WHY MOROCCO?
" Property prices as much as 50% less than some European resorts
" Booming property market with high capital growth
" Capital gains of between 0% and 20%
" Inheritance tax 0% to immediate family
" No annual property tax for the first 5 years
" Peak season occupancy of 85% (and increasing) on rentals most seasons
" 60% non resident mortgages available through us (subject to status)
" $12 billion US Dollars investment in Vision 2010 devised by King Mohammed VI
" Secure property purchase with notary supervised property registration similar to France and Spain
" Open Skies policy
" Very affordable berthing fees
" Some of the most beautiful beaches you will ever see.
" Golf courses, Tennis, Riding, Water sports, Hiking, Cultural activities, and so much more.
" Sub tropical climate, hot summers and mild winters
" French, Spanish, English and Arabic widely spoken
" Just 35 minutes by fast Ferry from Tarifa in Spain, and a short drive from Gibraltar, Costa del Sol and Costa del Luz.
" Fully accessible by plane or sea.
Investment growth
Already making a name as a property investment hotspot, Morocco is in the position of offering luxurious new developments, renovation projects, land investments and new build villas, all at prices that are far more affordable than in many other countries.
Morocco is attracting vast amounts of media coverage as more wealthy celebrities buy into Moroccan property and land. When you see people such as Mick Jagger, Trudy Styles, David Beckham Richard Branson and a host of others moving in you must ask yourself why? Is it because it is becoming the next elite holiday destination? It certainly looks that way?
Perhaps the simple answer is that it is a very beautiful country with incredible beaches. fascinating buildings and architecture and wonderful people with a long cultural history. Add to this the creation of new ports and marinas, the 2010 initiative (see below), and the rapidly improving infrastructure, and you will see why there is so much excitement and enthusiasm in Morocco today; and land and property is still very affordable..
As tourism and investment increases it is inevitable that prices will increase significantly, generating a whole new opportunity for those investors who have been shrewd enough to invest in land, off- plan and constructed property now.
Capital Growth
We know that it is inevitable that property prices will rise given the indicative factors available, some have quoted circa 30% however we feel that 15% is more realistic and if we base our prediction on that and treat anything extra as an added bonus we really will not go too far wrong. At M.P.S.I. we feel it is better to look at the bottom end of predictions rather than give out false promises.
Rental Yield Predictions
If you choose to rent out your investment then we can manage that for you, we would expect to be able to cover all of your outgoing payments from 6 months rental. During high season on new developments, there is a current statistic of an 85% occupancy rate, and this figure is growing consequently it is feasible that as time progresses that rents will increase from their current level.
Vision 2010
Devised by King Mohammed VI in conjunction with the UAE, Vision 2010 is the main contributory factor behind the massive growth in national development. The objective is to dramatically increase the volume of tourists to Morocco to 10 million visitors a year by 2010. This will give the Moroccan economy a huge boost by the creation of in excess of 500,000 new jobs.
Vision 2010 will include:
" New motorways and the upgrading of existing motorways.
" New high speed trains and lines to be created and implemented
" New regional airports and the upgrading of existing airports where possible
" The increase and de-regulation of incoming flights from all over Europe through the introduction of an "Open Skies" policy
" New ports and marinas to be created and implemented
" The construction of six new coastal resorts one on the Mediterranean coast and five. on the Atlantic coast
Because of the increased volume of tourism and investment that Vision 2010 will bring the government are also planning new shopping malls, golf courses, beach clubs, equestrian centres and spas - all designed to promote a five star luxury lifestyle.
Open Skies Policy
As the name implies, this will make Morocco far easier for airlines to offer services to and from Morocco which will increase competition and will in turn bring down the cost of air travel to Morocco. In addition the policy will also open Morocco up to the world.
Morocco Economy
Morocco has a stable economy with steady growth. The current government encourages liberalization, reform and modernization to stimulate growth and employment.
The Moroccan unit of currency, the Dirham, has experienced growth of 18% since 1990, and the economy is expected to be boosted further if Morocco becomes part of the Euro-Med free trade zone as expected. In conjunction with Vision 2010 there is an economic objective to establish a close relationship with the European Union.
Morocco has managed to restrict government spending with the aid of the International Monetary Fund (IMF) and an economic reform programme. Although employment remains mainly within the agricultural sector, it is clear that over the long term Morocco will have no option but to move its economy away from agriculture and develop a far more stable economic basis for its future growth. One obvious sector for this move is into the tourism sector where significant employment is being created.
Morocco has held inflation to industrial country averages over the last decade due to foreign exchange rate policy and well managed monetary policy. The country holds a current account surplus, with strong foreign exchange reserves in excess of $15 billion.
The Moroccan government has a Free Trade Agreement (FTA) with the USA. This agreement is the second in the Arab world but is the first to be made in Africa, immediately eliminating tariffs on 95% of US trade in consumer and industrial products, and our understanding is that further agreements are forthcoming.
So Now, Why M.P.S.I ?
When considering any form of addition to a property portfolio, many factors must be taken into account; we feel that the most important considerations are:
1. The credibility and reputation of the company you choose to employ.
2. Location, location, location.
3. Potential gains.
4. Full due diligence on your prospective purchase to guarantee that full legal title is transferred to you on completion
If you combine all four of the above factors, you will not go wrong.
How many times do we look back and say "if only I had bought there then I would have made a fortune", or "It is all so easy with hindsight?" Well, here at M.P.S.I. we will show you, what we believe to be the "if only" and "with hindsight" of tomorrow…..TODAY.
