You’ve wanted to own foreign real estate for a while now and you’re ready to pull the trigger. Morocco draws lots of foreign investors and a recent study showed that about 70 to 80 percent of Moroccan luxury real estate sells to foreign buyers, like you!
Many buyers fall in love with the rich culture of Morocco. But, there are tons of other reasons to invest in Morocco real estate.
We put together a list of our top five reasons to buy real estate in Morocco. Keep reading to find out why so many people flock to Morocco.
1. Political Stability
Some people feel apprehension about buying property in Africa because of the news reports of political unrest. This isn’t a problem in Morocco! You can rest assured that the country won’t explode into a political uprising.
2. Steady Economic Growth
It’s also important to look for countries experiencing economic growth. You don’t want to invest in property in a destitute area or one in economic decline.
Over the past few years, Morocco’s economy has grown by about 6% each year! Also, during recessions in the past, the housing market in Morocco stays stable for the most part. Many other countries have a more volatile housing market.
3. Rental Property Is In Demand
If you don’t intend to live in your Moroccan home year-round, you may want to rent it out. You’ll find it easy to make a profit on rental in Morocco because those kinds of properties are in demand right now!
4. Inexpensive Prices Of Morocco Real Estate
Another reason people are rushing to invest in property in Morocco is the high value of the properties. The price per square foot sinks way lower than similar properties in Europe!
To find the best combination of price and quality of the property, look around major cities for available real estate. You’ll find a higher concentration of available properties in those areas.
5. Moroccan Loan Availability
Most people take out a loan when they want to buy real estate. But, not all countries allow foreigners to take out a loan for real estate from their banks.
Morocco welcomes anyone to apply for a loan from a Moroccan bank, regardless of national origin. Morocco makes it super easy for people to buy and sell real estate. Have a look for yourself and read this article about Moroccan real estate.
More To Love About Morocco
It’s a stunning country with the richest and most vibrant cultural history. That’s why so many people feel the desire to visit and buy property in Morocco.
With these and so many other reasons to buy Morocco real estate, what do you have to lose? It’s well worth the investment and you’re sure to fall in love with the country as well.
We hope you enjoyed reading this article and that you learned some compelling reasons to buy property in Morocco. For more helpful articles about business, real estate, and more, check out the rest of our blog today!