxes and important reductions in others offer a very favourable investment climate. Plus a double tax agreement exists between the UK and Morocco - so you only pay tax once
• Morocco is aiming for annual tourist figures of 10 milllion by 2010. This target underpins the national project called 'Vision 2010'
• an 'open skies' policy has been agreed with Morocco - involving Moroccan airport improvements and allowing more budget airlines to operate from the UK and Ireland.
Flight increases means reductions in flight costs and resulting growth in Morrocan property prices in areas accessible by cheap and regular flights from Europe and
• building of a 'sea tunnel' between Spain and Morocco. If implemented this would open up another traffic route at around 2025.

There's lot of property for sale in Marrakesh including new build and off-plan homes. Other key areas for Moroccan properties are currently available in:

• Mediterranean Morocco including Tamrabet, Cabo Negro coast and the exclusive Saïdia resort area and
• further south, towns and cities, Essaouria, Agadir and Fes.

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