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| MOROCCO PROPERTY NEWS |
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Morocco is officially enjoying an economic boom and the state predict that growth will leap to 7.3 percent in 2006 from just 1.8 percent in 2005. Morocco is well on the road to sustainable growth. (Middle East Times, Nov 2006)
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Among the carriers that have already launched flights to Morocco this year are EasyJet, Thomson and Ryanair (The Times, Sept 2006)
- Ryanair has signed an agreement with the Moroccan Government to increase capacity to Morocco. Ryanair intend to launch 20 new routes to Morocco over the next 5 years (The Daily Mail, Oct 2006)
- During the summer of 2006, flight bookings to Marrakech leapt 295% year on year, buoyed by the increased number of flights operating between the UK and Morocco (The Times, Sept 2006)
- We only expect interest in Morocco to grow further and further, as it has so much to offer UK travellers (John Bevan,Travel Director, lastminute.com, Sept 2006)
- Property prices are predicted to double in the next two years (The Times Oct 2006)
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Why invest in Morocco property?
Anyone mixing in celebrity circles will tell you that Morocco is considered one of the most fashionable retreats for the rich and famous, with an "inner circle" of over 700 internationally recognised celebrities frequenting the country on a regular basis. Perhaps the reason for this popularity is because northern Morocco may just have the ideal climate. Temperatures are consistently mild all through the year, rarely surpassing 30ºC/86ºF in summer months. Lows tend not to drop below a minimum of 10ºC/50ºF. On warm days one can rely on a steady, comfortable sea breeze. Morocco (like Spain) has more than 330 days of sun annually. With Property prices 50% less than other European resorts it is no wonder Morocco is such a popular choice.
Morocco an investment property hot spot offering exceptional rental potential and capital growth returns
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Low cost of living
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Unique in culture and history
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Perfect conditions for all
types of water sports
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Gateway to Africa, yet close
to Europe
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Only 30 minutes from the
Costa del Sol by hydrofoil
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Secure investment - government
backed resorts
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Estimated 10 million visitors
by the year 2010
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“Open Skies”
agreement with EU to allow European airlines
to operate at Moroccan airports without restrictions
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Low cost airlines such as
Easyjet, Thomsonfly and Ryanair announcing
new routes with more to be added for 2007
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Travel website Opodo recently
named Morocco third in its top ten destinations
for 2007
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Year round sunshine
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Beautiful sandy beaches and stunning coastline
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Opportune time to invest
- property prices 50% less than similar European
resorts
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No property tax for 5 years
and low capital gains tax. No inheritance tax for family members
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Property system
similar to that of Spain & France using the Notary system
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60 - 75 % Mortgages are the
standard amount borrowed
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Excellent rental opportunities
in the future. Properties are ideal for holiday
makers and keen golfers and of course permanent living
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British tourists increased
by 18% between 2004 and 2005 alone
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French, Spanish, English
and of course Arabic widely spoken
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