Morocco: Vision 2010

King Mohammad VI came to power in 1999 with a bold and ambitious plan for Morocco.

He called it Vision 2010 and its aim was simple: to create wealth and vastly improve the standard of living for the people of Morocco – through improvement of the country’s infrastructure and the creation of a huge tourism market.
Some of Vision 2010’s key aims:

To welcome 10 million tourists annually by 2010

To create 600,000 new jobs

To increase hotel capacity by 160,000

To build new motorways and upgrade existing roads

To build new regional airports and upgrade existing facilities

To increase and de-regulate incoming European flights through an Open Skies policy

To introduce new marinas, ports and high-speed trains

To investigate and implement the construction of a tunnel linking Spain and Morocco

So far, the plan has succeeded beyond expectation. Morocco welcomed 6.5 million visitors in 2006, compared to 2.2 million in 2001. And with major political, economic and social agreements in place with Europe and America, the foundations are well and truly laid for even greater success.

For anyone buying property in Morocco, that means an un-missable combination of an untapped market and the security of massive state investment.

Travel

Getting to Morocco is easy, since 1st January 2006 there is an open sky policy which allows all airlines to fly into Morocco. Flight time from the UK is around 3 hours, the equivalent flying time from Manchester to Malaga, Spain. With the introduction of many low cost airlines it has become an easily accessible holiday destination.

There are 15 International Airports in Morocco, with a further 23 new routes under consideration. You can also take the ferry from Spain, with a travelling time of 40 minutes, depending on your route.

20 Reasons Why Morocco Is An Intelligent Property Investment

1. Low cost of living - experience a luxury lifestyle at little expense.

2. Low property prices, 50% less than most other European resorts

3. Booming property market with high capital growth potential

4. Between 0% and 20% tax on any capital gains

5. 0% Inheritance tax to family

6. No annual property tax for first 5 years

7. Rental occupancy expected to reach 85% most years during peak season

8. Mortgages available

9. Vision 2010 aims to increase tourism and improve the infrastructure, achieving a projected increase in tourism of 10 million visitors per year by 2010.

10. Increased tourism generated by the Vision 2010 project due to create a huge demand for rental accommodation

11. Vision 2010 is providing new roads, marinas, trains, 5 star resorts, shopping malls, beach clubs
“Open Skies” policy, activated on 1st January 2006, allows low cost airlines to service Morocco and create competitive fares with Yacht club and berth fees of under £27/month

12. Safe investment – notary supervised property registration similar to that of France and Spain

13. Beautiful sandy beaches

14. Stunning golf courses, tennis clubs, riding clubs, waterskiing, sailing, scuba diving, hunting, hiking, camel treks and culture.

15. Mediterranean climate - hot summers and mild winters

16. French, Spanish and English widely spoken as well as traditional Arabic

17. Sight seeing and rich Moorish cultural experiences

18. Emerging market backed up by strong tourism and low flight times.

19. If the whole country represents a great investment opportunity, Morocco’s north-eastern Mediterranean coast is the best choice for those who value unspoilt natural beauty and for investors wishing to purchase in a new, up-and-coming area.

20. There can be no doubt that Morocco offers a wonderful opportunity, stunning weather, dramatically cheaper prices than the Costa Del Sol, warm seas, a stable country and about to experience a tourist boom. The only question is do you wish to take advantage of the opportunity that is Morocco?

Investment Opportunity:

The Royal Moroc Sports & Leisure Club

With excellent sporting and leisure facilities working alongside some of the countries top sporting celebrities, the Royal Moroc Sports & Leisure Club offers the highest quality build and property specification in the most beautiful coastal surroundings.

With an exclusive Founder Member Discount you only need to pay 15% deposit on the following properties at off plan prices:

One bedroom apartment From 85000 Euros

Two bedroom apartment 140000 to 300000 Euros

Three bedroom apartment 190000 to 350000 Euros

Four bedroom villa 450000 Euros

Five bedroom villa 495000 Euros

Example of Typical Cost Structure

For example, the purchase of a two bedroom apartment would be broken down as follows:

Purchase Price 165000 Euros

Deposit (30%) 49500 Euros

Less 15% Founder
Members Discount 24750 Euros

Deposit Payable
Up to mortgage 24750 Euros

Balance to pay financed 115500 Euros
through cash developers
mortgage.
(subject to status)