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.”