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Buying a house in Morocco by the sea

Buying a home in Morocco: a guide for foreign investors

Morocco is an increasingly popular destination for property purchases by foreign investors. With its pleasant climate, rich culture and varied regions, the country offers many opportunities, whether for acquiring a primary residence, a vacation home, or investing in seasonal rentals. This article guides you through all the steps involved in buying a home in Morocco, covering key aspects such as costs, administrative formalities, the most attractive regions and opportunities for profitability. Whether you're an expatriate or a foreign investor, find out how to make a success of your real estate project in Morocco with complete peace of mind.

Visit Morocco has become a preferred destination for foreign investors looking for property. Visit pleasant climate all year round, its rich cultural heritage and its varied landscapes - from the Atlas mountains to the Atlantic beaches and the dunes of the Sahara desert - make it an ideal place to buy a home. Whether you're looking for a second home, a rental investment or a place to retire, Morocco's appeal lies in its diversity and charm.

However, buy a house in Morocco implies a certain number of steps and specificities that are important to know. The aim of this article is to guiding foreign investors through the various stages of the buying process. We'll look at the advantages of investing in Moroccan real estate, the best places to buy, the formalities and regulations to be complied with, and the associated costs.

In this article, we take a closer look at :

  • Visit benefits and reasons to invest in a home in Morocco.
  • Visit most attractive regions to buy a house.
  • Steps to follow property acquisitionincluding administrative formalities and regulations specific to foreign investors.
  • Visit associated costsincluding taxes, notary fees and maintenance expenses.
  • Visit pitfalls to avoid and practical advice on securing your investment.
  • Finally, the opportunities offered by the rental or resale of your home.

Browsing through this complete guideYou'll find all the information you need to make a successful real estate investment in Morocco.

Clay houses in Ait Ben Haddou, Morocco, near Ouarzazate in the Atlas Mountains

Table of contents display

Why invest in a house in Morocco?

The purchase of a house in Morocco Morocco is attracting more and more foreign investors, for a number of reasons. With its exceptional living environment, booming real estate market and attractive tax benefits, Morocco offers many advantages for those wishing to invest in real estate. Let's explore some of the reasons why Morocco is an ideal destination for real estate investment.

Living and culture

Visit Morocco is a country rich in culture and in historyThis makes it a pleasant place to live with a change of scenery. Imperial cities such as Marrakech, Fez or Rabat offer an immersion in an atmosphere blending modernity and tradition. Moroccan architecture, with its mosaic-adorned riads and contemporary villas, adds a unique charm to each property.

What's more, Morocco's climate is one of its major assets. With 300 days of sunshine per year in some regions, notably the south and Marrakech, and mild temperatures in winter, Morocco attracts those seeking to escape the harsher climates of Europe. This climate also makes it a popular destination for year-round vacations, boosting the rental potential of properties.

At the same time, the diversity of landscapes - the Atlas mountains, the Atlantic and Mediterranean beaches, the dunes of the Sahara desert - contributes to the country's tourist appeal. Whether you want a house by the sea, a villa on a golf course or a riad in a historic medina, Morocco offers a variety of options to suit all lifestyles. What's more, Moroccan hospitality, affordable cost of living and culinary richness add to the experience of living or staying in Morocco.

Attractive real estate market

Visit Moroccan real estate market is booming, offering varied and accessible investment opportunities. Unlike other Mediterranean destinations property prices in Morocco remain attractive, with costs well below those of properties in Spain or the south of France. This enables investors to enjoy luxury properties, such as villas with swimming pools, at more competitive rates.

Strong demand for housing, particularly in tourist areas such as Marrakech, Casablanca and Agadir, makes Morocco a dynamic market. Investors can benefit from attractive rental yieldThis is particularly true of seasonal rentals. The presence of numerous golf courses, seaside resorts and luxury tourist establishments increases the demand for high-end home rentals.

In addition, recent real estate developments in areas such as Domaine Royal Palm or Samanah Country Club offer modern properties tailored to the tastes of international investors. Visit Villas de Myriamfor example, offer exceptional properties in strategic locations, providing both a comfortable living experience and rental investment potential.

Tax and legal advantages

Visit Morocco offers attractive tax benefits for foreign investors, reinforcing its position as a prime real estate destination. The country applies policies favorable to foreign investment, with a no strict restrictions for the acquisition of property by non-residents.

In terms of taxation, there are discounts on real estate taxes in certain regions, particularly tourist areas. Income from property rental can also benefit from tax allowances. For investors planning to buy to let, the Moroccan tax system is therefore quite advantageous. In addition, some recent real estate projects benefit from tax exemptions for the first few years following purchase.

To make things easier, the Moroccan government encourages foreign investment by providing clear information on regulations and acquisition procedures. More information on these tax advantages is available at Moroccan government official websitewhich details the various incentives available to investors.

