Tourism will be the primary export product in the near future. The Moroccan government aims to increase the number of foreign visitors from the current 2 million, to almost 10 million in 2010. Building 900 kilometres of new roads, increasing the number of international flights, developing new airports and allowing cheap European flights into Moroccan airports are just a few of the arrangements the government has made to stimulate tourism.
You can now find cheap holidays, very reasonable hotels and the beaches are beautiful.
Taxes are low.
Capital Gains Tax - if the property is sold within five years - CGT is charged at 20% of profit with a minimum of 3% of the sale price.
A property sold between six and ten years of ownership will pay 10% capital gains tax and 0% thereafter.
There is no inheritance tax for family members and Income
Tax is not payable on rental income for the first 3 years of ownership.
Capital growth on the Moroccan property market in 2007 based on last year´s figures is expected to be between 20% and 25 %.
Flights take less than 3 hours from the UK. Flights are very competitively priced due to the open sky policy introduced very recently.
