Innovative land & property investments
Morocco Property Investment News
Lack of inheritance tax central to Moroccan growth
Favourable taxation and superb growth potential makes Morocco an ideal destination for investment property, says one local expert.
Rob Shaw, marketing and operations manager for Morocco Properties, said that the exciting 'Vision 2010' tourism plans of King Mohammed VI have led to great expectations for buy-to-let investments.
He added that reasonably-priced property and taxation peculiarities made Morocco the perfect place for a second home.
"For those looking to invest in Moroccan property, the biggest benefit is the low taxes," Mr Shaw explained.
No taxation is applied to rental yields for the first five years of property ownership, while inheritance tax would not be a requirement should the property be left to a family member.
Mr Shaw added: "This is a superb enticer and it is easy to see why so many are attracted to this."
In light of increased foreign interest, property developers have begun to construct holiday villages similar to those found in popular investment destinations like the Costa del Sol.
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