Why Buy In Morocco?

With miles of un-spoilt beaches and the same warm, sunny days experienced by other Mediterranean resorts,
clear from the outset.

• Property prices 50% less than other European resorts
• Low cost of living - similar to Spain circa 1970's
• Beautiful Golf Courses, Tennis Clubs & Riding Clubs
• Moorish culture at its finest
• Mediterranean Climate
• Enjoy a luxury lifestyle for very little
• Yacht club and berth fees for under £27/month
• 10 Year build guarantee (similar to NHBC)
• French, Spanish & English widely spoken as well as the traditional Arabic
• Costa del Sol just 30 minutes away by hydrofoil

Which airports can you reach Morocco by?

Tangier Airport
You are able to fly into Tangiers direct from the UK, however tourism is increasing at rate of 20% a year and it will not be long before there are more frequent flights from more UK airports.
The approximate time to the developments from this airport is 1 hour.

Tetuoan Airport
Tetouan airport is only a short drive to the developments on offer and by approximately 2008, the airport will be expanded to cater for the tourism down this coastline. This will dramatically ease the method of coming into North Morocco and is sure to increase prices in this area as tourism, including the golfing enthusiasts, are then able to access the inexpensive courses in this area for the same air flight as going to Spain.

This will dramatically ease the method of coming into North Morocco and is sure to increase prices in this area.

Malaga Airport
There are daily flights from all UK airports into Malaga and you can then drive to the ferry terminals at either Alcerias (1 hr ferry trip) or Tarifa.(35 minutes ferry trip) reaching Tangier Port. You are able to fly from Malaga to tangier Airport if you wish, but flight connections may match and you could end up with a long waiting time in Malaga.

Gibraltar Airport
There are daily flights from most UK into Gibraltar and only a short drive to the ferry terminals at either Alcerias (1 hr ferry trip) or Tarifa.(35 minutes ferry trip) reaching Tangier

What is the minimum you have to earn to attain a mortgage in Morocco?

The mortgage is assessed on your income at the time of taking out the mortgage.

What is the Purchase Procedure / Payment Schedules ?
The purchase procedure in Morocco for the majority of the properties is very simple.

There is a refundable reservation fee of £3,000 once you decide to visit Morocco.

Once you have confirmed your plot, a reservation contract is sent and a further 40% of the purchase price is then requested in 14 days from the contract being issues.

There is then nothing to pay until completion, when you can either pay cash or attain a mortgage.

Can I get a Mortgage?

We work with you to secure the most attractive and flexible Moroccan mortgage. We have built a strong relationship with several of the largest banks in Morocco such as Credit Du Maroc and BMCE. Current interest rates are at about 7% for a variable rate mortgage.

Our banks will loan you up to 35% to 40% of your net salary without prior credit checks or confirmation of existing obligations.
The mortgages are 70% of the property sale price for non-resident foreign propety owners.

We have built special agreements with the banks so that we can often get your loan approved in 24 hours.

In order to facilitate this, you will need to have the following paperwork ready on completion:

EMPLOYEES:
1. Attestation of employment
2. Bank statements (the last six months)
3. Your pay stub (the last three months)
BUSINESS OWNERS:
1. Company statutes (Bylaws) (showing who owns company)
2. Certificate of incorporation
3. Company tax statements (the last two years)
4. Bank statements (the last Six months)

How Long will it Take to Build The Property?

The average development time to be built is 18 – 24 months, depending on the size and complexity of the phases. Due to the good all year round weather in Morocco, building can take place all year round.

Do you do Viewing trips?

Our Company can organise a viewing trip with Free Accomodation !!

The viewing trip is a superb way to see these superb apartments yourself, at the same time seeing part of this wonderful country.
Your accommodation for 2 nights in Tangiers, for up to 2 persons, is paid by the company.

On purchase of your apartment, up to £100 per person is refunded towards the cost of your flights, subject to receiving your flight receipts.

Meals and all other expenses for the trip are up to the individual to pay and are not paid by the company. Those that go on these trips seem to enjoy exploring this magical land.

