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Investing in real estate in Morocco, particularly in Marrakech, is a lucrative option for many investors, local and foreign. Villas in Marrakech are particularly popular, whether for personal residence, short-term rental (AirBnB, Booking, Trivago, etc.) or long-term investment. However, it is essential to understand how real estate capital gains are taxed when reselling a property in Morocco, as this can significantly impact your profits. This article will look at the fundamental aspects of taxation linked to real estate capital gains in Morocco.
The Marrakesh Museum has an eclectic collection ranging from contemporary art to Qur’anic inscriptions, with local ceramic work, textiles, and coins thrown in for good measure. For most visitors, the real highlight of a visit here is the building in which the museum is housed. The Dar Me’nebhi was built in the early 20th century and was once home to a minister in Morocco’s government. The architecture is a harmonious blend of local North African form with Portuguese elements, and features an extremely impressive central courtyard area complete with a lavish chandelier.
Chefchaouen (or Chaouen) is a gorgeous mountain city in northeastern Morocco. The picturesque medina, set against the dramatic backdrop of the Rif Mountains, is filled with white-washed homes with distinctive, powder-blue accents. It is a popular shopping destination offering many native handicrafts that are not available elsewhere in Morocco, such as wool garments and woven blankets. The goat cheese native to the area is also popular with tourists. The region around Chefchaouen is one of the main producers of cannabis in Morocco. Hashish is subsequently sold all over town, but is mostly the domain of native Chaouenis.
This golden-stoned adobe kasbah (fortress) thrusts dramatically out of the earth amid scenery that wows all who visit. It’s a fairy-tale place, and unsurprisingly the orange-hued turrets and curvy lanes inside have become a favorite film location for Hollywood due to the surreal beauty of the place. You can even sleep within the kasbah if you want the full Ait Ben Haddou experience, though those who like their creature comforts should be aware that there’s no electricity within the fortress itself. If you’re heading out into Morocco’s inland regions, it should definitely be on your must-visit list. Try to come in the early morning or later in the afternoon, as the tour bus crowds descend from around 10am to 2pm.
On September 8, 2023, a devastating magnitude 7 earthquake struck Marrakech and its surroundings, causing significant material damage, taking the lives of more than 3,000 people and destroying entire villages, particularly in the Al-Haouz region. Beyond the human tragedy, this natural disaster has raised questions about the future of two major economic pillars of Marrakech: real estate and tourism. Marrakech, considered one of the pearls of the kingdom, has seen its real estate landscape flourish over the years, with a harmonious mix of traditional riads, modern villas and residential complexes. See additional information on luxuriouspropertiesmarrakech.com.