Marrakech remains an interesting city for a real estate investment in Morocco
Marrakech, the red city and the city of magic, is one of the best tourist destinations in the world.
With its Colorful souks, Moorish architecture, intimate gardens and boutique hotels, historical monuments as Badi Palace and Bahia Palace, Kasbah… Marrakech is a magical and special city.
It’s not surprising to know that foreign people tend more and more to invest in real estate market in Marrakech
Whether you wish to invest in a property to rent, to offer you a second home or to prepare your old age, the real estate market in Marrakech still has interesting offers for you.
In this blog, we are going to show you why investing in real estate in Marrakech is still very advantageous.
A special property market :
One of the most amazing things about properties in Marrakech is the variety : charming riad, luxury villas, royal palaces, Residential Properties, Commercial Properties, …
That will allow you to find the perfect property that you are looking for
For riads ( unique type of Moroccan property you won’t find somewhere else) they are located in the medina, you will absolutely fall in love with the districts of the medina and jemaa el fna square
The medina of Marrakech is absolutely one the most marvelous and stunning places that attract people from around the world
The sale of Riads for use as main residences or Riad guest houses is always popular.
Contact us to find the propositions of riads for sale that will definitely meet your needs and desires.
Villas and exceptional residences are also among the most sought-after prestige properties.
Villas are ideally located either in complexes with or without golf courses
Digital Road Agency, a real estate agency, offers a selection of superb golf front properties with views of the Atlas Mountains or in quieter areas, usually architect-designed villas on beautifully landscaped plots.
After a steady decline, prices have stabilized and it is time for buyers to take advantage of this luxury real estate.
The low cost of living in Morocco
Whether you decide to buy your Moroccan property to live in or to rent, the cost of living is an ultimate advantage when it comes to investing in real estate in Marrakech.
Rates are much lower than in France for example. Therefore, you will spend less if you live there.
It is true that the price per square meter in Marrakech varies from one neighborhood to another.
However, the cost of real estate in Marrakech is up to four times lower than in Europe countries, even if prices have increased due to the cost of materials.
Moreover, it is an additional argument to attract tourists. Thus, you can more easily find occupants to generate rental income.
Besides, knowing that Moroccan prices are low, tourists tend to give more budget for housing.
Benefits of tax system :
You should know that as a foreigner, you have several tax advantages.
The guarantee of re-transfer which assures you to be able to repatriate the incomes of the sale of your real estate after deduction of the taxes.
The repatriation concerns the investment and the margin earned in Morocco, towards your country of origin and this without limit of time nor of amount.
If the property you have just acquired is new, your rental income will not be charged to your income tax for 3 years and you will be exempt from the city tax for 5 years.
If you wish to resell your property and it has been your primary residence for at least 6 years, you will be exempt from capital gains tax on your sale.
Professionals at your service to find the ideal property :
Finding a luxury property for sale that suits you is not an easy task.
For that, it’s essential to turn to real estate agencies to help you.
Digital road agency, specialized in sale and rental luxurious properties, accompanies you to find the property that meets your expectations.
The agency of professionals of the sector proposes the best prestige apartments, riads, and villa for sales in the various districts of the city. You will surely find your happiness.
Digital Road agency is committed to accompany you in your real estate project and to provide you with all the additional information necessary for its successful completion.