What is the Build Quality Like?

Build quality in Morocco is a high standard and specification. You are able to see properties and their build quality in Morocco.

Is Morocco a Safe Country?

Morocco is a safe country with little crime.

What is Golf Like in Morocco?

GOLFERS will be pleased with the proximity of the Cabonegro Golf Course - 18 lush holes, just 15 minutes drive from the Marina.

What is Shopping Like In Morocco?

The Spanish colony of Ceuta is 10 minutes drive from the Marina. Crossing the border into Ceuta is a simple matter of showing one's passport. The colony offers world class duty free shopping.

Traditional shopping can be exciting in the "Medina" (Bazaar) of Tetouan, stalls and busy shops are plentiful offering all types of goods - Carpets, Clothes, Jewellery, Designer Brands etc

What is Eating Like in Morocco?

Lovers of exotic gastronomy will enjoy sampling inexpensive local Couscous, Tajine and other delicious Moroccan dishes. Sip a delightful mint tea for refreshment on a warm day.

What if I have a boat ? Are there any Marina’s where I can moor It ?

Although modelled on the famous "Puerto Banus", Marina Smir tends to be far less densely built up and makes for a pleasant, relaxing place to take a stroll in the warm sunshine.

BOAT OWNERS can take advantage of low port fees that are only fraction of the typical European rates and have their boat parked only minutes away ready for use with friends and family.

What is the weather / climate like in Morocco?

The region of Morocco, boasts over 3,000 hours of sunshine a year and the climate gives you between 30-35 degrees and just as comfortable winters, with daytime temperatures rarely dropping below 15 degrees.

Nothern Morocco may just have the ideal climate. Temperatures are consistently mild all through the year, rarely surpassing 30ºC/86ºF in summer months. Lows tend not to drop below a minimum of 10ºC/50ºF. On warm days one can rely on a steady, comfortable sea breeze. Rainfall averages 150mm (6 inches) per month - mostly during the winter season. Morocco (like Spain) has more than 330 days of sun annually.

Why invest in Morocco?

With miles of un-spoilt beaches & the same warm, sunny days experienced by other Mediterranean resorts, the attraction is clear from the outset

THE ATTRACTION

• Property prices 50% less than other European resorts
• Low cost of living
• Beautiful Golf Courses, Tennis Clubs, & Riding Clubs
• Mediterranean climate
• Yacht club & berth fees for under £27/month
• 10 year build guarantee (similar to NHBC)
• French, Spanish & English widely spoken as well as traditional Arabic
• Costa del Sol is just 30 minutes away by hydrofoil once past the border
• Moorish culture at its best
• Enjoy a luxury lifestyle for very little

iT’S FINANCIAL BENEFITS

Morocco offers additional benefits from a financial standpoint which makes it a highly attractive prospect for purchasers:

• Low property taxes
• Safe investment – Notary supervised property registration similar to France & Spain
• Easy repatriation of investment should you re-sell in the future
• Only 20% tax on any capital gains
• Property market booming – average rises of 15% per year achievable
• Rental occupancy reaching 85% most years during the Peak Season
• 70% mortgages available with current 7% mortgage rates

IT'S CURRENCY

The unit of currency is the Dirham (Dh), which is divided into 100 centimes. A Euro equals 10.8 Dirhams, & a Sterling Pound equals 16.3 Dirhams. Business visitors are advised to consult their banks for the current rate of exchange. No import of Dirhams is allowed. Overseas visitors need to change their currency into Dirhams locally.

The Moroccan Central Bank (Bank Al Maghreb) fixes the value of the Dirham using a basket of currencies including the Euro, Dollar and Yen. The Dirham is not yet fully convertible.

MOROCCO TAXATION GUIDE

The Morocco tax system is modeled after the French system and has quite a few complexities. We always consult and work closely with our international tax advisers prior to offering our investors tax reduction strategies. The following information is a very basic guide to the Morocco tax implications for UK investors:

The Morocco tax system is modeled after the French system and has quite a few complexities. We always consult and work closely with our international tax advisers prior to offering our investors tax reduction strategies.