In short, investing in a house in Morocco represents a unique opportunity. Whether for personal use, as a second home or as a rental investment, the country offers a wealth of possibilities. exceptional living environmentan attractive real estate market and tax benefits encouraging.

buy a house in Morocco, view from Tangier

The most attractive regions for buying a home in Morocco 

Morocco has a wealth of attractive regions in which to invest in real estate. Each region offers unique advantages, whether in terms of lifestyle, investment opportunities or rental potential. The table below provides an overview of the most attractive areas for buying a home in Morocco:

Region Assets Property types Average price
Marrakech Leading tourist and cultural destination; dynamic real estate market; high rental potential. Luxury villas, traditional riads, contemporary homes. Between €1,500 and €3,000/m² depending on location (medina, palm grove, golf courses).
Casablanca and Rabat Economic and administrative centers of the country; excellent infrastructure network; strong residential demand. Luxury homes, upscale apartments, seaside villas. Between €2,000 and €4,000/m² for luxury homes.
Fez and Meknes Imperial cities with historic heritage; authentic atmosphere and UNESCO-listed properties; potential for renovated riads. Historic riads, traditional houses. Between €800 and €2,000/m², mainly for properties in need of renovation.
Atlantic and Mediterranean coast (Essaouira, Agadir, Tangier) Pleasant seaside setting; potential for holiday rentals; surfing and relaxation spots. Beachfront houses, Modern villas, Apartments. Between €1,000 and €2,500/m² depending on proximity to the beach and amenities.
Southern Morocco (Ouarzazate, Agadir) Breathtaking natural landscapes; proximity to mountains and desert; potential for charming residences. Charming houses, contemporary villas, Kasbahs. Between €800 and €1,800/m².
  1. Evaluating your budget Take into account the cost of the property, ancillary expenses (notary, taxes) and maintenance costs.
  2. Open a bank account in convertible dirhams to facilitate transactions.
  3. Finding the right property You'll find it all here: Use local real estate agencies or consult specialized platforms. Be sure to visit properties before making a decision.
  4. Check documents Check that the property has a clear land title and that there are no legal disputes. Verification is generally carried out by theANCFCC.
  5. Signing a sales agreement The compromis de vente sets out the terms of the agreement and requires payment of a deposit.
  6. Going to the notary The notary is responsible for drawing up the deed of sale, securing the transaction and registering it with the authorities.
  7. Register property After signing, the property must be registered with the local authorities to obtain the final land title.

Which is the best city to invest in Morocco?

Choosing the best city to invest in Morocco depends on your objectives. Here are some popular options:

  • Marrakech Marrakech: Ideal for investment in the tourism sector. With its luxurious villas and traditional riads, Marrakech offers great potential for seasonal rentals.
  • Casablanca The economic center of the country, perfect for investing in modern apartments and business properties.
  • Rabat Rabat, the administrative capital, has a stable real estate market and strong demand for quality properties.
  • Tangier : Thanks to its strategic location and rapid development, Tangier attracts foreign investors, particularly for beachfront properties.
  • Essaouira and Agadir : Renowned for their seaside resorts, these towns are ideal for investing in vacation homes.

How much do you need to buy in Morocco?

The initial deposit required to buy a house in Morocco depends on the price of the property and the banks' terms and conditions. Generally speaking, Moroccan banks require a minimum contribution from 20 to 30 % of the property price to grant a property loan to foreigners. This contribution guarantees the buyer's ability to finance the investment and reassures financial institutions as to the borrower's solvency.

Who can buy a house in Morocco?

In Morocco, almost anyone can buy a house, including :

  • Visit Moroccan citizens living in the country or abroad.
  • Visit foreignersThe only restrictions are on the purchase of agricultural land. The only restrictions concern the purchase of agricultural land.
  • Foreign companies can also invest in real estate, provided they comply with the relevant regulations and go through the appropriate channels. professionals (notaries, lawyers) for the transaction.

What are the conditions for residency in Morocco?

To become resident in Moroccoforeigners must meet certain conditions:

  1. Obtaining a long-stay visa with the Moroccan consulate in their country of origin.
  2. Applying for a residence permit (or residence card) with the local authorities within three months of arrival. This card is renewable and valid from 1 to 10 years.
  3. Prove source of income The authorities generally require proof of a stable income (pension, salary, investments) to ensure that the applicant can support himself.
  4. Proving your home : Whether buying, renting or staying with a third party.

How much are notary fees in Morocco?

Visit notary costs in Morocco are generally set at around 1 % of the sale price of the property, plus formalities and taxes. These fees cover document verification services, drafting of the deed of sale, and registration of the property with theANCFCC. Notary fees vary according to the complexity of the transaction, but it is advisable to check with the notary before signing the deed.

Is it worth investing in real estate in Morocco?

Yes, investing in real estate in Morocco can be profitable for a number of reasons:

  • Attractive prices Real estate is generally less expensive than in Europe, offering strong potential for capital gains.
  • Rental yield : In tourist cities like Marrakech, Casablanca and Tangier, seasonal and long-term rentals offer attractive returns.
  • Tax advantages Morocco offers tax advantages for foreign investors, including tax relief on rental income.
  • Growing tourism Morocco's popularity as a tourist destination continues to grow, fuelling demand for quality accommodation.

Is it worth buying a house in Morocco?

Buying real estate in Morocco can be a daunting task. cost-effectiveThis is particularly true in tourist areas such as Marrakech, Agadir and Essaouira. Properties in prime locations enjoy high rates of return, up to 8 % for seasonal rentals. What's more, the relatively low purchase costs compared to other Mediterranean countries mean that you can realize an attractive capital gain when you resell the property. However, to guarantee profitability, it's essential to choose the right location, add value to the property, and comply with local tax regulations.

How much does it pay to live well in Morocco?

The amount of the wages needed to live well in Morocco depends on a number of factors, including place of residence (town or country, big city or small town), of the lifestyle and personal expenses. However, for a single person, a monthly salary of around 10,000 to 15,000 MAD (around €900 to €1,400) allows you to live comfortably in cities like Marrakech, Casablanca or Rabat.

This amount includes housing, food, transportation and leisure expenses. If you're looking to live in a luxury area, the budget will need to be higher. Outside the big cities, the cost of living is generally lower, and a salary of 7,000 to 10,000 MAD (around €650 to €900) can be enough to live on.

