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Some of the Reasons Why Real Estate Investment in Marrakesh is Attractive The investment in the real estate markets of Europe and the US have been made difficult and risky due to the international financial crisis. To make their investments worthwhile, several investors are looking for alternative markets that will give them sufficient profit margin and stability. In the country of Morocco particularly Marrakesh, investment has been proving to be attractive in the past years, thus making the place a great destination for investment. An example of a great investment in Marrakesh is the riad, which is a traditional Moroccan house or palace with an interior courtyard of garden. As an investment destination, the Marrakesh real estate has several economic reasons why it is most attractive. First of all, despite the property problems in surrounding Europe, real estate in Morocco has proven to be very strong in the last many years. The dependence on the European and other international markets has stopped to be a concern among investors in this country. Another reason is that the Moroccan tax system encourages and strongly agrees on foreign investment. 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. Another encouraging situation is that there is a full guarantee of the transfers and invested capital and capital gains.
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In terms of financial competitiveness, Morocco may be considered as a fairly young market in the real estate. 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. Morocco has also demonstrated to be a competitive market even at its young stage, because of the competitive nature of its economic organizations and ambitious and qualified executives.
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As a favourite tourist destination in Morocco, Marrakesh has the 30% of total visitors each year and considered as the country’s best and safest regulated real estate market. The economy in Morocco has been liberalized increasingly and this created the economic, financial and banking organizations to welcome foreign investors and thus promote a secure foreign exchange. Marrakesh today remains to be a good investment in real estate target because of the fact that it is a still developing country, it has a large network of financial, legal and fiscal advisers and a continuous showing of tourists. 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.