Morocco 'offers good rental investments'

Making a money transfer and investing in a buy-to-let property in Morocco has been described as likely to prove a profitable move.

Nik Kapur, director at M2Morocco.com, explained how the housing market in the country has been steadily growing over recent years and there is now huge demand for rental homes.

"Average yields are far higher than can be found in most developed countries and there is a strong demand for holiday lettings in tourist hotspots like Marrakech," he stated.

It was suggested that the local population, as well as foreign investors are keeping professional agents and management companies busy as they look for properties to purchase.

One of the main attractions drawing people to make an investment in Morocco is the tax advantages that have been provided in order to increase interest, Mr Kapur remarked.

He described how there is no inheritance tax and an exemption on capital gains tax for certain houses.

According to Mr Kapur, the Moroccan market has had chance to mature as it has been "largely insulated" from the "ongoing turmoil" of other global markets.

"There was an inevitable slowdown in the property market - in particular with the golf and beach developments aimed at the second home market - due to the global recession," he noted.

However, the effects were not long lasting and the markets continue to grow year-on-year, Mr Kapur added.

This was said to be due to local demand remaining high at the low to mid-end of the price ladder and overseas investors only making up a small percentage of the overall market.

For an alternative destination, Brits may want to consider taking founder of ThePanamaReport.com Matt Landau's advice and purchase a property in Panama, where the economy is growing rapidly.

Posted by Sarah Pitton

Click here to make an International Money Transfer to Morocco.