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Morocco - 2, 3, 4 Bed Developments for Sale in Essaouira

Home » Property For Sale » Morocco » Marrakech-tensift-el Haouz » Essaouira » 2, 3, 4 Bed Developments

Property ID: 483902

Development

Available units

1 Bed

60m2 - 60m2 : from €95,000 to €95,000

2 Bed

100m2 - 100m2 : from €125,000 to €125,000

3 Bed

105m2 - 105m2 : from €129,000 to €129,000

4 Bed

200m2 - 200m2 : from €435,000 to €435,000

Max rental return: 6%

Delivery date: 2009

Key Features

  • - capital growth of 10% per year
  • - rental guarantees of 6%
  • - only 15% deposit until completion
  • - 15% discount on all properties purchased before September 08!

we are proud to market this high flying and remarkable property investment opportunity on the West Coast of Morocco: 5 Star Tafedna Bay Golf & Spa Resort!

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Full Description

we are proud to market this high flying and remarkable property investment opportunity on the West Coast of Morocco.

With only 15% deposit required you have the unique chance of buying off-plan and profiting from the capital growth opportunities in Morocco. This massive resort will contain several 5 star hotels, spas, many shops and all sorts of leisure centers you can dream of.

To name a few:

3.5km of beach front
18 hole golf course
Tennis Academy
Sports Stadium housing the football, rugby, cricket, gaelic football
Athletes academy
Swimming academy
Marina with berths for motor and sailing boats
Shopping areas
Plenty of restaurants
Water sport center including sailing, scuba diving, water skiing
etc...

The focus of this resort lies on Sport and Leisure and is already mentioned in several editorials all over the world. Stars like John Barnes (Football) or Darren Gough (Cricket) are giving their reputation and expertise to the project.


Key facts about the property market in Morocco:

Morocco plans to make tourism the country´s primary export
Massive government investment in infrastructure
Plans to increase tourism to 10 million annual visitors by 2010
Booming property market
Property prices 50% less than other European resorts
Rental occupancy of 85% in peak season
Low cost of living offering luxury lifestyle at affordable prices
Open skies policy signed in 2005 allowing low cost airlines into Morocco, creating competition and lowering prices
Good transport links with UK, including new routes for Ryan Air and Easyjet
Excellent Mediterranean climate, with 320 days of sunshine every year
Only 3 hours´ flying time from the UK
English, French and Spanish widely spoken, as well as traditional Arabic
Familiar investment regime (using notary supervised registration, like France and Spain
Flexible mortgage packages available
Double tax treaty between UK and Morocco
Capital gains tax of just 20% on profits (but after five years it reduces to 10% and after ten years it is 0%)
Easy repatriation of investments proceeds
0% inheritance tax if passed directly onto a family member
Low property taxes




Discounted off plan prices:

Villa Apartment 1 bed:     € 95,000 (Deposit: € 16,800)
Villa Apartment 2 bed:     € 125,000 (Deposit: € 22,200)
Villa Apartment 3 bed:     € 129,000 (Deposit: € 22,800)
3 Bed Villa:            € 395,000 (Deposit: €69,750)
3 Bed Villa (Beach):        € 435,000 (Deposit: €76,800)


How does the investment work out (based on 10% annual growth)?

Original Purchase Price 2008
£113,793
Sales value after 8 years based on 10% av growth p/a
£243,926
Less loan
£70,000
Less investor's total capital outlay
32,759
Add total income less total mortgage costs
16,638
Total Cash made on Investor's total outlay of £32,760
£157,805

   

 

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Disclaimer

All investments bear varying degrees of risk. TheMoveChannel.com strongly discourages you from making any investment decision based upon information that you cannot independently confirm and strongly recommends that you seek advice from a qualified financial advisor or solicitor before you make any financial investment.