We are experts in spotting land and property investment opportunities in Morocco - why? Because we are based in Morocco and work solely on Moroccan land and property, you see, we believe that whilst it is great to sell property worldwide, that the most professional way forward is to specialise, and to specialise you need to have your finger on the pulse, so our offices are situated in Tangiers and everyone employed by M.P.S.I. lives and works in Morocco, so that we can visit, assess, value and ascertain legal title on any property or land investment first hand, leaving NOTHING to chance. After all we have over 40 year of experience, making us masters of our trade, but only in Morocco, so we merit very serious consideration.
Our services are both professional and efficient, for example, we are happy to send one of our professionals with you to ensure that you completely understand every legal aspect when you visit your lawyer, or notaries offices over here and will make sure that all paperwork is exactly as it should be giving you the peace of mind that is so important when investing abroad.
Our intentions and our policy are very simple, if we answer all of your questions to your full satisfaction BEFORE you buy your dream home or make a property or land investment, and can give you the peace of mind that makes your transaction both a pleasure and a relaxed but totally professional event, then we have achieved our aim. In this way you will know that you have made the right investment for YOU and not bought into what a salesman offers because it is what is on the books. We would rather say "sorry but we do not have what you are looking for at this moment" than try to sell you something that you will not be happy with the day after tomorrow.
So the question is not "Should I choose M.P.S.I.?" But, "Can I afford NOT to look at the company, the way they work and the opportunities they offer?"
After all there is a lot to gain and absolutely nothing to lose. Together with our associated group management corporation ,I.M.S, we can fulfil all your personal, and business needs.
Why You Should Invest In Morocco
Thanks to the vision and ambition of King Mohammed VI to modernise his country and develop its tourist industry, Morocco is now rapidly emerging as a property market with huge potential. In particular, the Mediterranean coastline around Tetouan is primed to boom as a tourist destination over the next two to three years, resulting in significant capital growth and increased rental income for investors with the vision to act now.
1: PROPERTY PRICES
Morocco is recognised as an emerging property market, a perfect time to invest as property prices are at a low and are set to rise as the Moroccan property market and supporting infrastructure develops. Finest beach front apartments in elite resorts are available for a fraction of the cost of equivalent properties along the Spanish coast just 35km away. Average prices are currently around 50% to 70% cheaper than other Europe holiday property markets.
2. MASSIVE GOVERNMENT AND FOREIGN INVESTMENT
The Moroccan government is currently spending over $12.2 billion dollars developing Morocco's tourism industry and its supporting infrastructure. From major new road and rail links and massive airport upgrades to modernizing port facilities and a tunnel linking Morocco to Spain via the Straits of Gibraltar. King Mohammad VI and the UAE have created a huge project to invest massive funds into Morocco with the initial aim at increasing tourism. Further foreign investment pouring into the country comes from major international developers.
3. BOOMING TOURISM INDUSTRY
In 2001 King Mohammed VI launched his ambitious Vision 2010 plan to bring 10 million tourists to Morocco every year. That year (2001) saw 2.5 million tourists, by 2003 that figure had risen to 4.3 million. In 2005 they hit 5.8 million and are estimated to reach 6.8 million by the end of 2006.
4. INVESTMENT POTENTIAL
Investors are currently experiencing excellent capital appreciation of anywhere between 15% and 35% p.a. on quality coastal properties depending on location. With beach front properties in exclusive Moroccan Mediterranean resorts available for around a third of equivalent Spanish property prices, the potential for capital growth is extensive. Good rental yields of around 6% p.a. are also currently being experienced, although these are expected to rise considerably as the tourist industry matures over the next two to three years.
5. STABLE ECONOMY
Morocco is enjoying a stable economy, which has experienced continuous growth over the last 50 years. Current GDP per capita is growing at a sustainable 6.8%, aided by the Government's liberal economic policy and important free trade agreements such as the Euro-Mediterranean agreement with the EU-Morocco Free Trade Agreement which came into force in January 2006.
6. BUILD QUALITY
Unlike many emerging Eastern-European property markets, which have suffered from poor build quality problems, the construction standards in Morocco are excellent and comparable to those in Spain and France, where the bulk of Morocco's tourists and foreign property owners originate from.
7. FAVOURABLE TAX LAWS
The Moroccan Government has removed all impediments to foreign land and property ownership and is courting property investors with extremely favourable tax laws. The first 5 years of rental income is completely exempt from tax. Capital gains tax is payable on a sliding scale:
o 0% if sell after 10 years
o 10% if you sell within 5-10 years
o 20% if you sell within the first 5 years
There is no inheritance tax on properties passed on to family members. Proceeds of property sales can be fully repatriated.
8. NATURAL FACTORS
Morocco is a country that really does offer an array of environments to explore.
Whether it be the unspoilt, peaceful coastlines, the mountain and deserts, or even the many interesting towns that provide a westerner with a taste of cultural diversity, Morocco is full of opportunities just waiting to be experienced. For potential investors it is reassuring to know that King Mohammad VI is making an effort to ensure that developments keep in harmony within the surroundings.
North Morocco also provides a more Mediterranean lifestyle than the rest of the country, especially Tangiers which was once an official international city, formerly governed by Britain, Spain, Italy, Germany, America, Portugal and France. This is reflected in the area as many Spanish and French influences can be seen in everyday life.
9. LOW COST OF LIVING
The cost of living in Morocco has been likened to that of Spain in the 1980's, but with everything the well heeled tourist would expect readily on hand, including the finest Arabic, Spanish and French cuisine.
For boating, fishing, diving, golfing, off road driving, skiing, or even camel excursions into the desert, Morocco, where els?.