What is the minimum capital required to invest in Morocco?

Visit minimum capital to invest in real estate in Morocco depends on the type of property and its location. In major cities such as Marrakech or Casablanca, you'll need to invest at least 1 million MAD (around €90,000) to buy a medium-sized apartment or small riad.

For more luxurious goods, such as villas in residential or tourist areas, the capital required can easily exceed 2 to 3 million MAD (180 000 à 270 000 €). In less expensive cities such as Fez or Meknes, properties can be found for as little as 500,000 MAD (approx. €45,000).

What's the cheapest city in Morocco?

Among the cities to buy a house in Morocco cheap, Fez and Meknes are generally considered the most affordable places to buy a home. In these cities price per square metre is lower than in cities such as Casablanca or Marrakech, making it possible to acquire property at a lower cost.

Oujda and some towns in the Southern Moroccoas TiznitThese cities also offer relatively low property prices and a pleasant living environment. However, these cities are less touristy, which can influence the potential for rental profitability if the investment is intended to generate income.

Where to buy in Morocco in 2024?

In 2024, the most attractive Moroccan cities for property purchases are :

  • Marrakech : Always a destination of choice for investors, due to its tourist appeal and the constant demand for seasonal rentals.
  • Tangier Tangier: Thanks to its rapid development, Tangier has become a key city for real estate investment, offering properties with sea views.
  • Casablanca and Rabat For those looking to invest in residential or commercial property, these two cities remain stable markets.
  • Essaouira and Agadir For those who prefer to invest in seaside homes, these two towns offer interesting opportunities.

It is recommended to monitor market trends and consult local experts to select the ideal location for your objectives.

Can a foreigner buy a house in Morocco?

Yes, a foreign can buy a house in Morocco without restrictions, with the exception of agricultural land. The Moroccan authorities encourage foreign investment in real estate, and procedures are relatively straightforward. Foreign investors must, however, open a bank account in convertible dirhams to carry out real estate transactions.

In addition, theOffice des Changes du Maroc allows investors to freely repatriate rental income or the proceeds from the sale of their property. It is strongly recommended to work with professionals (notaries, lawyers) to guarantee a fully compliant transaction.

What is the minimum downpayment required to buy a home?

In Morocco, theminimum contribution required by banks to grant a loan mortgage is generally 20 to 30 % of the property price. This deposit serves as a guarantee for the banks and proves the buyer's solvency. The exact percentage may vary according to the bank, the borrower's profile and the value of the property.

For foreigners, banks may sometimes require a larger downpayment, especially if the buyer is not a resident of Morocco or is investing in property for the first time in the country.

What's the minimum to buy a house?

Visit minimum amount to buy a house in Morocco depends on a number of factors, including location, property size and the state of the real estate market. In the most affordable cities, such as Fez or Meknesit is possible to find properties from 500,000 MAD (around €45,000). These properties are generally traditional houses or medium-sized apartments.

For properties located in more sought-after cities such as Marrakech or Casablancathe minimum is generally around 1 million MAD (approximately €90,000). It is important to take into account additional expenses such as notary fees, registration taxes and agency fees when drawing up your budget.

How long do you have to live in Morocco to obtain citizenship?

To obtain the Moroccan nationalityIn general, foreigners must reside continuously in Morocco for at least one year. 5 years. During this period, applicants must prove that they have a job or sufficient financial resources to support themselves.

Application for citizenship is subject to approval by the Moroccan authorities and requires the submission of various documents, such as an extract from the criminal record, a certificate of residence, and proof of income. The process can be time-consuming, and it is advisable to consult a specialized lawyer to ensure that all conditions are met.

Is it easy to get a mortgage to buy a house in Morocco?

Get a mortgage loan in Morocco is possible, even for foreigners, but certain conditions must be met. Moroccan banks generally require a initial contribution of at least 20 to 30 % the price of the property. They also assess the borrower's ability to repay based on his or her income and financial situation.

Foreigners must open a convertible dirham account to carry out transactions. Required documents include bank account statements, proof of income, and sometimes a employment contract if the buyer lives and works in Morocco. The process is generally simplified if you use the services of a broker or a specialized bank advisor.

Where is the best place to live in Morocco?

Visit best place to live in Morocco depends on your personal preferences:

  • Marrakech The ideal location for those who love entertainment, culture and a sunny climate. It's also a perfect choice for those wishing to invest in rental property.
  • Casablanca Paris: Perfect for professionals, as the economic center of the country. It offers many modern infrastructures and a wide range of accommodation options.
  • Rabat Political capital, Rabat is calm, well organized and boasts many green spaces. It is ideal for those seeking a high quality of life.
  • Essaouira and Agadir Ideal for seaside lovers and those seeking peace and quiet. They offer a mild climate and a relaxed atmosphere.

Visit city of choice will therefore depend on your lifestyle, your professional needs and your expectations in terms of comfort and environment.

Is it easy to obtain residency in Morocco?

Yes, get the residence in Morocco is relatively straightforward for foreigners. Here are the steps to follow:

  1. Long-stay visa The first step is to apply for a long-stay visa from the Moroccan consulate in your home country.
  2. Residence permit : Once you have arrived in Morocco, you must apply for a resident permit (or residence card) from the Préfecture de Police in your place of residence. This card is generally issued for one year, and is renewable.
  3. Proof of stable income Moroccan authorities require proof of sufficient financial resources, such as bank statements, proof of regular income, or pension documents for retired people.
  4. Proving your home You'll need to provide proof of address (rental agreement, property deed).

