Why Morroco
 

The Kingdom of Morocco is on track for rapid economic growth. Tourism is growing strongly, and with Morocco’s ambitious expansion plans, airlines are keen to connect Morocco to everywhere in Europe.

"Morocco is a land rich with potential, offering buyers the chance to get involved early in what many are predicting will be exciting and profitable times ahead” Overseas Property Professional Magazine 2006

Economic growth
  • Annual tourism figures have leaped by 60% from 4.2 million in 2003 to an estimated 6.8 million by the end of this year.
  • The property market is booming, with capital growth of up to 30% per annum.
Government aspirations
 

Big plans for the country are a result of the modernising drive of Morocco’s reformist King Mohammed VI. Coming to power in 1999, the young king has liberalised the political system and introduced new policies to attract direct foreign investment into the country.

  • Plans have been made to turn the Moroccan coastline into non high rise aesthetically pleasing areas, with emphasis on environmental care.
  • The Azure plan and Vision 2010 aims to increase tourism to 10m visitors by 2010, and includes major investment in transport, facilities and services, and introducing tourism opportunities such as golf, contributing to inevitable growth in the property sector.
  • Plans have been projected to raise living standards improve education and job prospects.
  • Property prices are lower than in Europe, and Morocco offers possibly the most favourable tax regime on the Mediterranean region.
  • An investment of 2.2 billion in coastal resorts including hotels, villas, apartments, golf courses and marinas.
 
 
  • The ‘Open Skies Agreement’, has created an inevitable tourism boom, conducive to massive capital and rental returns. EasyJet, Ryan, BA, Thomson and Atlas Blue are some of the airlines now flying to Marrakech from the UK on a daily basis.
  • Major infrastructural developments include, the new £500m Tangier Mediterranean super port, the Seafront Promenade development at Marina Smir, major road and rail developments, and the amazing Straits of Gibraltar tunnel from Tangier to San Pedro in Spain.
  • Cost of living is low in comparison to France, Spain and Italy. Major real-estate investment is now pouring into Morocco from reputable European developers like the Spanish Fadesa group as well as property giants like Dubais Nakheel and Emaa The plan also includes agreements recently concluded with UAE investors Emaar Properties and Dubai Holding, that have pledged to invest huge sums in high-profile tourism and real estate projects over the next decade.