A Favorable Tax System
The Moroccan luxury and prestige real estate marketplace has various specificities linked to the different existing duties and to the nature of the properties – villas, apartments, Riads, plots of land for sale on the real estate market.
You have to know that, as foreigners, you are entitled to several tax incentives. The guarantee to be allowed to transfer back, net of related taxes, the income from the sale of your real estate property. This means the real estate investment plus the profit achieved in Morocco being transferred back to your home country, in unlimited amounts and for an unlimited time. If the real estate property which you have just purchased was newly built, you will be exempted of the rental revenues during 3 years and to deduct the urban tax during 5 years. If you wish to sell your real estate property and it has been your main residence for at least 6 years, you will be exempted of the value-added tax on your sale. BARNES Marrakech will safely advise you and introduce you to the best tax specialists.
If you wish to sell your real estate property and it has been your main residence for at least 6 years, you will be exempted of the value-added tax on your sale. BARNES Marrakech will safely advise you and introduce you to the best tax specialists.
Please, feel free to ask us for more information concerning tax systems, added tax and real estate tax liability in Morocco.
The non-residents also benefit from double taxation agreements and are not taxed twice. These treaties have been signed between Morocco and numerous countries up to a 80 % tax rebate on the principal. Invest in Marrakech, by the purchase of a villa, a riad or an apartment and benefit from a favorable tax treatment. Do not hesitate to contact us to be sent our tax documentation.
Last, Morocco being a country of rapid economic growth, you can expect to enjoy some good added values, together with a high rental return, 6 to 8 %, from your real estate investments.
BARNES Marrakech commits to support you in your real estate project and to bring you all additional information necessary to its smooth execution.
A Unique Market
Of course, Marrakech is first exceptional for its riads. Actually, to purchase a riad, you have to be living in the historic city, the Medina of Marrakech. The sale of riads as first home or as guest house is still popular. After steadily falling, the prices have levelled off and it is time for the purchasers to take advantage of these real estate opportunities.
The villas and the exceptional residences are also on the list of the most sought-after prestigious properties. The villas are generally situated either inside complexes with or without a golf - BARNES offers a selection of superb properties facing a golf and overlooking the Atlas – or in calmer areas, generally some architect villas on splendidly wooded plots of land of 5,000 up to 10,000 sqm.
The most renowned villa complexes with a golf are Amelkis, Al Maaden and Royal Palm golf courses. For remote villas on large plots of land and for the beautiful contemporary or Moroccan houses, a large choice is offered on the Road through the Ourika, Amizmiz Road, or roads to Fez and Ouarzazate. For exceptional residences which may reach 1,300,000 euros up to 25 million euros, the luxury mile with the prestigious villas is the Palm Grove district or the circuit of the Palm Grove, but also those of Dar Tounsi, Douar Abiad at the Palm Grove, Ksar Charbagh and a little further away the district of Bab Atlas.
Last, for budgets between 100,000 up to 1,000,000 euros, you will have the choice to invest in some apartments with, or without a swimming pool, of contemporary or Moroccan style. The district to purchase luxury and prestige apartments is first and foremost the one of l’Hivernage, then Guéliz and for apartments with garden and swimming pool the district of the Palm Grove, the golf residences and the Agdal.