Tangier Properties "TOP 10" Reasons to Invest in Tangier and Morocco
• Tourism is now Morocco's largest foreign exchange revenue earner and massive government and private investment of over $8 billion is flowing into Tangier alone with strong political backing.
• Tangier is less than 3 hours flight from the UK and by 2010 it is envisaged there
will be 1,300 international flights a week to Morocco. The road network is the
best in Africa and new motorways serving the city are being constructed in addition to a new high speed train link to Marrakech and Casablanca. There are also plans to build a tunnel linking Gibraltar to Tangier.
• The country has some of the most spectacular golf courses in the world, and
with green fees in Tangier from £6–£30 there is increasing demand for their
facilities. A new state of the art pleasure port, marina, conference centres and hotels are also being built.
• Fantasic year round weather. Tangier itself
has an average annual temperature of 20 degrees centigrade.
• The cost of living in Morocco is much lower than most European countries. In a
recent ranking of the most expensive places in the world, Casablanca came
59th, the highest of any Moroccan city. London was third.
• Recent annual capital growth of property between 15% and 30% depending on
location, with rental yields of up to 20% currently being achieved in the major areas.
• Benign tax regime, especially advantageous in the first five years of ownership. Capital gains tax at 0% if you keep your property for more than 10 years (10% after 5 years, 20% in the first 5 years)
• Popular holiday destination for Europeans. With current schedules you can
take a car ferry from Spain in less than an hour and a passenger-only hydrofoil
from the Costa del Sol in 25 minutes.
• Continually rated one of the best worldwide property investment locations.
• A most remarkable and undiscovered holiday destination which will not remain
undiscovered for very long!
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