Morocco nestles on the north western tip of Africa, separated from the rest of the continent by the towering Atlas mountains and by the Sahara. Its geography and history are more closely related to the Mediterranean than the rest of Africa. In the north its fine beaches, lush highland valleys and evocative old cities reinforce this Mediterranean impression.
CLIMATE
Generally the climate in Morocco remains quite dry for most of the year. You can expect a little bit of rain between November and March. The Moroccan climate also varies greatly depending on where you are. The temperature is quite high in the southern and south eastern desert areas. In the higher mountainous areas the temperature drops considerably. In the north the average temperature in the summer is 29 C. The months between October and April are slightly cooler providing welcome winter sun.
TAXES (related to property)
Capital Gains Tax – no tax is payable if the property is sold after 10 years of ownership. If the property is sold between 5 and 10 years of ownership, tax is charged at only 10% on gains of over 1m Dirhams. If the property is sold between 0 and 5 years, the tax would be 20% of the profit with a minimum of 3% of the sale price.
Inheritance Tax – no tax is payable should the property be left to a family member.
TOURISM, ACCESSIBILITY & INVESTMENT POTENTIAL
The Moroccan Government has embarked on a national tourism strategy that aims to increase the number of foreign visitors from 2.2 million currently to 10 million by 2010. Under this new strategy, the Moroccan Government has guaranteed to provide the necessary infrastructure to connect coastal resorts with the rest of the country and Europe by constructing 1,000 kms of new roads, increasing internal and international flights, and developing new regional airports. Morocco now has an 'Open Skies' flying agreement with the EU which means that cheap European flights are now available. As a result, the property market in Morocco is just starting to boom and provides an outstanding investment opportunity.
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