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Welcome to Morocco




                      “Leading the way in overseas property investment”
APPOINTED AGENT
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Contents
- Morocco................................................................................................
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Morocco – hot spot for property investment
Nestling on the northern tip of Africa, with a   (Homes Overseas Mag...
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A Guide At Your Fingertips
Why Morocco                               • Beautiful untouched towns and           ...
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A Guide At Your Fingertips

• Approximately an 18 month              Facts
  construction period
              ...
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Tetuoan – Mediterranean style
Situated on the Mediterranean coast just         pickings for tourists and reside...
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Asilah – crystal clear Atlantic waters
fishing port but today the town is a popular    The standard of amenitie...
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Port Lixus - Perfect up market destination
The Port Lixus is a luxury all year round         The Atlantic coast...
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Martil – the best beaches in Morocco
Located on only twenty minutes from the            The fine golden sandy b...
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Saidia – a taste of exotic luxury
One of Morocco’s most popular villages        unlimited leisure facilities. T...
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Viewing Your Perfect Property
                                                 Payment
We recommend that you jo...
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Viewing Your Perfect Property - Tangier

• You will be toured in air-conditioned      *This tour has to have pr...
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Making Your Purchase & Buying Costs
When you have decided on the property            when all payments are due ...
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Mortgages - Helping your Investment
                                                Interest only mortgages    ...
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Worldwide Legal Services
                                                                                      ...
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The Diamond Experience
The better way to buy your overseas               A website full of important informatio...
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The Diamond Experience
Benefits for Members                           • Corporate accommodation rates for pre  ...
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Red Hot Homes

