Morocco;Investment Oppoitnnity

Morocco is growing econonnically at a fast rate and testament to the King's commitment in turn ing Morocco into a major tourist destination is the large project being undertaken near Melilla. However, the Atlantic coast of Tangier south of Cape Spartel offers white sandy beaches that stretch for over 40km and which are still untouched in the main by human development.

Recent laws passed in Morocco protect these littoral stretches and new developments on the beachside of the coast road can only be undertaken if there is already a structure there or if a project has already been approved.

Hotel Apartamentos Sol is pre cisely one such development. However,it is real estate with a dif ference.It is located exclusively on the first cove as one travels down the Atlantic coast of Morocco and is only five minutes away from Tangier's international airport.

When you buy at Hotel Aparta mentos Sol you purchase the right to use your apartment forever. You can also opt to have it rented out for any period of time in the year when you are not using it.

The H-Apartamentos Sol manage ment company is entrusted with the renting out of the apartments and returns are estimated at over 8%.If you choose to sell there i^ no Capital Gains Tax to pay as you are selling the right of use rather than the apartment itself.Similarly,there is no Inheritance Tax to pay should you leave it to your next of kin.

Tour operators are increasingly targetting Morocco amd this means that idyllic sites such as H-Apartamentos Sol will be very much sought after by ex-pats. There are very cheap flights operating from Europe to Tangier international air port.The crossing from Algeciras to Tangier by sea takes only about half an hour and the drive from there to the complex is just 15 minutes.

Prices start from only 123,000 € (plus VAT)for two bedroom apart ments(60m2 plus 14m2 of terrace) and the penthouses of180m2 which have three terraces sell for 360,000€ plus VAT. The amenities include a gymnasium, swimming pool, paddle tennis, gardens and a first class restaurant all run by a Spanish company.

For further information please call 56280000.