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All Oasis Beach & Golf Resort apartments benefit from attractively landscaped communal gardens and access to the private swimming pool and clubhouse. It's just a short walk to the exclusive beach-side Oasis Beach Bar, as well as to the many facilities of Mediterrania Saïdia which include an 840 berth marina, exclsive port shopping areas, a 1000 person conference centre, 17 Beach Clubs and three 18-hole golf courses.
Frequently Asked Questions
How do I secure a property?
An initial holding deposit of £2000 or €3000 is all that is needed to secure a property for 28 days. This gives you time to visit the project or buy ‘site unseen’.
What is the payment structure for the Oasis Beach and Golf Resort?
20% of the purchase price is payable on exchange of contracts (a deposit of £2,000 is deducted from this). A further 10% is then required on start of construction followed by a further 10% on completion of the concrete structure. The final 60% is paid either in cash or via a mortgage.
Will I be able to rent out my property?
Properties here should provide lucrative year-round rental potential because of the climate and golf facilities. An added bonus is that owners are income tax-exempt for the first 5 years.
What ongoing costs should I expect?
Running costs are set to be around £120-£160 per month, including utility, maintenance and management charges.
What is the Capital Gains Tax situation?
Capital Gains Tax (TPI) is 20% of the profit, with a minimum of 3% of the sale price. There is a double taxation treaty between the UK and Morocco as well as the USA & Morocco to ensure that this is not paid in both countries. Properties sold within 8 years or more of ownership are fully exempt from TPI. Properties sold after more than 5 years ownership but less than 10 years are subject to TPI of 10% of any capital gain over 1 million MAD (about £62,000).
What if I want to re-sell before completion?
You can sell on to a 3rd party (once the initial 20% has been paid) via a transfer contract drawn up by your solicitor.
One-to-One Viewing Trips are available now; call us for details and booking arrangements.
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