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As my husband and I are considering buying a riad to renovate in the mdina and then payday loans in fayetteville nc running it as a guest house to cover costs we would like to stay easy approval loans on the right side of the law. We dont want to make a mistake and buy something costly which we cannot recoup any rental from, in which case we will stick to looking for something of a smaller size for family and friends but again we are unclear if we are outside of the law if we take rental from this on a regular basis. If anyone can untangle this one I would be grateful is it is holding up our decision making process until we understand this better. Moroccan government has signed Open Skies agreement with EU to allow European airlines to operate at Moroccan airports without restrictions.

Year round sunshine - Hot summers, mild winters, an ideal winter sun destination. I rather put that money towards buying, in England, Spain, South of Italy, Portugal. Atleast things dont work around the whim of the King.

Ok thanks for the advice it is useful to have an update on the postion in Morocco and how things have worked out over there In comparaison with other Northern African Countries (like Egypt),Morocco has a well regulated buying process and has several tax advantages such as no income taxes for the first three years from completion if payday loans hattiesburg ms you are purchasing off-plan.

There are also tax advantages for new businesses, retirees. It is correct that there are no tax exoneration for the council taxes (unless it is your permanent home) but they are not expensive in comparaison to the UK or Europe.

I have been reading the different posts describing an investment in Morrocco as an easy and fast way to make good money whilest I still think Morocco offers great opportunities for investment I think people will have to be prepared to follow a pathway that is not as easy as it is frequently described in the forum. The open skyes policy has really been easy approval loans implemented and over the years there has been an increase in number of direct,low cost flights from Europe. I normally get a return flight for around 80 euros.

Off course anyone could decide to invest in other European countries I doubt it would be cheaper and someties you would fall into the same problems I have encountered in Morocco. I come from the south of Italy and we have seen a lot of British people coming to buy a traditional house in the countryside or in the historical centers of very characteristic small southern Italian villages. At the begining it used to be cheap, especially for those properties in need of restauration but it lasted not even a year until Italians realized that they could make good money out of it.

To my experience, when it comes to corruption the only difference between Italy and Morocco is simply that bribery in Morocco is cheaper). Five years it has taken me to bring it back to its former glory, restauring old zellije, XIV century old carved wooden balconies and plaster arch which I found condamned into a wall. I did not invest in one of the hundred of thousands of new deelopments few kilometers of the coast of Spain. I know nothing about that, apart from seeing that they all look pretty much the same and seem far away from what a lot of the tourists coming to Morocco are looking for. I easy approval loans see more wealthy Moroccans loans bad credit history interested in that sort of European style living than foreigners. On the other hand Fes, like Marrakech is flooded by tourists looking for exoctic, out of time, historical type of holiday and those people who have understood that are actually earning good money and enjoying a good return on investment. Most people that I know, including myself had to move to Morocco not only to follow the purchasing process, but the restauration, the start up and the consolidation. I would doubt of any investment in Morocco advertised as a self-managing money making deal. I would like to understand how the legislation surrounding guest houses in Marrakech works.

I have heard a number of things surrounding 3 and 5 bedroom riads which leads me to believe that nothing under 5 bedrooms can be classed as a guest house and that this legislation came into play recently. As my husband and I are considering buying a riad to renovate in the mdina and then running it as a guest house to cover costs we would like to stay on the right side of the law. We dont want to make a mistake and buy something costly which we cannot recoup any rental from, in which case we will stick to looking for something of a smaller size for family and friends but again we are unclear if we are outside of the law if we take easy approval loans rental from this on a regular basis. If anyone can untangle this one I would be grateful is it is holding up our decision making process until we understand this better. The truth is that legislation tends to change all the time and not just in general but from town to town. What has been happening in Marrakesh for example is different than Fes, the city where I decided to invest.

When I bought my house there almost six years ago I looked at properties that could be developed into a 4 bedroom guest house which was the minimum you had to have to be able to hope to get a licence to operate as a business. It secured loan rates was mandatory to have a dedicated soundproof room for customers easy approval loans to make calls!!!


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At the same time in Marakesh foreigners where complying to none of the above and still setting up beautiful businesess.

All that has changed now and and I think a lot of those silly restrictions do not apply anymore. By doing so I thought I could overcome the problem of having to constantly bribe people and authorities to go ahead on my project.

At the end it did but it has taken me 5 years to finish my project and still had to bribe.

What you need to be careful with is how you intend to operate. I mean, will you set up a company that will purchase a property and make a business out of it or will you just be a private owner that will want to run his house as a business or set up a separate company that will rent the restored property off you to run it as a business? This option will greatly influence your ability to repatriate some of the money you earn from your business or from its sale should you decide after few years to leave morocco. I think Fes would present more opportunities than Marrakesh were the prices have gone way up and you face a lot of competition. Fes however is a more complicated place: the quality of the artistic payday loans with no credit checks value of the houses in the medina is higher but that makes it more complicated to restaure. One thing for sure is that you must be there all the time to follow things up. One day you could find wall collapsing in a room full of guests and people dying because instead of fixing the cracks on the walls( what you asked and paid for) they just put a layer of plaster and made it all look nice.

There is no doubt in years gone by many investors have been reluctant to look at Africa despite the fact there have been some tremendous returns over the years.

Surely this in itself must be a driver for economic growth?

However as the population of Africa continues to grow so will demand for different types of property.

Choosing the correct country, the correct property type and getting your timing right will be the trick. I have read a number of articles of late suggesting that the African property market could be the most lucrative in the medium to longer term. Improvements in economic output, greater disposable income and an ever-growing African population will guarantee that demand for property continues to grow. There is no doubt in years gone by many payday lenders investors have been reluctant to look at Africa despite the fact there have been some tremendous returns over the years. Surely this in itself must be a driver for economic growth? However as the population of Africa continues to grow so will demand for different types of property.


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Choosing the correct country, the correct property type and getting your timing right will be the trick.

I have read a number of articles of late suggesting that the African property market could be the most lucrative in the medium to longer term.

Improvements in economic output, greater disposable income and an ever-growing African population will guarantee that demand for property continues to grow. There is no doubt in years gone by many investors have been reluctant to look at Africa despite the fact there have been some tremendous returns over the years. Surely this in itself must be a driver for economic growth? However as the population of Africa continues to grow so will demand for different types of property.

Choosing the correct country, the correct property type and getting your timing right will be the trick. I have read a number of articles of late suggesting that the African property market could be the most lucrative in the medium to longer term. Improvements in economic output, greater disposable income and an ever-growing African population will guarantee that demand for property continues to grow. A full list of our rules, terms and conditions can be found in the link below, but we have 3 strict rules that every member must adhere to: 2) No defamatory comments about property companies, developers or individuals will be allowed anywhere on the forum. As a Premium Member you have some advertising privileges in specific forums. If aaa cash advance you quiz property investors who have ventured into the Egyptian market in years gone by you will likely cash advance canton ohio come across a number of disturbing stories. It is no secret that the lack of regulation across the Egyptian real estate sector has caused controversy with developers often taking money from investors without finishing new projects. Indeed, we have heard of occasions where land has been acquired but not paid for then re-sold with the developer then disappearing. All in all this does not help the reputation of the Egyptian property market amongst easy approval loans overseas investors. Egypt is an enormous country with a population in excess of 82 million, a variety of different cultures and some extremely attractive investment markets. The economy has been a concern for some time prompting the authorities to take drastic action with a recent devaluation of the Egyptian pound. This will take some time to filter through but should attract a greater level of overseas investment with a particular emphasis on the property market.