Residing in Morocco offers a number of advantages, including the possibility of investing in real estate and benefiting from certain tax breaks. tax exemptions.

Is it worth living in Morocco?

Yes, living in Morocco can be very interesting for many reasons:

  • Quality of life Morocco offers a pleasant climate, a rich culture and a variety of landscapes, from beaches to mountains and desert.
  • Cost of living : The cost of living is relatively affordable compared to many European countries, especially when it comes to housing, food and services.
  • Investment opportunities The country boasts a dynamic and growing real estate market, making it a popular destination for investors.
  • International community Morocco is home to many expatriate communities, particularly in Marrakech, Casablanca and Rabat, making it easy for newcomers to integrate.

However, it's important to be well-informed about the legal, tax and administrative aspects before settling down for good, and to surround yourself with the right people. professionals to help you with your business.

Living in Morocco also presents some aspects to consider before setting up shop:

  • Cultural adaptation Morocco has traditions and a way of life that differ from those of many European countries. Integration may require a period of adjustment, particularly with regard to customs, language and social rules.
  • Health care system : The country has a modern medical infrastructure, especially in the major cities. However, it is advisable for expatriates to take out a medical insurance policy. international health insurance for optimum coverage.
  • Infrastructure : Morocco's major cities offer high-quality public services, international educational establishments and good Internet connections. However, rural areas may be less well served.

Buying a house in Morocco for a Frenchman

In short, buying a house in Morocco offers unique living experienceWith a balance between tradition and modernity, an attractive cost of living, and interesting investment opportunities. That said, it's essential to do your homework and visit the country to make sure it meets your expectations.

Marrakech

Marrakech remains the destination of choice for investors. The "Red City" attracts millions of tourists every year and is home to a very dynamic real estate market. Neighborhoods such as Palmeraiethe Guelizor golf areas such as the Samanah Country Club are particularly sought-after for luxury villas and riads in the medina. The potential of rental yield is high, especially for seasonal rentals.

Casablanca and Rabat

As economic and administrative centers, Casablanca and Rabat offer a modern, well-developed environment. These cities are ideal for investors looking for primary residences or luxury homes. The demand for high-end apartments and in villas in residential and seaside areas is strong, guaranteeing good value for money.

Fez and Meknes

Rich in their historical heritageFez and Meknes are ideal destinations for those wishing to invest in old properties. Visit riads and traditional houses of these imperial cities, often located in UNESCO-listed medinas, offer a unique charm. Most of these properties are in need of renovation, representing an excellent opportunity for investors wishing to restore character properties.

Atlantic and Mediterranean coast

For sea lovers, coastal towns such asEssaouira, Agadirand Tangier offer a pleasant living environment with great potential for seasonal rentals. Visit modern villas and seaside homes are particularly popular in these areas. Coastal towns are also famous for their surf spots and relaxed atmosphere, attracting investors looking for a holiday destination.

Southern Morocco

Visit Southern Moroccoincluding cities such as Ouarzazate and certain areas around Agadir, offers breathtaking natural scenery and privileged access to the mountains and desert. It's a perfect choice for those wishing to invest in charming homes or kasbahs traditional. These regions offer competitively-priced properties while allowing total immersion in Moroccan culture and landscapes.

Real estate investment in Morocco offers a wide variety of options to suit buyers' preferences. Whether you're looking for a seaside homea historic riad or a luxury villa in the heart of a golf course, each region has its own advantages and unique charm.

buy a house in Chefchaouen, Morocco

Key steps to buying a home in Morocco

The purchase of a house in Morocco is a process that requires meticulous preparation. Each step is essential to guarantee a secure investment that complies with local regulations. Here are the steps to follow to successfully complete your real estate project in Morocco.

Budget preparation

The first step is to evaluate your budget taking several factors into account:

  • Cost of the house Prices vary according to the location, size and features of the property. In Marrakech, luxury homes command higher prices, while in other regions, prices can be more affordable.
  • Additional expenses In addition to the purchase price, it is important to allow for additional costs such as :
  • Notary fees : They represent about 1 % of the selling price.
  • Registration fees : In general, they amount to 4 % of the transaction amount.
  • Real estate agency fees : Generally between 2 % and 5 % of the purchase price.
  • Maintenance expenses Including condominium fees, any renovation costs and insurance.

Once your budget is clearly defined, you can start looking for the property that meets your expectations.

Property search

There are several ways to find the ideal property in Morocco:

  • Using real estate agencies : Working with a local agency is recommended, as they know the market and can help you select properties that meet your criteria.
  • Online platforms : Specialized websites offer a wide range of houses for sale in Morocco. Some platforms, such as Les Villas de Myriam offer a selection of high-end properties.
  • Property tours : An on-site visit is essential to check the condition of the property and its surroundings, and to validate the information provided by the seller or the agency.

Document verification

Before making any decisions, it is crucial to check documents related to the property. Here are the main elements to check:

  • Land titles Make sure the seller has a clear and undisputed title to the land. Title verification is generally carried out by Cadastre and Land Registry Services.
  • Legal compliance Check that the house complies with local building regulations, including building and housing permits.
  • No debts It is also advisable to ensure that there are no debts or mortgages associated with the property.

Calling in a notary or a local lawyer is advisable to ensure that all documents are in order and that the acquisition goes smoothly.

