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MOROCCO REAL ESTATE

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MARRAKECH

ESSAOUIRA
  

TANGIER

RIAD

DRISS EL OUADOUDI

Morocco person in charge
   

telephone: 01 47 55 16 62 - 06 47 83 65 36≈ Morocco telephone: (00212) (0) 76 37 31 50

                                                   driss@richifc.com 

 Why invest in Morocco?

       1. To invest in Morocco: A sure and guaranteed investment

♦ There exist three fundamental freedoms:

               - right to invest

               - right to transfer the benefit

               - right to transfer the products from transfer under certain conditions.

The investors do not have to obtain preliminary approval.

♦ a Charter of the Investment adopted in 1995 allows to the foreign investors multiple exemptions:

               - Mode of convertibility for the overseas investments realized in Morocco

               in currencies.

               - Protection of the investments and the free transfer of the capital thanks to

               51 bilateral agreements concluded.

               - Guarantee of non-discrimination between foreigners and nationals.

2. A very gravitational taxation:

               Morocco proposes very advantageous tax provisions for French, grace in particular to a tax convention between the two countries which exclude double taxation:

                          - For the people with the retirement

If a pensioner French, resident tax to Morocco, transfers in his host country the unit from his retirement pensions, it profits from an abatement of 80% on the Moroccan income tax, which, combined to other provision tax, leads toa tax rate on the rough annual income of 4%.

                          - Exemption of appreciations

Morocco envisages a complete exoneration of the appreciation of a housing occupied as main home during at least 8 years, whatever the delivery price. When the transfer is not exonerated, the appreciations are taxed at 20%.

                          - Income locatives

For the new housings or increased intended for the hiring, there exists an exemption during 3 years (according to the routing of work for new constructions or the additions of constructions) of the general tax on the income under the land incomes.

       3. Morocco: Ground of dynamism

♦ the flow of direct foreign investments towards Morocco in 2005 reached 2,36 billion euros, in increase of 185% compared to the year 2004 (829 million euros).

France is the first investor in Morocco followed by Germany and Spain.

♦ Moreover, Morocco set up a direction of the investments: this department is in charge of the aspects of promotion, prospection and reception as regards investment plan.

Thus one could see a real socio-economic development in particular thanks to job creation.

♦ the sector of the tourist is the sector headlight of the present and the future, on him only it confers immediate outputs from the big number of visitor per annum. From where an effervescence of the market of the real estate which has known for 4 years. And it is noted that Marrakech is the city or this dynamism is more striking.

♦ It is extremely easy for a foreigner to buy or sell its real goods in Morocco.

♦ the architecture of the real estate in Morocco is very varied and consequently, he proposes to you a multitude of choice of quality according to your preferences:

                          - Riad,

                          - A villa,

                          - An apartment.

♦ Thanks to attractive prices, twice less low than in Europe, and a framework of life privileged, the Moroccan real estate market has known for several years a growth without precedent. For the 5th edition of the SMAP Immo, the living room of the Moroccan real estate in Paris, the invited city of honor was Tangier.

♦ Practical generalized of French: official language

♦ soft Climate all the year

       4. Marrakech: “the pearl of the South” tourist first destination

Basin of Ménara - Marrakech

 Since 2004, Marrakech became the first tourist destination of Morocco.

These assets:

- A cosmopolitan and sure city,

- A pleasant climate all the year,

- Many sites to be discovered or redécouvrir, in the city and in the neighborhoods,

- Many cultural activities and sporting.

- An international airport, it is the second airport of Morocco in terms of traffic after the International airport Mohammed V - Nouasser.

- The Royal Theater of Morocco

These innumerable assets make this city “Thousand and One Nights” a very required destination, appraisal of the tourists of any nationalities and during all the year.

The market evolution real estate in Marrakech is always very promising. Of course there are other cities with a strong potential of development in Morocco, but Marrakech remains the tourist destination more the appraisal.

5.Tanger: The door of the Atlantic

The beach of Tangier

- Tangier and its area offer an at the same time cultural and geographical diversity to the crossroads of the influences European, African and Mediterranean which confer on the city a cosmopolitan atmosphere that it also inherited its various occupations and its statute of international city.

These assets:

- Built at the entry of the Straits of Gibraltar, with the crossing of the Mediterranean and the Atlantic Ocean, Tangier spreads out a splendid bay with the foot of green hills.

- A moderate climate (an average of 13° in winter and 23° in summer) attracts thousands of tourists throughout the year.

- As water mixes with the Mediterranean and the Atlantic with the foot of Tangier, also the cultures mingle with it European, Arab and African. This allured mixing and fascine its visitors and its inhabitants.

- Its long beach 3 kilometers, at side even of the city, and its luxuriant vegetation méditérannéenne, make of Tangier, opened, cordial city and acceuillante, a tourist destination of choice.

Tangier knows a real boom without precedent since 2006. Indeed the country is a large building site which offers many opportunities for the investors. With its large building sites like the installation of bay and the Tangier-Med port or the construction of Tangier city, the big city of North took the train of the growth.

Result, the prices of the real estate knew a rise exceeding the 100% between 2003 and 2007. The apartments of average standing are negotiated in the neighborhoods of 10.000 dirhams (DH) the m ², either 870 €/m ² and those of high standing approximately 15.000 DH/m ², or 1.305 €/m ².

6. Example of product

Samanah Country club

Riyadh TAMIR 

Located at Samanah Country Club Riyadh Tamir with a surface of 691m ² on 2 stages including 1 avce a large terrace. This large villa is near a golf and trade.

Carctéristique:

In Rez of roadway:                        On the 1st floor:                        On the 2nd floors:

   - Entry - 5 rooms - a large terrace

   - A double stay - 4 bathrooms

   - A kitchen

   - 2 terraces

   - A space of service

   - A room of service

   - A hammam