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. For sale in Marrakesh is the popular riad, a traditional Moroccan palace with an interior garden, which is a great investment.
As an investment destination, the Marrakesh real estate has several economic reasons why it is most attractive. 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. The dependence on the European and other international markets has stopped to be a concern among investors in this country.
Another reason is that the Moroccan tax system encourages and strongly agrees on foreign investment. 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. 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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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. The banking structure also in this country has been renowned for its solidity and discretion which makes investment in the country a safe action. The young, ambitious, and very highly qualified executives and economic organizations in Morocco has helped in demonstrating the competitiveness of its young market.
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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.
Marrakesh today remains to be a good investment in real estate target because of the fact that it is a still developing country, it has a large network of financial, legal and fiscal advisers and a continuous showing of tourists. Dubbed as the Pear of the South, Marrakesh is an absolute ideal city to spend holidays or even retire, with its charming city, tourist attractions, entertainment, shopping opportunities and historic monuments, thus making it a great place to invest in real estate.