report Marrakech offers the investment opportunity of early Dubai
on: October 9, 2007, 5:57 am
Release Author: Select
Release Summary: According to overseas property investment specialist
Select Property, Marrakech, Morocco, looks set to be the next big
Release Body: According to overseas property investment specialist
Select Property, Marrakech,
Morocco, looks set to be the next big investment hotspot.
Property is currently offering traditional apartments and riads,
and estimating 141% return on investment by completion in April
2009. These projections support the company’s claim that Marrakech
is set to become the next Dubai, where comparable
properties which sold for £60,000 in Dubai 4 years ago are
now worth in excess of £140,000.
investment potential high Select Property believes
their latest development will receive huge interest. The Atlas
Golf Resort is situated on an 18-hole golf course and comprises
1, 2 and 3 bedroom apartments, each with their own private garden
or terrace, as well as authentic 2, 3 and 4 bedroom riads. Atlas
Golf also includes a 4 star Marriott
hotel, 4 star and 5 star hotels, clubhouse, restaurants,
shops and swimming pools. The golf course will be one of 10 in Marrakech
operating by 2010, another driver boosting rental potential and
to Managing Director of Select Property, Mark
Stott, “Atlas Golf Resort, and
Morocco as a whole, have all the elements required
of a strong investment opportunity with many similarities to early
Dubai. Both leaders share a vision for the prosperity
of their nations, low land prices and labour costs, as well as the
government’s determination to bring in international investment
means that property investors can buy investment
property in Morocco at prices far lower than they encounter
in any established European market."
addition, the Morocco
property market tax situation is favourable. Capital
gains tax is low and runs between 0% and 20%, inheritance tax in
Morocco is 0% when assets are transferred to another family member
and there are no annual property taxes to pay for the first 5 years
that you own real estate in Morocco making it a
tax attractive country in which to invest”.
Property was established in 2003 with the aim of enabling
more people to benefit from the lifestyle and financial rewards
of owning a property abroad. The company searches the world to identify
those countries and regions which are considered real-estate investment
hotspots - locations which can potentially make the strongest financial
return. The investment company’s expert team then carefully
selects every development in accordance with five key principals:
ease of purchase, Price, Location, Desirability and Credibility.
By using these principles as the benchmark for each development
Select Property ensure its customers have access to an impressive
portfolio of overseas property.
Property currently offers investment property in Dubai,
Turkey, Spain, Morocco and Bulgaria.
Details: Select Property PR contact:
Lower Meadow Road
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