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. A great real estate investment for example is riad, described as a traditional Moroccan palace with an interior courtyard.
Marrakesh real estate has some economic clear reasons making it a most attractive investment destination. 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. 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. The transfers, invested capital and capital gains are fully guaranteed, making that an encouraging data to invest in real estate in Marrakesh.
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The Moroccan real estate market may be a fairly young market in terms of the competition in finance. But, it was affected very little by the recent financial crisis which shows a viable monetary stability. The banking structure also in this country has been renowned for its solidity and discretion which makes investment in the country a safe action. 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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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. 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.
Planning to invest in real estate in Marrakesh has more other reasons due to the fact that it is still a developing country, has a large network of financial, legal and fiscal advisers, and it continues to show a sharp increase of visitors. 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.