Morocco property investment

Are you stumped for ideas about where to invest your money? The economy is not exactly that exciting at the moment; in fact it is just rather risky. Things are more often than not going down than up, and if there is an upward trend it is so marginal that inflation is taking away any real-term gains.

Prior to 2007, a good place to invest was in property. There was a common consensus that you never lose money in bricks and mortar. However, along came the worse recession since World War II and many homeowners actually went into negative equity, something that no one expected to happen. In the UK, more so than in most other countries, property is directly linked to the health of the overall economy and therefore the growth of that economy, so this was disastrous for the UK. So much so, that Britain was one of the worst affected countries in Europe, if not the world.

The recovery is beginning, house prices are rising, albeit slowly, but investments are still poor and savings rates, because of the 0.5% base rate, are appalling, especially when 3.7% inflation is taken into account. So where do you put your money?

One of the best options right now is to invest in overseas property. Like any investment, you have to know where to invest. Where will you see the highest return on your investment when you choose to sell? Where will you get the best annual returns, effectively a salary from your investment?

As with investing in property in the UK, you need to pick a place that is on the up. It needs to be a locale that is on the cusp of regeneration, a tourist explosion and is already on the radar of international developers.

You also need to find somewhere that makes it easy for foreign investors to purchase property, has limited red tape and taxes are low. One such place right now is Morocco.

Unlike Europe, which is largely already well developed and therefore offers smaller gains and returns, Morocco is a place that is on the cusp. It is ripe for development and increasing numbers of tourists are attracting the attention of people who know how to make money from building.

Wherever you are thinking of purchasing, you will need a bank account that will allow you to bank internationally and one that won’t change a fortune for the privilege. Santander offer banks accounts that don’t charge you any fees to use your card overseas. Their best deal is the Zero current account which aside from having no fees, also offers a great 5% AER for 12 months. Take a look at their website for more information.

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