The investment in the real estate markets of Europe and the US have been made difficult and risky due to the international financial crisis. Several investors are then searching for alternative markets that will give enough stability and profit margin to make their investments worthwhile. Investment in Morroco particularly Marrakesh, constitutes to be a proven and an attractive destination for destination in the last many years. An example of a great investment in Marrakesh is the riad, which is a traditional Moroccan house or palace with an interior courtyard of garden.
As an investment destination, the Marrakesh real estate has several economic reasons why it is most attractive. One reason is that in the past several years, the real estate market in Morocco has been having very strong growth even with the property problems in the rest of the European neighbours. 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. Another encouraging situation is that there is a full guarantee of the transfers and invested capital and capital gains.
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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. This made also their banking structure established a solid and discreet reputation that makes investing in this country 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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The country’s best and safest regulation in the real estate market has made Marrakesh a favourite tourist destination in Morocco, with a contribution of 30% total visitors every year. The economy in Morocco has been liberalized increasingly and this created the economic, financial and banking organizations to welcome foreign investors and thus promote a secure foreign exchange.
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. Another reason is that Marrakesh is still an ideal place to spend your holidays or even retire, making it known as the Pearl of the South, with its city full of charm, entertainment, shopping opportunities and great historic monuments.