Signature of the sales agreement

Once the property has been selected and the documents verified, the next step is the signing the sales agreement (or "promesse de vente"). This document formalizes the agreement between seller and buyer, and includes :

  • Deposit : The payment of a deposit, generally 10 % of the sale price, is required to seal the commitment of both parties.
  • Security clauses Clauses must be added to protect the buyer in the event of the seller's withdrawal or the discovery of hidden defects.

Signing the compromis de vente is an important step, as it locks in the transaction until finalization.

Notary and finalization of purchase

Visit notary plays a key role in real estate transactions in Morocco. It is he who :

  • Authenticates deeds of sale The notary authenticates the documents and ensures that the deed of sale complies with Moroccan law.
  • Transfers ownership He takes care of the transfer of ownership, ensuring that all taxes and fees associated with the transaction are paid.
  • Ensures transaction security The notary also acts as a financial intermediary, ensuring that funds are transferred securely.

Property registration

Once the purchase has been finalized, the next step is to property registration :

  • Land register entry The property must be registered with local authoritiesto obtain the final land title in the buyer's name. This step guarantees your rights as the new owner.
  • Payment of taxes Registration taxes and notary fees must be paid at this time.

External resources

By following these key steps, you can secure your real estate investment in Morocco and avoid the pitfalls common when buying a home in a foreign country.

Buying a house in Morocco by the sea

Administrative and legal formalities

When you decide to buy a house in Morocco As a foreign investor, it's essential to be familiar with the formalities and regulations governing the acquisition process. Here are the main aspects to bear in mind.

Acquisition by foreigners

In Morocco, the foreign investors can purchase real estate without major restrictions, with the exception of agricultural land. However, to facilitate transactions, it is compulsory to open a bank account in convertible dirhams in a Moroccan bank. This account is used to transfer funds in foreign currency and to manage operations related to the purchase and maintenance of the property.

L'Office des Changes Moroccan law regulates foreign exchange transactions and fund transfers related to real estate investments. Thanks to these regulations, foreign investors can freely repatriate rental income and proceeds from the sale of their property. To find out more about acquisition rules, please consult the Office des Changes official website.

Property rights

In Morocco, the property rights are guaranteed by law. Foreign investors enjoy the same rights as Moroccan citizens with regard to the purchase and ownership of real estate. The property must be registered with theNational Agency for Land Conservation, Cadastre and Cartography (ANCFCC) to guarantee the property and protect it against possible disputes.

When purchasing, it is essential to ensure that the property has a land title and that the seller is the rightful owner. This title deed must be registered with the ANCFCC, to secure your investment and avoid disputes. To verify ownership rights and documents relating to the property, it is advisable to consult a local notary or lawyer specializing in real estate transactions.

Taxation

The purchase of a property in Morocco involves the payment of certain taxes. taxes :

  • Registration fees They generally amount to 4 % of the sale price. This payment is made when the deed of sale is signed.
  • Notary fees The notary's fees are approximately 1 % of the total transaction amount, plus formalities and notary fees.
  • Annual taxes Once you are a homeowner, you will also have to pay property taxes such as the urban tax and the municipal tax (municipal service charge).

Foreign owners can benefit from certain tax exemptions, particularly when purchasing new-build properties or properties located in tourist areas. For more details on tax regimes visit the Moroccan Ministry of Economy and Finance website.

The notary's role

Visit notary plays a fundamental role in the process of buying real estate in Morocco. It is the notary who ensures that the transaction meets all legal requirements and protects the interests of both parties. The notary's responsibilities include :

  • Document verification The notary checks that the seller has a valid title deed and that the property is not subject to litigation, mortgages or servitudes.
  • Drafting the deed of sale The notary draws up the deed of sale and has it signed by both parties.
  • Recording After signing, he registers the deed of sale with the ANCFCC to formalize the transfer of ownership.
  • Payment of taxes The notary ensures that registration fees and notary fees are paid correctly.

In short, the notary is a key player in securing the purchase of a home in Morocco and ensuring that all legal formalities are complied with.

buy a house in Chefchaouen, Morocco

Costs associated with buying a home in Morocco

The purchase of a house in Morocco involves various costs that go far beyond the price of the property itself. To make a successful investment, it's crucial to understand the various costs involved in the purchase, as well as maintenance costs and financing options.

Cost of the house

Visit price per square metre varies significantly by region and property type. In large cities such as Marrakech and Casablancaprices for a luxury home can range from 1,500 and €3,000 per m². À Rabatthe cost is generally between 1,200 and €2,500 per m²while in cities such as Fez or Meknesprices are more affordable, often around 800 to €1,500 per m².

Villas with garden and swimming pool in residential or tourist areas such as the Domaine Royal Palm or Samanah Country Club in Marrakech can fetch much higher prices, due to their location and the facilities on offer. You can find examples of these properties on specialized websites such as Les Villas de Myriam.

Agency fees

Visit real estate agency fees in Morocco are generally between 2 % and 5 % of the purchase price. They cover property search services, the organization of visits, negotiations with the seller and assistance with administrative formalities. The commission is generally split between the buyer and the seller, although this may vary depending on the agency and the prior agreement between the parties.

Notary fees and taxes

When purchasing a property, the intervention of a notary is required to formalize the transaction. Notary fees are approximately 1 % of the sale price. This amount covers the services of drafting the deed of sale, checking the documents and registering the property.

In addition to notary fees, the buyer must pay registration feeswhich amount to around 4 % to 6 % of the purchase price. The exact amount varies according to the type of property and its location. The Agence Nationale de la Conservation Foncière (ANCFCC) also charges a fee for registering the land title.

