Why invest in Morocco?
Morocco has been a destination for many holiday-makers seeking tranquility, exotic adventures and kilometers upon kilometers of sandy beaches. With a average winter temperature of approximately 18 C it comes as no surprise why the inhabitants of the Costa Del Sol have been coming year for many years.
- Population- 32,725,847 (July 2005 est.)
- Very young population 0-14 years: 32.1%;15-64 years: 63%
- GDP- $139.5 billion (2005 est.)
- GDP Growth rate- 1.8% (2005 est.)
- Low Unemployment Level compared to European averages: 10.5% (2005 est.)
- Morocco gets about 4.6 million tourists annually.
- 8.1% Increase in revenue from tourist 3,127 M dollars 2004, 3,252 M dollars 2005.
- “Morocco 2010,” an initiative underwritten by the Ministry of Tourism, has poured millions of dollars into the country’s hospitality infrastructure. By 2010, the program is expected to double Morocco’s total number of hotel beds to 230,000. The goal 10 million tourists by 2010.
- Property prices almost half the price of the Spanish coastline.
- Low cost of living. Same as buying in Portugal or Spain. Good golfing etc.
- 15% annual capital appreciation in recent years.
- Accessibility from mainland Europe. 30 minutes from Costa del Sol.
- The British airliner Easy-Jet announced its upcoming launch of a direct line London – Marrakech in March 06
- Safe investment- Notary supervised property registration. Same as Spain and France. Freehold title.
- Easy repatriation of funds.
- CGT only 20%(In Morocco)
- Beautiful weather. 3000 hours sunshine a year.