IS IT STILL WISE TO BUY A VILLA IN MARRAKECH?
Whether you want to invest in real estate to rent, offer yourself a second home or prepare for your retirement, the real estate market in Morocco has attractive offers. Indeed, you can buy a villa in Marrakech relatively easily.
However, this is a project that you need to prepare well before you get started. In this article, you will discover that an acquisition in Marrakech is still very interesting.
WHY BUY IN MARRAKECH?
Investing in a foreign country is a bit of a leap into the unknown. However, a country like Morocco offers many benefits to those who dare to take the plunge.
EXPLOIT THE MOROCCAN SUN
Whatever the reason for your investment in Marrakech, the climate is in your favor. Indeed, with only 40 days of rain in the year, the red city wants to be attractive.
The sweetness of life arouses the interest of many. So much so that Morocco attracts up to 11 million visitors each year. But still, the internal tourist market is booming with the development of economic cities and middle class income. This is also a regular and recurring supply of customers throughout the year for weekend stays in Marrakech and holidays.
CARRY OUT MULTIPLE PROJECTS THANKS TO A SINGLE INVESTMENT
You probably want to buy a villa in Marrakech for a specific project. You can decide to rent, prepare for your retirement or you are looking for a house to spend your vacation in the sun. But did you know that with just one investment, all of these projects are achievable?
Indeed, when you invest in a villa in Marrakech, you can come and spend your holidays there as soon as you want. However, when you are not there, your villa can earn you money if you rent it out to vacationers. Specialized agencies like WEKAN take care of managing the rental in your absence. Here is something to rent with confidence.
Once retirement arrives, all you have to do is organize your move to spend your retirement years.
ENJOY TAX ADVANTAGES
Unlike France, the tax burden is lighter in Morocco. Taxes are no exception to this rule since they are less numerous. However, the municipal tax relating to a guest house, guest house or second home must be taken into consideration.
In addition, a tax exemption is applied to rental income. Thus, the profitability of your property increases if you make a well thought out rental investment with recurring income.
For those who decide to make their villa in Marrakech their main residence, other exemptions apply for a resale after a few years.
A LOWER COST OF LIVING THAT PROMOTES INVESTMENT
It is easier to afford a spacious and luxurious villa in Morocco than in France. There are several reasons for this.
A MORE ACCESSIBLE REAL ESTATE MARKET THAN IN FRANCE
The price per square meter in Marrakech varies from district to district. However, a trend emerges when compared with France. Indeed, the cost of real estate in Marrakech is up to four times less than in France, even though prices have increased due to the cost of materials.
For this reason, you can acquire, in Marrakech, a beautiful villa of 200 m² and all the comforts that go with it, for the price of an apartment of around 70 m² in the center of a large French city.
A CURRENCY LOWER THAN THE EURO
Another factor that makes investing in Marrakech worthwhile is the cost of the local currency. Indeed, to date, the Dirham is 10 times weaker than the Euro. Here again, this parameter works in favor of European investors.
A RATHER LOW COST OF LIVING IN MOROCCO
Whether you decide to buy your villa to live in or to rent it out, the cost of living is a definite advantage. The prices charged are much lower than in France. Thus, you will spend less if you live there.
On the other hand, it is an additional argument to attract tourists. Therefore, you can more easily find occupants to generate rental income. Moreover, knowing that Moroccan prices are low, tourists therefore tend to allocate more budget for accommodation. In fact, your luxury villa in Marrakech presents itself as the ideal offer.
SURROUND YOURSELF FOR A SUCCESSFUL REAL ESTATE TRANSACTION
Although it is interesting to buy a villa in Marrakech, it is still important to think about your project so that the operation remains interesting.
Invest without losing money in a guest villa
Morocco and especially Marrakech have developed enormously in recent years. The city is proving more and more attractive and this has a positive impact on the real estate market. It keeps growing.
It’s a safe bet that the trend will stay that way for several years to come. Even if these are only forecasts, it makes it easier to invest. Since the health crisis, the domestic holiday rental market in the country has proved to be relatively dynamic. To give you a more precise idea of a villa for vacation rental in Marrakech, just look at the many offers available on the web.
Call on professionals to find the ideal villa
Finding a beautiful villa that suits you is no easy task. Especially if you don’t know Marrakech. That’s why it’s important to talk to real estate agencies for help.
Source: cnews.fr