For more details on fees and taxes when buying a property, consult the information available on the Moroccan Ministry of Economy and Finance website.

Maintenance and utilities

Once you're a homeowner, it's important to take the following into account maintenance costs of the house. These include:

  • Condominium charges If the house is part of a residential complex, condominium fees will apply for maintenance of common areas, security and other services.
  • Home insurance : Home insurance is recommended to protect your property against the risk of damage, such as fire or burglary.
  • Routine maintenance Costs for maintenance of pool, garden, air conditioning and heating systems.

The amount of these charges depends on the size of the property and the services included in the residence.

Financing

There are several ways to finance the purchase of a home in Morocco financing options are available to foreign investors. Moroccan banks offer mortgage loans to non-residents, with conditions and interest rates varying according to loan duration, amount borrowed and borrower profile. It is advisable to contact local financial institutions, such as the Banque Centrale Populaire or Attijariwafa Bankfor information on available loans and the documents required.

In the case of a purchase with external financing, the funds must be transferred to a convertible dirham account, in order to facilitate transactions and ensure traceability of financial flows, in accordance with the regulations of theOffice des Changes Moroccan.

In short, buying a home in Morocco involves initial and recurring costs. It is therefore essential to assess these costs carefully to ensure a smooth, profitable investment.

riad courtyard in morocco

Pitfalls to avoid when buying a home in Morocco

The purchase of a house in Morocco can be an exciting adventure, but it's essential to remain vigilant to avoid certain pitfalls. Here are the main points to watch out for to ensure a secure real estate transaction.

Verification of land titles

One of the major risks involved in buying a property in Morocco concerns land titles. It is essential to ensure that the property has a clear land title, registered with theNational Agency for Land Conservation, Cadastre and Cartography (ANCFCC). Buying a property without an official land title or with ongoing legal disputes can lead to legal complications. To check the validity of the title, it is advisable to call in a notary or a specialized lawyer. TheANCFCC offers useful information to help you understand land ownership procedures.

Off-plan sales

When buying a house under construction (called a off-plan sales), additional precautions are necessary. Make sure that the developer is reputable and reliable, and that it offers guarantees such as perfect completion insurance. You should also check delivery deadlines and reimbursement clauses in the event of delays. It is advisable to consult detailed sales contracts and ensure that all building permits comply with Moroccan regulations. Feel free to search for information on real estate projects and the guarantees offered by developers at Ministry of Town Planning website.

Hidden costs

Visit hidden costs can quickly inflate the total cost of acquisition. These costs include condominium chargesthe local taxes (such as taxe d'habitation and taxe de services communaux), and maintenance costs. Before you buy, find out about all the recurring charges and taxes associated with the property. Ideally, you should obtain a complete list of these costs when negotiating with the seller or real estate agent.

Using a professional

Buying a home in Morocco is a process that requires the support of local professionals. We strongly recommend that you use the services of a notary to authenticate documents, to a specialized lawyer to verify the legality of the transaction, and to a real estate agent for advice on the local market. These experts know the specifics of Moroccan regulations and can guide you every step of the way. The services of a notary are mandatory to formalize a property sale in Morocco, guaranteeing the security of the transaction.

In short, staying vigilant and surrounding yourself with competent professionals will help you avoid these common pitfalls and secure your investment in Morocco.

Buying a house in Marrakech, Morocco

Renting or selling your home in Morocco: investment opportunities

Once you have purchased a house in MoroccoIf you're looking for a new property, you have a number of options for making the most of your investment, whether by renting or reselling. Here are the different opportunities available to you.

Rental profitability

Visit rental market in Morocco, particularly in tourist towns such as Marrakech, Casablancaand Tangieris booming. Demand for seasonal rentals and short-term rentals, particularly of luxury villas and houses, is very strong, offering owners attractive rental yields. Rates of return vary according to the location and standing of the property, but properties located in sought-after neighborhoods can generate returns of up to 8 % per year.

By investing in tourist cities, you can attract an international clientele in search of quality stays. Long-term rental is also a viable option in major metropolises, where demand for quality accommodation is high, particularly in business districts.

Seasonal rentals

Visit seasonal rental is a highly profitable option, especially for villas and riads located in tourist areas. Renting out your property on platforms such as Airbnb or Booking.com allows you to benefit from a steady flow of travelers. However, it's essential to respect local regulations. In Morocco, it is necessary to obtain a tourism license to rent a property for seasonal purposes and declare the rental income to the tax authorities.

In addition, owners must pay the tourist taxa local tax levied on tourists. For more information on the licenses and taxes associated with seasonal rentals, please consult the Ministry of Tourism website.

Resale of property

Visit resale of a house in Morocco can be very lucrative, especially in areas where demand for real estate is constantly growing. To maximize profits on resale, it's important to enhance the value of the property by carrying out renovation or refurbishment work, thereby increasing its market value.

When planning a resale, keep an eye out for market trends and choose the right time to sell. Rapidly developing neighborhoods, seaside resorts, and areas close to golf courses or tourist resorts are generally strategic locations for attractive appreciation.

Rental management

If you are considering rent your property you can call on the services of a remote rental management. Specialized agencies or high-end concierge services, such as Les Villas de MyriamWe offer a complete range of services for managing reservations, welcoming tenants, maintaining the property and paying utilities. This solution lets you make the most of your investment without having to worry about day-to-day logistics.

Buy a house in Morocco is a rewarding adventure, offering a multitude of opportunities for foreign investors. In this article, we look at the different stages involved in acquiring property in Morocco, the most attractive regions, the formalities to be complied with, and the associated costs. We have also highlighted the different ways of making your investment profitable, whether through seasonal rentallong term, or through resale.

