Buying property in Morocco-attractive overseas investment

Property in Morocco is quickly becoming a favorite of foreign investors because a transparent economy and huge potential in this thriving market. The media really raise their status in major projects such as "Vision 2010", which covers the vast economic changes and updates to the tourism sector.
There has been an increase in television programmes and newspapers that constantly promote Moroccan real estate market statistics now indicate that 3 out of 5 African properties owned by Europeans abroad are in Morocco. This figure is likely to increase as the Government continues to pursue additional initiatives in favour of foreign investment and tourism, a win-win situation, as economic growth has steadily increased and foreign investors would eye much more favourable market competition among surrounding such IspaniiEgipet, Turkey and even Dubaistruggling with the pace at which Morocco properties quickly.

World travel and Tourism Council (WTTC) tourism in Morocco is set for sustained growth over the next 5 years, between two and four percent. More tourism means more accommodating; Rental property in Morocco rapidly and attracting investors in abundance. Luxury hotels were built and the entire country; in the name of Marrakesh, which will be opening 20 major 5-star hotel during the holiday season only.
Among the English, who now see Morocco real estate as better than its Spanish counterpart so do Spanish, French and Italians. When the Spanish property market is saturated with higher risk and price, the property market in Morocco is still young and a lower risk of returns.
An investor perspective Morocco property:
Excellent all year round weather conditions
Purchase tax only 1.0% of total price
State registration fee of 4%.
Legal taxes of 0.5%.
Agency Commission-owned 2.5%-3%
rental income taxable at 13.5%. Rental income is exempt from tax in the first 5 years.
20% capital gains tax if, within a period of 5 years, 10%, up to 10 years, sold 0% thereafter.
Casablanca and Marrakech real estate prices by an average of about 2, 000 m.
Local rental market provides for about 7%-10%
Real estate prices could rise by more than 35% in some hot spots