Morocco Home Buying

Buying a home in Morocco is a popular part of the world for tourists, home buying and new development buyers hunters as Morocco welcomes overseas property & home buyers. With next to no restrictions on foreigners home buying, property development areas are being erected to fuel the demand of second home owners and invest opportunity hunters.

Popular with European property home buyers Morocco government is keen to attract foreigners & drive through change throughout the entire country and home buying and property development is attracting foreign direct investment, leading the way to revitalising Morocco. Home buying and property market Morocco can offer a range of opportunities for all budgets and tastes. With Morocco being a warm climate and a country close to the equator it offers many months of sun with much less expensive property in comparison than other similar countries in the region.

Morocco has a history of home buying & property ownership without deeds it is always best to check title deeds with older property. Older townhouses and land in Morocco tend at present to pose a bite of a problem when it comes to transferring title ownership as it takes much longer to secure deeds for a home & property without deeds.

A new built home tends to provide a straight forward home buying ownership opportunity as new deeds and home ownership legal issues can arranged by your lawyer. Buying Process

Viewing trips to Morocco looking at potential property and homes.

Deal direct with home owners with older property as this tends to be the normal practice. Also a good idea to consult with a good English speaking estate agent that will provide suitable property and homes for you to look at.

View property developers new built apartments and homes.

Arrange the final price when home buying, which is another custom in Morocco.

Gain the agreement of the home owner or owners to sell the property and accept the terms.

Appoint a lawyer to conduct a survey, legal checks, title deeds check and home ownership of the property.

Preliminary contract is drawn up when both parties agree the change of home ownership that will detail all terms and conditions.

Pay a deposit at the initial agreement stage which tends to be higher than other countries.

Your lawyer will also check to see if there is any outstanding debts on the property, as the new owner would inherit all debts when home buying in Morocco.

In general a bank account in Morocco is required for the payment of property.

When your professional lawyer and you are happy with the property and all documentation then the final agreement to transfer is initiated by paying the final outstanding balance owed on the purchase of the home.

The lawyer will then officially enter the property home buying sale with the government officials. Time period from agreeing a home buying or property purchase to registering the property under your ownership can take as little as a week or months depending on if there are any issues that arise through paperwork or planning.

Fees and taxes are charged around the rate of 6.5% for buildings and land at 1% of the total sales price.

Country Facts

Population: 33,750, 000 million approximately

Area size: 274, 461 Sq miles approximately

Capital: Rabat

Language: Arabic and French also widely spoken

Currency: Moroccan Dirham (MAD)

International dialing code: + 212

Climate: Varying from region to region. Warm and sunny north, snow and cold in the mountains and of course the desert is hot in the day and cold at night.

Water: Good idea to always boil drinking water

Electricity: 220 Volts, 50 Hz

Emergencies: Police is 19; Enquiry number for Fire & Ambulance is 15

Internal telephone Code: Telephoning someone in Morocco dial: 00212 + area code + telephone number