Buying a property in Morocco can be an exciting process, but it also raises many questions, especially for foreign buyers. Below, we answer the most frequently asked questions to help you better understand the process and make informed decisions.
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1. Can foreigners buy property in Morocco?
Yes, foreigners can buy property in Morocco, although there are certain restrictions on agricultural land. Urban properties, such as apartments, houses or commercial premises, can be purchased without major complications. If you wish to purchase agricultural land, you will need to obtain specific permits for conversion to non-agricultural land.
What documents are required for the purchase of a property?
Essential documents include:
- The title deed or moulkiya, which verifies the seller’s ownership.
- A cadastral report to know the exact boundaries of the land.
- Certificates that the property is free of encumbrances or mortgages.
In addition, it is essential that all contracts are reviewed by a notary and that the property is registered with the Conservation Foncière.
Is it mandatory to have a notary in Morocco?
Yes, the intervention of a notary is mandatory to formalize the purchase and sale of a property. The notary acts as a neutral intermediary, reviewing the documentation and ensuring that the transaction complies with local laws. In addition, he/she is in charge of registering the property in the name of the buyer with the Conservation Foncière.
What are the additional costs when buying a property?
In addition to the purchase price, you should consider:
- Transfer tax: Generally 4% to 6% of the sales price.
- Notary fees: Approximately 1% to 1.5% of the value of the property.
- Administrative costs: Such as registration fees at the Conservation Foncière.
It is important to take these additional costs into account when planning your budget.
Can I finance the purchase through a Moroccan bank?
Yes, Moroccan banks offer mortgages to foreign buyers, although conditions vary from institution to institution. You will need to provide documentation to support your ability to pay, such as income and assets. A local guarantor may also be required in some cases.
6. What should I know about the land?
All land in Morocco that is outside the urban perimeter, even if it is classified as URBAN, is subject to specific regulations that restrict its purchase by foreigners. However, it is possible to acquire this type of land if you obtain the Attestation de Vocation Non Agricole (VNA), which allows you to change the use of the land to non-agricultural purposes, such as residential or commercial construction.
7. What happens after the purchase?
Once you have purchased the property, it is important to formally register it with the Conservation Foncière. You will also need to pay the corresponding taxes, such as the Real Estate Property Tax (TPI) and municipal taxes. In addition, if you plan to lease the property, you will need to comply with the tax regulations for rentals.
Rely on experts for a secure purchase
At CasasMarruecos.com, we understand that buying a property in Morocco can be a complex process, especially for foreigners. Our team is here to help you solve all your doubts, manage legal formalities and ensure a smooth experience.
Contact us today and find out how we can turn your dream of owning a property in Morocco into a safe and secure reality, we are here to help you every step of the way!
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Write to us now and take the first step towards a safe and efficient management of your property in Morocco. We are here to answer your questions, offer expert advice and ensure that every detail of your purchase or sale is transparent and successful, trust our professional experience!
Address: Chapineria 3 Jerez de la Frontera
Tlf: +34 856551010
Schedule: 10:00 – 17:00 h.