It's crucial to be well-informed and to surround yourself with competent professionals, such as notariesand real estate agents and specialized lawyers to ensure a secure transaction and avoid common pitfalls. By complying with administrative formalities, thoroughly checking land titles, and understanding the tax implications, you'll put all the chances on your side for a successful investment.

If you're ready to take the plunge into buying a home in Morocco, we encourage you to take a look at our local experts and explore your options. Whether you're looking to buy a villa, a riad or a house by the sea, Morocco offers you an exceptional setting in which to realize your real estate project.

Buy a house in Morocco Rabat

Questions & answers on how to buy a house in Morocco

Can a Frenchman buy a house in Morocco?

Yes, a French can buy a house in Morocco. The country allows foreigners of all nationalities to purchase real estate, with the exception of agricultural land. The purchase procedure for foreigners is similar to that for Moroccan citizens. However, to complete the transaction, it is necessary to open a bank account in convertible dirhams in a Moroccan bank. This account enables transactions to be carried out securely and funds, including rental income or proceeds from the sale of the property, to be repatriated abroad. It is also advisable to work with professionals such as notariesand lawyers and estate agencies to guarantee the legality and security of the investment.

How do I buy a house in Morocco?

To buy a house in Moroccofollow these essential steps:

  1. Evaluating your budget Take into account the cost of the property, ancillary expenses (notary, taxes) and maintenance costs.
  2. Open a bank account in convertible dirhams to facilitate transactions.
  3. Finding the right property You'll find it all here: Use local real estate agencies or consult specialized platforms. Be sure to visit properties before making a decision.
  4. Check documents Check that the property has a clear land title and that there are no legal disputes. Verification is generally carried out by theANCFCC.
  5. Signing a sales agreement The compromis de vente sets out the terms of the agreement and requires payment of a deposit.
  6. Going to the notary The notary is responsible for drawing up the deed of sale, securing the transaction and registering it with the authorities.
  7. Register property After signing, the property must be registered with the local authorities to obtain the final land title.

Which is the best city to invest in Morocco?

Choosing the best city to invest in Morocco depends on your objectives. Here are some popular options:

  • Marrakech Marrakech: Ideal for investment in the tourism sector. With its luxurious villas and traditional riads, Marrakech offers great potential for seasonal rentals.
  • Casablanca The economic center of the country, perfect for investing in modern apartments and business properties.
  • Rabat Rabat, the administrative capital, has a stable real estate market and strong demand for quality properties.
  • Tangier : Thanks to its strategic location and rapid development, Tangier attracts foreign investors, particularly for beachfront properties.
  • Essaouira and Agadir : Renowned for their seaside resorts, these towns are ideal for investing in vacation homes.

How much do you need to buy in Morocco?

The initial deposit required to buy a house in Morocco depends on the price of the property and the banks' terms and conditions. Generally speaking, Moroccan banks require a minimum contribution from 20 to 30 % of the property price to grant a property loan to foreigners. This contribution guarantees the buyer's ability to finance the investment and reassures financial institutions as to the borrower's solvency.

Who can buy a house in Morocco?

In Morocco, almost anyone can buy a house, including :

  • Visit Moroccan citizens living in the country or abroad.
  • Visit foreignersThe only restrictions are on the purchase of agricultural land. The only restrictions concern the purchase of agricultural land.
  • Foreign companies can also invest in real estate, provided they comply with the relevant regulations and go through the appropriate channels. professionals (notaries, lawyers) for the transaction.

What are the conditions for residency in Morocco?

To become resident in Moroccoforeigners must meet certain conditions:

  1. Obtaining a long-stay visa with the Moroccan consulate in their country of origin.
  2. Applying for a residence permit (or residence card) with the local authorities within three months of arrival. This card is renewable and valid from 1 to 10 years.
  3. Prove source of income The authorities generally require proof of a stable income (pension, salary, investments) to ensure that the applicant can support himself.
  4. Proving your home : Whether buying, renting or staying with a third party.

How much are notary fees in Morocco?

Visit notary costs in Morocco are generally set at around 1 % of the sale price of the property, plus formalities and taxes. These fees cover document verification services, drafting of the deed of sale, and registration of the property with theANCFCC. Notary fees vary according to the complexity of the transaction, but it is advisable to check with the notary before signing the deed.

Is it worth investing in real estate in Morocco?

Yes, investing in real estate in Morocco can be profitable for a number of reasons:

  • Attractive prices Real estate is generally less expensive than in Europe, offering strong potential for capital gains.
  • Rental yield : In tourist cities like Marrakech, Casablanca and Tangier, seasonal and long-term rentals offer attractive returns.
  • Tax advantages Morocco offers tax advantages for foreign investors, including tax relief on rental income.
  • Growing tourism Morocco's popularity as a tourist destination continues to grow, fuelling demand for quality accommodation.

Is it worth buying a house in Morocco?

Buying real estate in Morocco can be a daunting task. cost-effectiveThis is particularly true in tourist areas such as Marrakech, Agadir and Essaouira. Properties in prime locations enjoy high rates of return, up to 8 % for seasonal rentals. What's more, the relatively low purchase costs compared to other Mediterranean countries mean that you can realize an attractive capital gain when you resell the property. However, to guarantee profitability, it's essential to choose the right location, add value to the property, and comply with local tax regulations.

How much does it pay to live well in Morocco?