                                                                                                ...
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Morocco

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Morocco

  1. 1. Ref: BD237 Welcome to Morocco “Leading the way in overseas property investment” APPOINTED AGENT
  2. 2. Ref: BD237 Contents - Morocco.................................................................................................................................2 - A guide at your finger tips..................................................................................................3/4 - Tetouan..................................................................................................................................5 - Asilah.....................................................................................................................................6 - Port Lixus..............................................................................................................................7 - Martil.....................................................................................................................................8 - Saidia.....................................................................................................................................9 - Viewing your perfect property .....................................................................................10 / 11 - Making your purchase & Buying costs...............................................................................12 - Mortgages............................................................................................................................13 - World Legal Services..........................................................................................................14 - The Diamond Experience...............................................................................................15/16 - Red Hot Homes...................................................................................................................17 1
  3. 3. Ref: BD237 Morocco – hot spot for property investment Nestling on the northern tip of Africa, with a (Homes Overseas Magazine) but as a more even larger occupancy levels for investors climate, geography and history more closely conservative estimate of 15% is expected as and even potential growth in rental prices as related to the Mediterranean than to the rest being very achievable. demand increases. of Africa, visitors are often struck by the Rental Yield Predictions odd sensation of having not reached Africa. The major catalyst behind the huge growth in A country of mountains and deserts, with a Morocco’s tourist industry and the massive coastline fronting both the Mediterranean Rental income from Morocco based property amount of overseas investment into the and the Atlantic, providing plenty of sandy is also of great interest to investors as good stunning new luxury property developments beaches as well as a number of fascinating rental yields are achievable from property is the massive national development old coastal cities and an unmistakably in the new luxury resorts being constructed. plan devised by King Mohammed VI in enticing ambiance. It is expected that mortgage payments and conjunction with the UAE. This project bills can be covered for the year from the called “Vision 2010” was launched with the Capital Growth Predictions rental income achieved from the peak purpose of drastically increasing number of season months alone. Peak season months annual tourist visitors. In fact the goal was Many sources offer different views on what are classed as June - September and rental more specific than this to increase tourism is expected to happen to the value of new based on a 2 bed apartment costing around by 5 times by 2010 to 10 Million visitors and Moroccan property in the newly constructed €100,000 is expected to be around €2,000 generate 600,000 new jobs in the process. resorts. There are some differences in per month. With 85% rental occupancy This very ambitious project was presented opinion as always but the one common factor currently during the high season and the by the new and young King Mohammed VI is that prices are expected to rise and at a number of tourists set to grow faster than in 2001. rate that will please investors. The growth the amount of available accommodation this rate has been quoted as being around 30% figure is expected to grow not drop meaning 2
  4. 4. Ref: BD237 A Guide At Your Fingertips Why Morocco • Beautiful untouched towns and • Ideal conditions for windsurfing, hiking, camel riding and even snow villages skiing • Year round destination with 320 days of sunshine Living in Morocco Investment • 35º in summer, 22º in winter • The official language is Arabic • Capital growth of between 15% to however English, Spanish & French • Unspoilt golden sandy beaches 30% predicted are widely spoken • Fully equipped marinas with 5-star • 2.2 million visitors per year, a rise • Low cost of living, lower than Spain hotels and facilities of 26% and 1/3 cheaper than the UK • Sophisticated nightlife, restaurants, • Strict building regulations • EU passport holders do not require clubs & pavement cafes a visa (children will need their own • Low taxes passport to enter the country – dual • Markets, snake charmers and ownership passports are not traditional restaurants • Substantial development in excess permitted) of $2 million is underway by one of • Superb championship golf courses the world’s largest developers, • Cosmopolitan lifestyle, great cuisine inviting comparisons with Dubai and culture 3
  5. 5. Ref: BD237 A Guide At Your Fingertips • Approximately an 18 month Facts construction period • General infrastructure is rapidly Tax in Morocco improving with billions of dollars being poured into roads, airports and facilities • 0% capital gains tax under 40k or after 10 years • Popular towns include Tangiers (famous for its bazaars) Marrakesh • 0% inheritance tax when passed on to and Casablanca a family member • Unique and exotic lifestyle • 0% tax on rental income for first five years • Excellent year round rental opportunities • 6% plus rental yields • Much greener than Spain • 100% repatriation of funds • A stable constitutional monarchy headed by his Royal Highness King Mohammed VI • The entire country measures 446,550m², just one-tenth larger than California 4
  6. 6. Ref: BD237 Tetuoan – Mediterranean style Situated on the Mediterranean coast just pickings for tourists and residents alike are 40km from the exotic town of Tangiers, just some of the attractions of this delightful Tetouan is the capital of northern Morocco. town. The region is noted for its natural beauty and rich surroundings awash with fragrant The dramatic backdrop of the Rif Mountains orchards, almond groves, cypresses and to the south and west, add a stunning contrast charming houses nestling on the hillside. to the lush Martil Valley and also protect the coastline from more extreme winds, creating The town is characterised by the distinctive a temperate year round climate. Mediterranean style, blue and white One town definitely worth visiting whilst buildings bearing testament to its time as the in Morocco is the charming coastal town capital of ‘Spanish’ Morocco. A labyrinth of of Asilah situated in northern Morocco just winding streets leading to busy squares and south of the bustling city of Tangier. Dating markets bustling with activity offering rich back to 1500BC, historically an important 5
