Emerging as a fast-growing property market for investors, Morocco is transforming into a stylish up-and-coming tourist destination, with prices predicted to rise accordingly. Currently undergoing serious development, the area around Marrakesh also benefits from planning permission granted for over ten golf courses to be added to the existing three. Investors can capitalize on profitable rental schemes, with the first five years of rental income absolutely tax free, and the capital gains tax reducing by 2% a year throughout a period of 10 years.