Morocco Property FAQ

Morocco Property FAQ

What economic and political situation will I find in Morocco?
Morocco is a “De jure” constitutional monarchy, with an elected parliament. The King of Morocco, with vast executive powers, can dissolve government and deploy the military, among other prerogatives. Opposition political parties are legal, and several have been formed in recent years.



According to the African Development Bank, the GDP of Morocco accounts for 7% of the African continent. Morocco is the fifth economic power of Africa with an annual GDP of $152 billion, after South Africa, Egypt, Algeria and Nigeria. (2001)

Morocco's largest industry is the mining of phosphates. Its second largest source of income is from nationals living abroad who transfer money to relatives living in Morocco. The country's third largest source of revenue is tourism.

Is it allowed for foreign nationals to own property in Morocco?
The answer is yes, any investor - no matter their nationality - is allowed to purchase property in the country.

Which is the best way to go to Morocco?
The best way to travel to Morocco is by plane or if you are departing from Spain by ferry. Morocco’s national airline is Royal Air Maroc (AT) (website: www.royalairmaroc.com). Other airlines serving Morocco are Ryanair, EasyJet, Air France, Alitalia, British Airways, KLM, Lufthansa and Swiss Airlines. Direct flights from all major European cities are fast and frequent.

Why Morocco?

• Huge government investment - King Mohammed's tourism drive "Plan Azur" aims to attract Morocco to 10 million tourists to Morocco by 2010.
• Economic reforms and relaxation of tax laws in Morocco have been introduced to encourage foreign investment.
• Massive improvements to the country's infrastructure with the construction of new motorways, airports, marinas, golf courses and luxury holiday resorts.
• Increase in tourism has created a captive rental market.
• Morocco has signed an "Open Skies" Agreement with the EU allowing low cost carriers to fly into the county and already Easyjet and Ryanair have added the country to their destinations.
• Very low cost of living.
• Fantastic Mediterranean lifestyle - similar climate to Spain and beautiful unspoilt beaches.
• Unique culture with many sites of historical interest to explore.
• Ongoing collaboration with the European community - introduction of free trade zone between the EU and Morocco in 2010.
A modern, liberal Arabic state with a steadily growing economy