  7. 7. Ref: BD237 Asilah – crystal clear Atlantic waters fishing port but today the town is a popular The standard of amenities, scenery and coastal resort located on the country’s ambiance have bewitched many visitors, Atlantic coast. many artists are attracted the area and there are also festivals, particularly in August A magnet for beach lovers, water sports celebrating the local artists and musicians. enthusiasts, golfers and those looking to This is a fantastic location for soaking up explore the rich culture, a unique mix of the the authentic atmosphere of the Morocco, exotic tempered with familiar Mediterranean whilst still enjoying those little comforts of architecture evident in the famous blue home. and white houses prevalent throughout the region, conjuring up images of Greece and also its close neighbour Spain. 6
  8. 8. Ref: BD237 Port Lixus - Perfect up market destination The Port Lixus is a luxury all year round The Atlantic coast of Morocco is renowned beach resort, offering top of the range sports, for its crystal clear water and 8km of fine leisure and health facilities, providing the powdery white sandy beaches. Port Lixus perfect destination for those looking for a will be a magnet for those looking to enjoy little bit more than a holiday home. outdoor sports and leisure activities such as tennis, gym, swimming and two 18-hole Located on the Atlantic coast of Morocco golf courses. It will also attract dedicated just 40km south from the colourful city marine lovers, for its deep sea fishing of Tangiers, the resort will appeal to the and water sports. Amongst the facilities discerning investor looking for a luxury available in the region are an equestrian residence, in the best location complimented centre, sports training centre, a pleasure port by plethora of international standard and a marina. facilities both on-site and within the local vicinity. 7
  9. 9. Ref: BD237 Martil – the best beaches in Morocco Located on only twenty minutes from the The fine golden sandy beach, lapped by bustling town centre of Tetouan, we find crystal clear waters is up there with the best the charming coastal resort of Martil. Until of them, attracting many visitors looking for recently largely undiscovered by overseas a cooling dip, water sports, sailing or just sit tourists or developers, Martil is an established on the sand and watch the world go by. resort enjoyed mainly by wealthy and middle class Moroccan’s during the summer season. Hotel accommodation in the area is limited mainly to the town centre and is generally The architecture is typical of the regions fully booked during high season, highlighting Moorish style, although unremarkable in the need for the new high quality beachside design, although the town is bright and developments. enticing, featuring a beautiful promenade, stretching along the beach for several kilometres, ideal for a relaxed stroll whilst watching the sunset. 8
  10. 10. Ref: BD237 Saidia – a taste of exotic luxury One of Morocco’s most popular villages unlimited leisure facilities. The marina, one located on the Mediterranean coast is of the largest in the Mediterranean will be currently undergoing huge transformation a magnet to sailing enthusiasts providing into a major tourist centre. Mediterrania- a range of services including tourist Saidia is a unique totally comprehensive information and there will be a chandler’s international residential and tourist store and the harbour master’s office. resort designed to provide high quality accommodation within a region measuring In anticipation of demand there will be over 7,000,000m² and an incredible six thousands of luxury residencies, hotels, kilometers of coastline. beach bars, restaurants and international shopping opportunities. Every eventually A luxury year round location offering a has been planned for including a heliport, taste of the exotic on the Mediterranean, sports, business, conference and exhibition a fantastic resort with miles of unspoiled centres against an idyllic Mediterranean sandy beaches, a new 840 berth marina, backdrop. three 18-hole championship golf courses, eventually seventeen golf courses will line the coastline, luxury hotels and seemingly 9
  11. 11. Ref: BD237 Viewing Your Perfect Property Payment We recommend that you join us on a • You will be greeted at your UK departure property inspection programme. Our client All flights are booked by us on your airport by our UK representative who services team will be pleased to book your credit card, to ensure you are covered by will provide you with our information flights and hotel on your behalf. The tours international travel regulations imposed pack and details of your tour. are kept to the best value. We will advise by I.A.T.A protecting your interests in the you when you are considering a trip. unlikely even of default. • On arrival you will be taken to your hotel and given time to relax after your Departure Airports Arranging a property inspection programme journey. could not be easier. We will take care of your Subsidised inspection flights are available flights and 4-star hotel accommodation and from London, Manchester and Dublin. We • We will provide a welcome meeting arrange for you to be met at the airport by are happy to assist you with any arrangements where our team will tell you all about one of our English speaking team. for connecting flights to these airports. your resort, the legalities of purchasing Arranging a property inspection programme and our unique after sales service. The Property Inspection Programme could not be easier. We will take care of your flights and 4-star hotel accommodation and We guarantee your property inspection • We will introduce you to the culture of arrange for you to be met at the airport by programme will be most enjoyable and your destination with a special gala one of our English speaking team. rewarding. dinner. 10
  12. 12. Ref: BD237 Viewing Your Perfect Property - Tangier • You will be toured in air-conditioned *This tour has to have pre purchase deposit comfort to the properties of your paid. preference. * If these dates are not convenient or you Here is our September programme* wish to go later please contact us and we will do our best to accommodate you. MOROCCO, (Ceuta/Tangier) 2NIGHTS; 3 DAYS Contact us on our free phone numbers to 6th September – 8th September talk to our dedicated consultants who will 13th September – 15th September be happy to help you arrange a property inspection programme or help you to Departing from Gatwick, Manchester, decide what and where you would like to Dublin to Malaga ₤199 per person purchase. MOROCCO, (Saidia) 2 NIGHTS, 3 DAYS Free phone: 27th September -29th September UK: 08000 664 980 / IRE: 1800 760 196 or email: info@redhothomes.co.uk Departing from Gatwick, Manchester, www.redhothomes.co.uk Dublin to Malaga Private Jet connection to Saidia* ₤199 per person 11
