Rental yields in Marrakech: what can you expect?
Rental yields in Marrakech: what can you expect?
A booming property market
Marrakech, the ochre city of Morocco, has become a must-see tourist destination in recent years. Its sunny climate, rich cultural heritage and breathtaking scenery attract millions of visitors from all over the world every year. This influx of tourists has boosted the city's property market, making it one of the most popular destinations for rental investment.
Property prices in Marrakech have risen steadily in recent years, with an average annual increase of 10%. This upward trend is set to continue in the coming years, making Marrakech the most attractive city in Morocco. Marrakech a promising property market for investors looking for high rental yields.
With its strategic geographical position at the crossroads of Europe, Africa and the Middle East, Marrakech also attracts investors foreigners, attracted by the opportunities offered by the city's property market.
Attractive rental yields
Investing in property rental in Marrakech can be a profitable option for investors. With relatively low purchase prices compared with other tourist destinations, investors can expect a gross rental yield of between 5% and 7%.
In addition, strong demand for holiday rentals in MarrakechThanks to the influx of tourists throughout the year, property owners are able to rent out their properties at attractive rates, with a high occupancy rate. This dynamic property market makes the city very attractive to investors looking for a return on their investment.
However, it is important to note that rental yields vary depending on the area of the city, the type of property and the rental period. The most popular areas, such as Guéliz, Hivernage and the medina, offer higher rental yields than areas further from the city centre.
How to maximise rental yields in Marrakech
To maximise rental yields in Marrakech, it's important to choose the right property and location. Properties located in the city's most popular tourist areas can generate higher returns. It is also advisable to choose quality properties that are well maintained and equipped with all the amenities needed to attract travellers.
It is also advisable to work with reputable local estate agents to facilitate the rental management of your property. These agencies can take care of finding tenants, managing reservations and handling financial transactions, while giving investors peace of mind.
Finally, it's essential to keep a close eye on market trends property in Marrakech and find out about the new rules and regulations governing tourist lettings to ensure a profitable and sustainable investment.
Tax benefits for investors
As well as attractive rental yields, investors in Marrakech property can also benefit from tax advantages. For example, rental income is exempt from income tax for the first 3 years following the purchase of the property.
In addition, foreign investors benefit from the same tax treatment as local residents, with a tax rate set at 20% for property income. Finally, the sale of a property held for more than 5 years is exempt from capital gains tax.
Conclusion
All in all, investing in rental property in Marrakech can be a promising opportunity for investors in search of profitability. With high rental demand, affordable purchase prices and tax advantages, Morocco's Ochre city offers attractive potential for property investment.
However, it is important to study the market carefully, choose your property carefully and surround yourself with professionals to maximise rental yields. By following this advice and keeping abreast of market developments, investors can expect attractive rental yields in Marrakech. Don't hesitate to call on experts in the property market to guide you in your investments, and take advantage of this booming city to grow your assets.
