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Why Invest in Property in MoroccoLow Cost Property prices are significantly lower in Morocco than other resorts. Extremely spacious and high specification apartments and villas can be up to 50% cheaper than the equivalents elsewhere in Europe. The low cost of living in Morocco also allows the investor or home buyer to experience a luxury lifestyle for little expense. Low Taxes Annual capital growth of between 15% and 30% is expected based on last year’s figures. 30% according to Homes Overseas Magazine. A huge attraction for the astute property investor. Rising Tourism Tourist trade is forecast to double by 2010 to 10m visitors a year, under the government’s Azur Program initiative and Vision 2010 project. Infrastructure is seeing huge improvements including new roads, airports, marinas, train lines, 5 star resorts, shopping malls and beach clubs to name but a few. All this is backed by His Royal Highness King Mohammed VI in his efforts to create favourable investment conditions for foreign investors. This will drive a huge requirement for rental accommodation which is already at 85% occupancy in the high season. High Accessibility Most Moroccan resorts are only 2.5 hours flying time from the UK. The Open Skies policy launched on 1st Jan 2006 allows low cost airlines to service Morocco and create competition, thereby lowering airfares and increasing accessibility to Morocco for tourists and homebuyers alike. Easyjet and Ryanair are already flying from London to Marrakech and in addition Ryanair also fly to Fez from London and to Oujda (for Saidia) via Marseille from Glasgow, Dublin and London.
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