Who
can buy Property in Morocco?
Any investor, resident or overseas buyer can purchase
property in Morocco. Residents from any country in the
EU or the USA are particularly welcomed in Morocco.
Is it possible to get a
mortgage to help finance your Morocco Property purchase?
Yes it is possible to obtain mortgages on Moroccan
properties. 60% - 70% is relatively standard but it
depends on your personal situation.
Do I need to open a bank account in Morocco?
Yes as a buyer you will need to have a Moroccan bank
account but only in time for the completion of the
purchase. We will ensure that you are instructed of
exactly what is required from you at all stages of
the purchase.
How do I transfer money to Morocco?
You can use your own bank or a currency-exchange broker
such as Moneycorp. We reccomend using a FX company
such as Moneycorp when transfering large sums of money
as it can save you considerable amounts.
What is the payment structure
for Morocco Property?
The exact payment structure on property in morocco
varies from development to development and from developer
to developer. In general there is a deposit required
of between 15% and 40%, sometimes an interim payment
and then the remainder on completion. Please contact
us for more information on the morocco property you
are interest in.
What are the additional required purchasing
costs?
Generally in Morocco around 5% - 6%
is required in addition to the property purchase price
to secure your property. These fees are broken down
further in the example below:
Stamp duty: 2.5%
Legal Fees: 1.1%
Notary fees: 0.5%
Land Registry: 1.5% to 2%
Is it possible to rent the property in Morocco out?
Of course. The reason many people invest in property in Morocco is to operate a "Buy to Let" strategy and aim to generate a good solid rental income whilst the value of their property appreciates. Morocco has a solid rental market with occupancy around 85% in the high season and expected to rise as Vision 2010 matures. Ask us for more information on property management.
What is the tax situation
for a property purchase in Morocco ?
Morocco offers some favourable tax options to overseas
property investors to find out more you can visit
our Morocco property tax
section.
Is it possible to sell
a Morocco property prior to completion?
Yes most of our developments have this written in the purchase contract. If this is an important part of your investment strategy then it is important to confirm if flipping or reselling prior to completion applies to the properties of your choice. Be aware that often times an additional administrative charge will be assessed for this service.
