Saturday, January 12, 2008
Real Estate Property Investment Series: Focus Morocco 2007
The Moroccan government realised that the way forward for their nation in terms of creating employment and boosting the economy significantly was to increase tourism and to create an environment so attractive for investors that they would come in their droves and buy up real estate stock.
To that end the government has been promoting Morocco around the world there is a permanent stand at Walt Disney world resort in florida heralding the virtues of this North African nation that practically touches Europe across the Mediterranean sea that divides it from mainland Spain for example, and now the skies over Morocco are open to cheap flight operators from across Europe and the UK. The nation has year round sunshine and is directly south and a short flying time from affluent western Europe and all of these factors are starting to affect Morocco positively.
In 2006 in the first nine months alone tourism traffic was up almost 10% on the previous year with revenue generated from tourism up almost 30% which proves that the government are targeting the right sort of tourist i.e., the ones who come, stay, enjoy and spend money in Morocco! looking to the longer term the Moroccan government has plans to increase tourism until 10 million visitors annually enter the nation by 2010. There are even plans afoot to build a tunnel under the sea to connect Morocco to Gibraltar in Europe
But why all this information about tourism I hear you ask?
Because it is the tourism market that property investors in Morocco are targeting. On the one hand they are targeting those seeking villa and apartment rental and on the other hand they are aware that todays holiday maker is tomorrows second, retirement or holiday home buyer. And investors really are in Morocco buying up and developing real estate stock. Already six brand new coastal resorts are in the planning and development stages, money is flooding in from Dubai and Qatar based development companies and European buyers are purchasing off plan knowing full well that their real estate assets are appreciating even before they are completed and handed over. Buyers in 2007 have a chance to buy in ahead of the continued predicted rise in tourism and before Morocco is established in many peoples minds as a place to invest in real estate.
Consider buying off plan and flipping stock or better still, simply buying and renting to the tourism market on the Atlantic or Mediterranean coasts or in the mountainous ski resort of Oukaimeden. rental income is earned tax free in Morocco for the first five years and those who hold property for ten years or more pay no capital gains tax when they resell, furthermore one is not subject to local inheritance tax in Morocco either. In conclusion - Morocco offers an investor a wealth of opportunity. Basically an investor needs to consider his preferred investment approach and his target market and then seek suitable real estate with room for growth or with prospects for returning good yields.
Rhiannon Williamson writes about property investment worldwide, to read more about property investment in Morocco in 2007 and beyond visit her site http://www.amberlamb.com
Anxiety Yoga New YorkHit Straight Drives
A lot of golfers really battle to hit straight drives and getting off to a good start is such a confidence booster. There is nothing better than a good drive at the start of a round of golf. You will have a great day if you can hit straight drives off every tee.
The secret to straight driving is technique and confidence. If you have ever hit a straight drive then you can do it again. Its in there somewhere and all you have to do is find it and repeat it time and time again.
Many a bad tee shot is the result of tension especially on the first tee of an important round or when there is a crowd around. The result is the player gets tense and so the whole body, starting from the grip and going right through the arms, legs and torso, is overcome with tension. The result can be embarrassing and shake a players confidence.
Remember when playing that the woods are a little bit longer than the irons and therefore a slightly flatter swing plane is required (dont adjust for this because of this article!). In many cases pulling out the driver is a habit and is sometimes not even required. If you have a 350 meter/yard hole you can probably easy take two six irons to get there. Why make it more difficult by playing a driver?
A very good way of grooving the swing and getting confidence to hit straight drives regularly is to practice with a shortened back swing. When you go to the range shorten your back swing to 75%. Make sure you accelerate evenly through the ball and make a full follow through.
As you do this more and more at practice your big muscles will groove themselves to perform the same when you go back to a full swing. Try it youll be amazed at the results. You may even find that with a shortened back swing the loss in distance (if any) is so negligible that with the extra accuracy it is not worth worrying about.
Standing on the first tee knowing that you will be in play after your tee shot is a huge confidence booster. No-one ever worries about who plays the second shot first yet we all want to smack the longest drive. funny thing the ego (intended for the men out there ladies dont seem to worry about this too much).
Give it a try I guarantee you will hit straight drives more often than you do at the moment.
As a qualified EGTF golf professional teacher I get great pleasure in helping people improve their game. Why not head over to Better Golfing and take up my challenge to reduce your golf handicap by 25% within 6 weeks?
Alison Teacher Tyler Vegetarian Yoga