CASE STUD­IES

The Daily Telegraph - Property - - Going Places -

David Wil­liams A com­pany di­rec­tor and chil­dren’s au­thor, David, 60, from Lan­cashire, has in­vested in two off-plan apart­ments near Tang­ier. The first, a two-bed­room pen­t­house on the Mi­rador Golf de­vel­op­ment bought in Novem­ber 2005 for £34,000 and the sec­ond, bought ear­lier this year, a two-bed­room pen­t­house on Par­adise Golf and Beach Re­sort for £75,000.

“As there are no in­her­i­tance taxes, I am plan­ning on putting my daugh­ter’s name in ad­di­tion to mine on the ti­tle deeds of one of the prop­er­ties and Nigel Saun­ders An in­vest­ment banker from Es­sex, Nigel, 44, bought a two-bed­room, ground-floor apart­ment for £128,000 on a king-backed de­vel­op­ment in Saidia af­ter see­ing an ad­vert in the news­pa­per.

“My wife and I had been to Morocco be­fore around 15 years ago and loved it, so the idea of own­ing prop­erty there re­ally ap­pealed. This is our first over­seas in­vest­ment and the only home for us to own, as our prop­erty in Es­sex is rented. As a golfer and yachts­man, I was drawn by Saidia’s fa­cil­i­ties and rea­son­able berth prices. per­haps sell­ing the other, prior to the trans­fer­ring of the deeds to avoid pay­ing any taxes. I have al­ready made good prof­its on th­ese prop­er­ties and if any more come up I will not hes­i­tate to buy them so long as the price is right. Morocco is an emerg­ing mar­ket.”

“The prop­er­ties come fully fur­nished, right down to cut­lery, flat-screen TVs and king-sized beds. Our plan is to rent it out for the high sea­sons. Go­ing on an in­spec­tion trip and ac­tu­ally see­ing the pro­posed site re­ally helps to quash any con­cerns.”

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