Frequently Asked Questions
Answers to the most important questions about buying real estate in Marrakech - based on 26 years of experience
Legal Questions
Yes, foreigners can easily purchase real estate in Morocco. There are no restrictions on property acquisition by non-Moroccans. You have the same rights as Moroccan citizens when it comes to buying, selling, and owning property.
You need: Valid passport, proof of income/financial capacity, bank statements, and in some cases a certificate of non-conviction from your home country. I will help you prepare all necessary documents and guide you through the entire process.
The process includes: 1) Property selection and viewing, 2) Price negotiation and preliminary contract, 3) Document verification and due diligence, 4) Notarial deed preparation, 5) Final signing and property transfer. The entire process typically takes 4-8 weeks.
Financial Questions
Additional costs include: Registration fees (approx. 6% of purchase price), notary fees (1-2%), real estate agent commission (2-3%), legal fees, and translation costs. I provide you with a detailed cost breakdown in advance.
Yes, some Moroccan banks offer mortgages to foreigners, typically up to 70% of the property value. Requirements include proof of income, down payment of at least 30%, and sometimes a Moroccan guarantor. I can connect you with specialized banking partners.
Annual costs include: Property tax (0.1-0.3% of property value), utilities, maintenance, insurance, and management fees if applicable. For rental properties, you'll also have income tax obligations.
Property Types & Locations
Riads are traditional Moroccan houses with central courtyards, typically located in the historic Medina. They feature authentic architecture and cultural heritage. Villas are modern properties with gardens and pools, usually in newer districts like Gueliz or Palmeraie, offering contemporary comfort.
For rental income: Medina (riads for tourism), Gueliz (modern apartments), Hivernage (luxury properties). For capital appreciation: Palmeraie (villas), new developments outside the city. I analyze each area based on your investment goals.
Key factors: Building condition and structural integrity, legal documentation and permits, neighborhood development potential, access to utilities and infrastructure, parking availability, and future development plans in the area. I conduct thorough inspections with you.
Practical Questions
Typically 4-8 weeks from offer acceptance to completion. This includes due diligence, document preparation, and notarial procedures. Complex cases or financing can extend this timeline. I keep you informed at every step.
You must be present for the final notarial signing, or you can grant power of attorney to a representative. I can arrange for legal representation if you cannot travel to Morocco for the completion.
I can connect you with reliable property management companies for maintenance, rental management, and guest services. Many of my clients successfully rent their properties to tourists or long-term tenants. I provide ongoing support even after purchase.
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