Property for Sale on the Costa del Sol, Spain

Situated in North Africa, Morocco offers a vibrant mix of cultures and experiences that make it a land of contrast. However, this is not all that Morocco has to offer. There are mountain ranges that offer fantastic skiing opportunities and coastlines with beaches that rival anything Europe has to offer. The Moroccan tourist & real estate industry has been growing in recent years and has been boosted by a number of factors. The country's ruler, King Mohammed VI, has expressed a wish to make Morocco into the next Dubai, by attracting world class developers and advancing the infrastructure of the country to rival anything that Europe or Dubai has to offer. By the year 2010, Morocco is aiming to attract in the region of ten million visitors per year. In terms of location, the country is perfectly situated to offer, not only a fantastic investment opportunity but also a perfect location for any holidaymaker.

• Morocco offers great value for money with a low cost of living.
• There is no tax on rental income for the first five years.
• No inheritance tax if you leave your property to a family member.
• It represents a sound investment opportunity and excellent value for money.
• Capital gains tax is 20% on profits over 60,000 Euros. After five years that goes down to 10%, and after ten years there is no capital gains tax.
• Mediterranean type climate and lifestyle with prices typically 1/3 of what they are in Southern Spain.
• Projected capital growth (estimated at 15-20% per year).
• Average property prices at the moment ranging between 100.000 GBP & 125.000 GBP.
• It’s less than 3 hours flying time from the UK.
• Tangier airport is in the middle of a multi-million dollar refurbishment program to increase its capacity in anticipation of an increase in tourist numbers.
• The Open Skies agreement will open Morocco up to low cost airlines.
• “Easy jet already flies into Marrakech and Ryan air has recently announced a five year deal with the Moroccan government to supply 22 routes into the country.
• ‘Vision 2010’ will increase tourism levels, improve infrastructure and revolutionize the property market.
• 3,500km of Atlantic and Mediterranean coastline that offers the greatest possibilities.
• The Moroccan government is actively seeking and supporting property investors.
• There are endless fascinating places to visit and explore.

King Mohammed VI has in recent years made great headway in opening the economy to foreign investment and trade as well as making financial reforms which will encourage the continued growth of the Moroccan economy.
• Emaar Properties, the world's number one property developer, has further strengthened its position in the Moroccan market with the company's investments reaching AED 25.3 billion covering six real estate projects across the country.
• Fadesa Inmobiliaria SA said it will invest €450 million in its first tourist resort project along the Atlantic coast in Guelmim-Smara, a further €470 million to promote a residential complex in Smir, plus a €300 million in a project in Tangiers.

• Another Spanish company Maexpa has been investing in Moroccan real estate as well as in other projects.
• Property firm Qatari Diar aims to build a resort with hotels, holiday homes and a golf course in northern Morocco worth $335 million,
• TATA Consultancy Services also plans to move into Morocco by setting up an offshore services delivery centre for the French and Spanish speaking worlds.

• Fadesa, currently immersed in a merger with Grupo Martinsa, bringing the amount of investment in Morocco since 2000 to three billion Euros.
• Spanish construction group, "URBAS" has invested about USD 1.1Mn to open a branch in Tangiers to follow up the real-estate investment projects

This is great news for potential investors into Morocco.

Work is expected to start in 2008. The ferry between Tangier in Morocco and southern Spain is the traditional way people have traveled from Africa to Europe. That could change if a tunnel is built between the two continents.
The huge investment in the infrastructure of Morocco is providing a unique opportunity for the foreign property investor.
If that is the case, Africa and Europe, which split apart millions of years ago, could soon be joined together again permanently via a tunnel.

In an article entitled "Tangier the new Dubai” it is noted that by 2010, the northern city of Tangier will turn into "one the most important Free Enterprise Zones in the world and the main trade gateway to more than 600 million people across Europe, West Africa, North Africa as well as North America."
The Kingdom has secured one billion Euros of private investment to develop the region into a modern, forward-thinking place with the kind of high-tech infrastructure that goes with it

A growing linkage with the EU underpinned by the European Neighborhood Policy should provide an important incentive for foreign investors to utilize the new free trade zones
The Tangier Exportation Free Zone is a protected free trade environment where companies from around the world can operate tax-free.
According to the experts, Tangier is the new land of golden opportunity for those seeking to invest in property overseas. King Mohamed VI and a consortium of private companies have taken a leaf out of Dubai’s book and joined forces to capitalize on Morocco’s strategic position between the European and African continents.

Dreamlife Properties S.L.
The Lansdowne Building, 2 Lansdowne Road, Croydon, CR9 3ER United Kingdom.
UK Tel: 0044 (0) 208 263 6097 UK Fax: 0044 (0) 208 263 6100 Spain Tel: +34 610 315 408
E-mail: info@dreamlifeproperties.com www.dreamlifeproperties.com
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