September 14, 2011 9:24 PM EDT
Domestic and international demand has helped boost growth in the Moroccan property market, it has been asserted.
Nik Kapur, director at M2Morocco.com, explained that there are an increasing number of opportunities for investors in the country’s real estate sector.
He noted that rental values in many of the nation’s main cities are continuing to rise, which could bode well for anyone who buys a home with the intention of letting it out.
“Average yields are far higher than can be found in most developed countries and there is strong demand for holiday lettings in tourist hotspots like Marrakech,” Mr Kapur stated.
He added that the government is hoping to incentivise real estate investors by offering tax breaks – such as removing capital gains and inheritance tax from properties in the nation.
Earlier this month, a spokesperson for Aerium Atlas Management – which is currently working on four developments in Morocco – told Gulf News that the country has been largely unaffected by the political upheaval taking place in other parts of the Arab region.
