City guide Tangier Morocco

A City guide to Tangier, Morocco aimed at overseas property buyers buying property in Morocco

Property in Tangier is of particular interest to overseas property investors.  Tangier is very convenient to the UK and visitors are able to be there with two and a half hours.  The area is also a resort town that is situated on the Mediterranean Sea.  Tangier is Morocco’s most cosmopolitan city and in 2008 a new tunnel will link Gibraltar and Tangier. 

Tangier sees a large number of tourists, as the city is very accessible to the European mainland.  The city is the second largest industrial center in Morocco.  The area features numerous industries including chemicals, textiles, mechanicals, metallurgical and naval. Despite the large number of industry, the city mainly relies on its tourism.  Property in Tangier for seaside resorts has been increasingly popular for foreign investors.  There are also numerous real estate and construction companies that are investing in tourism as well. Tourism industries vary from beautiful sandy beaches and waterfront resorts to golf clubs, water-skiing, sailing, scuba diving, camel treks and more.  The climate is Mediterranean with hot summers and mild winters. The area is very cultural with English, French, Spanish and Arabic widely spoken.

Property in Morocco is highly desirable, however, there are many complexities and one should look for the expertise of a recommended real estate agent or simsaar.  The individuals have a good working knowledge of the property in Morocco and will help to ensure that you are getting a good deal for your money.  Property in Tangiers and Morocco are increasingly popular due to the low cost of living coupled with the no annual property tax for the first five years.  There is also a 0% inheritance tax to family that will allow you to keep your Moroccan investment in the family for many years to come.  Another great feature is that the rental property occupancy rates reach to 85% during the peak season in most years.

Useful Morocco resources

• www.morocco.com/destinations/tangier/
• www.moroccotravelandtours.com/TangierCity.htm
• http://en.wikipedia.org/wiki/Tangier
• http://www.lonelyplanet.com/worldguide/destinations/africa/morocco/