why invest in real estate in Taghazout in Morocco positive and negative aspect
Taghazout, located on the west coast of Morocco, is a small fishing village that has developed in recent years into a popular destination for surfers and tourists. Its strategic location, rich culture and pleasant climate have led many investors to consider local real estate as an attractive opportunity.
TAGHAZOUT REAL ESTATE
Investing in real estate in Taghazout, Morocco
Introduction: Taghazout, located on the west coast of Morocco, is a small fishing village that has developed in recent years into a popular destination for surfers and tourists. Its strategic location, rich culture and pleasant climate have led many investors to consider local real estate as an attractive opportunity.
Tourism booming: With its beautiful beaches and waves perfect for surfing, Taghazout attracts more and more tourists every year.
Development Projects: Projects such as "Taghazout Bay", a 615-hectare seaside resort, testify to the region's growth potential.
Pleasant Climate: Its mild climate all year round makes Taghazout attractive for those looking to escape the harsh winters.
Affordable Construction Costs: Compared to other regions, construction and labor costs in Morocco are relatively low.
Political Stability: Morocco, with its growing economy and modernization policy, offers a stable environment for investment.
Local Regulations: The procedures for buying a property can be complex and often require the assistance of a local lawyer or notary.
Rapid Development: Rapid development can sometimes overtake infrastructure, causing logistical challenges.
Seasonality of Tourism: As a surfing destination, Taghazout may experience seasonal fluctuations in the tourist flow.
Tourism Growth: Government initiatives such as "Vision 2020" aim to make Morocco one of the top 20 tourist destinations in the world, which could increase the demand for accommodation and accommodation in Taghazout.
Foreign Investment: The region is seeing increasing interest from foreign investors looking to diversify their portfolios.
Infrastructure: Continued improvement of infrastructure, including roads, airports and utilities, will support the growth of the real estate sector.
Tax benefits for foreigners: Morocco offers tax incentives to encourage foreign investment, including tax exemptions on rental income for a fixed period of time.
Transfer fees: The purchase of a property in Morocco is subject to transfer fees, usually around 5% of the value of the property.
Rental income taxation: After the exemption period, rental income is taxed on a progressive basis.
Conclusion: Investing in real estate in Taghazout presents many opportunities, especially with the expected growth of the tourism sector. However, like any investment, familiarity with the local market, regulations and taxation is essential to maximise the return on investment.