  13. 13. Ref: BD237 Making Your Purchase & Buying Costs When you have decided on the property when all payments are due and help you with advisor. you wish to purchase, it will be necessary any questions concerning your purchase. Buying costs to make a deposit starting from 3500€ (incl. 50% legal admin fee). You should have this You will also be contacted by HiFX available by credit card or cash (euros). This our recommended currency exchange Buying a property in Morocco differs from deposit will reserve the property for you and organisation. They will demonstrate to you the purchasing process in the UK. It is it will be removed from the market. This how you will be able to save considerably necessary to allow an additional 6% of the reservation fee forms part of your deposit on your currency payments overseas. purchase price for taxes, notary and legal due upon signing the Private Purchase fees. Contract, which is generally due thirty days Finally our after sales team ‘The Diamond later. Experience’ will contact you to introduce themselves and will be on hand to help you Immediately after you return home you will with any questions relating to the purchase be contacted by Worldwide Legal Services of your property. our legal advisory service. They will offer to appoint an English speaking lawyer for Should you require a mortgage for your you and act as an interface between you purchase or to make multiple purchases we and your lawyer, throughout your purchase will be pleases to advise you. Tax issues ensuring that you are kept fully aware of should be discussed with your own tax 12
  14. 14. Ref: BD237 Mortgages - Helping your Investment Interest only mortgages Repayment mortgages Although, Morocco is a recent emerging As the name suggests, only the interest Generally repayment mortgages last for market there are now several mortgage is paid on this type of mortgage and the 25 years. The borrower will repay both the products available to non-residents that entire purchase price is repayable when the capital borrowed and the interest charged on will enable you to comfortably afford your purchaser decides to clear the mortgage. the entire sum. purchase or for you to take advantage of Interest free mortgages are only available multiple purchases, thereby enhancing your Example for a limited time of three years. investment. Purchase price: 80.080€ Example 40% deposit: 32.032€ Although, not as developed as in Spain, there Purchase price: 80.080€ Mortgage: 48.048€ are several routes available. Purchasers 40% deposit: 32.032€ from the UK and Ireland can release equity Mortgage: 48.048€ Monthly repayments on a 25 year typical on their home property, repayment and repayment mortgage on 6.32% interest interest free mortgages are also available Monthly repayments on a typical interest would be only 319.04€, which is only to borrowers on both off-plan and resale only mortgage on 5.5% interest would be 10.48€ per day. properties. only 220.22€, that’s only 7.24€ per day. Equity release For further information contact the Diamond Experience on Free phone: A popular method for UK and Irish UK – 08000 664 980 / IRE: 1800 760 196 purchasers is to release the equity release from their property at home. 13
  15. 15. Ref: BD237 Worldwide Legal Services NO OTHER GROUP OFFERS SUCH Worldwide Legal Services is an interface Your purchase will be tracked throughout AN ALL EMBRACING PACKAGE OF between overseas purchasers and lawyers. the entire procedure and you will be advised BENEFITS TO OVERSEAS PROPERTY Their service ensures that correct procedures when payments are due. The team is at your PURCHASERS are followed to ensure your property purchase disposal to obtain the answers to any of your in Morocco goes smoothly. Providing a legal questions concerning you purchase. UK 08000 664 970 / IRE 1800 760 195 fully independent legal advisory service Email: utilising a panel of Moroccan Bar registered The advisors are available by free phone info@worldlegalservices.co.uk bi-lingual lawyers, all of whom specialise in during office hours. http://www.worldlegalservices.co.uk/ property transactions. 14
  16. 16. Ref: BD237 The Diamond Experience The better way to buy your overseas A website full of important information Property Holiday Swap Service property at your finger tips The Diamond Experience has devised a When you have made the decision to As soon as you have purchased your property unique holiday property swap programme purchase an overseas property, The you will receive regular updates via the that will enable owners to swap their Diamond Experience can help you achieve member’s section of the website. You will property, with another member, allowing the maximum return and pleasure from your be able to access FREE updates on your new each to enjoy the benefits of the a different new investment. Providing a dedicated team property, a wide range of discounts on other resort. Even if you have chosen a ski to assist you, whilst you sit back and relax in items and a dedicated call centre, which will property in Bansko, there is no reason why the knowledge that your interests are being be on hand to take your call on a free phone you cannot enjoy a holiday on the tropical taken care of, whilst guiding you through number and happily answer your questions. islands of Cape Verde. the first steps of your purchase right up to At your side the handing over the keys and beyond. When nearing the completion date for Money saving benefits your property, you will be guided through Just have a look at the benefits on offer the completion process, including a FREE free of charge to members of The Diamond completion check (snag list), essential in Experience programme. (However, should order to allow your lawyer to complete on you decide not to join the membership the purchase. program we can still offer you our services on an individual fee basis). 15
  17. 17. Ref: BD237 The Diamond Experience Benefits for Members • Corporate accommodation rates for pre • Worldwide Property Swap Service completion visits • Call centre Contact us on Free phone: UK 08000 664 980 / IRE 1800 760 196 • Priority quotations from UK FSA, • Members only area of the website insurance company Email: info@thediamondexperience.co.uk www.thediamondexperience.co.uk • Access to photos and updates of your new • Liaising with developers and financial property services ( one point of contact) • FAQ section put together using feedback • Regular updates from clients • Coordination of any out source work • Deal with unforeseen / arising issues with requested by members a satisfactory resolution time. • New benefits being added on an ongoing • A complimentary airport collection basis • Total peace of mind that every eventuality is covered 16
  18. 18. Ref: BD237 Red Hot Homes For further information on prices, availability and Red Hot Homes is an established international We are committed to providing a thorough, the latest new releases contact your agents who will team with over 200 years experience professional service starting from first contact, be happy to spend as much time as you wish to help (collectively), offering the best choice of choosing a property, arranging inspection trips, legal you decide where and what to purchase. off-plan, new and exclusive developments in and financial advice, through to our extensive after latest emerging markets. sales services. All clients will be guided by our own highly trained property professionals, who live and All properties featured have been thoroughly work within the regions and are familiar with the researched by our professional Product local purchase practices. and Legal departments to ensure that they exceed all the necessary criteria, offering Red Hot Homes take pride in offering the best you the best locations, design and hottest personalised service within the industry, providing investments with highest capital growth and options for long, mid or short-term property rental potential, sometimes with the rental investment opportunities in all the hot spots around income guaranteed! the world. 17

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