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Great Reasons for Investing Real Estate in Marrakesh Investment has been made difficult, especially in the European and the US real estate markets, because of the international financial crisis. Alternative markets are looked into by many investors in order to make their investments stable and with enough profit margin to make a worthwhile investment. Proving to be an attractive place for real estate investment in the past years is Morocco, and particularly in Marrakesh. A great real estate investment for example is riad, described as a traditional Moroccan palace with an interior courtyard. Marrakesh real estate has some economic clear reasons making it a most attractive investment destination. One reason is that in the past several years, the real estate market in Morocco has been having very strong growth even with the property problems in the rest of the European neighbours. This is due to the fact the many investors do not have any concern on the effects of the European and other international markets. The next reason is that foreign investment is strongly encouraged and favoured by the Moroccan tax system. An example is the exemption of taxes turnover profits for 5 years, which will add up to in some instances a savings of up to 10% from the original investment. 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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The Moroccan real estate market may be a fairly young market in terms of the competition in finance. During the financial crisis, it has however showed stability in the viable monetary aspect. This made also their banking structure established a solid and discreet reputation that makes investing in this country a safe move. Due to the ambitious and very highly qualified management and economic organizations, Morocco has demonstrated its competitiveness even as a young market agent.
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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. Morocco’s economy has been a welcoming environment, securing a foreign exchange activity, because it has been increasingly liberalized and thus created all the important economic, financial and banking institutions. Other good reasons to invest in real estate in Marrakesh are that it is still a developing country, with a large network of financial, legal and fiscal advisers, and its tourism is continually increasing. Investing in real estate in Marrakesh has further reasons in the fact that the city is a great and ideal place to spend your holidays and to retire, and with the city’s charm, historic monuments, entertainment and shopping opportunities, it is known to be the Pearl of the South.