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Advice on Buying Morocco Property
Wednesday, August 29, 2012, 3:18 AM
[General]
There are numerous tourist developments planned for construction on both of Morocco Atlantic and Mediterranean coasts over the next 5 years. These properties will include apartments,beijing massage service, villas, townhouses, golf course and 5* hotels. With Morocco close proximity with Europe and with major investments also planned for new roads and high speed train, the future for Morocco is assured as a destination for international tourism. >
Any investor can purchase a property in Morocco and purchasers from the EU are particularly welcome. As a prospective property purchaser in Morocco you will have to have a bank account with a Moroccan bank to handle your transfer of funds,beijing erotic massage,Preventing Machine Failure Through Laser Shaft Alignment Equipment, and should you require a mortgage to assist with property purchase, mortgages are available up to 70 -7 to 40-6
Legal Fees 1.1
Land registry 1.5
Apart from electricity and water charges, you can expect to pay a nominal community charge in the region of ?0 per month ensuring the upkeep of your property.
Many purchasers want to take advantage of the tourist boom by renting out their property. There are no restrictions on this in Morocco and there are no taxes payable on rental income achieved during the first 5 years.
These guidelines are meant for guidance only and describe a straightforward properties purchase scenario. However this information is not meant to replace proper legal advice, which we always insist you take. Tony Riley is the owner of Globespan European property portal. Please visit our estate agents directory and this Morocco property buyer's guide
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