The amount of the wages needed to live well in Morocco depends on a number of factors, including place of residence (town or country, big city or small town), of the lifestyle and personal expenses. However, for a single person, a monthly salary of around 10,000 to 15,000 MAD (around €900 to €1,400) allows you to live comfortably in cities like Marrakech, Casablanca or Rabat.

This amount includes housing, food, transportation and leisure expenses. If you're looking to live in a luxury area, the budget will need to be higher. Outside the big cities, the cost of living is generally lower, and a salary of 7,000 to 10,000 MAD (around €650 to €900) can be enough to live on.

What is the minimum capital required to invest in Morocco?

Visit minimum capital to invest in real estate in Morocco depends on the type of property and its location. In major cities such as Marrakech or Casablanca, you'll need to invest at least 1 million MAD (around €90,000) to buy a medium-sized apartment or small riad.

For more luxurious goods, such as villas in residential or tourist areas, the capital required can easily exceed 2 to 3 million MAD (180 000 à 270 000 €). In less expensive cities such as Fez or Meknes, properties can be found for as little as 500,000 MAD (approx. €45,000).

What's the cheapest city in Morocco?

Among the cities to buy a house in Morocco cheap, Fez and Meknes are generally considered the most affordable places to buy a home. In these cities price per square metre is lower than in cities such as Casablanca or Marrakech, making it possible to acquire property at a lower cost.

Oujda and some towns in the Southern Moroccoas TiznitThese cities also offer relatively low property prices and a pleasant living environment. However, these cities are less touristy, which can influence the potential for rental profitability if the investment is intended to generate income.

Where to buy in Morocco in 2024?

In 2024, the most attractive Moroccan cities for property purchases are :

  • Marrakech : Always a destination of choice for investors, due to its tourist appeal and the constant demand for seasonal rentals.
  • Tangier Tangier: Thanks to its rapid development, Tangier has become a key city for real estate investment, offering properties with sea views.
  • Casablanca and Rabat For those looking to invest in residential or commercial property, these two cities remain stable markets.
  • Essaouira and Agadir For those who prefer to invest in seaside homes, these two towns offer interesting opportunities.

It is recommended to monitor market trends and consult local experts to select the ideal location for your objectives.

Can a foreigner buy a house in Morocco?

Yes, a foreign can buy a house in Morocco without restrictions, with the exception of agricultural land. The Moroccan authorities encourage foreign investment in real estate, and procedures are relatively straightforward. Foreign investors must, however, open a bank account in convertible dirhams to carry out real estate transactions.

In addition, theOffice des Changes du Maroc allows investors to freely repatriate rental income or the proceeds from the sale of their property. It is strongly recommended to work with professionals (notaries, lawyers) to guarantee a fully compliant transaction.

What is the minimum downpayment required to buy a home?

In Morocco, theminimum contribution required by banks to grant a loan mortgage is generally 20 to 30 % of the property price. This deposit serves as a guarantee for the banks and proves the buyer's solvency. The exact percentage may vary according to the bank, the borrower's profile and the value of the property.

For foreigners, banks may sometimes require a larger downpayment, especially if the buyer is not a resident of Morocco or is investing in property for the first time in the country.

What's the minimum to buy a house?

Visit minimum amount to buy a house in Morocco depends on a number of factors, including location, property size and the state of the real estate market. In the most affordable cities, such as Fez or Meknesit is possible to find properties from 500,000 MAD (around €45,000). These properties are generally traditional houses or medium-sized apartments.

For properties located in more sought-after cities such as Marrakech or Casablancathe minimum is generally around 1 million MAD (approximately €90,000). It is important to take into account additional expenses such as notary fees, registration taxes and agency fees when drawing up your budget.

How long do you have to live in Morocco to obtain citizenship?

To obtain the Moroccan nationalityIn general, foreigners must reside continuously in Morocco for at least one year. 5 years. During this period, applicants must prove that they have a job or sufficient financial resources to support themselves.

Application for citizenship is subject to approval by the Moroccan authorities and requires the submission of various documents, such as an extract from the criminal record, a certificate of residence, and proof of income. The process can be time-consuming, and it is advisable to consult a specialized lawyer to ensure that all conditions are met.

Is it easy to get a mortgage to buy a house in Morocco?

Get a mortgage loan in Morocco is possible, even for foreigners, but certain conditions must be met. Moroccan banks generally require a initial contribution of at least 20 to 30 % the price of the property. They also assess the borrower's ability to repay based on his or her income and financial situation.

Foreigners must open a convertible dirham account to carry out transactions. Required documents include bank account statements, proof of income, and sometimes a employment contract if the buyer lives and works in Morocco. The process is generally simplified if you use the services of a broker or a specialized bank advisor.

Where is the best place to live in Morocco?

Visit best place to live in Morocco depends on your personal preferences:

  • Marrakech The ideal location for those who love entertainment, culture and a sunny climate. It's also a perfect choice for those wishing to invest in rental property.
  • Casablanca Paris: Perfect for professionals, as the economic center of the country. It offers many modern infrastructures and a wide range of accommodation options.
  • Rabat Political capital, Rabat is calm, well organized and boasts many green spaces. It is ideal for those seeking a high quality of life.
  • Essaouira and Agadir Ideal for seaside lovers and those seeking peace and quiet. They offer a mild climate and a relaxed atmosphere.

Visit city of choice will therefore depend on your lifestyle, your professional needs and your expectations in terms of comfort and environment.

Is it easy to obtain residency in Morocco?

Yes, get the residence in Morocco is relatively straightforward for foreigners. Here are the steps to follow:

  1. Long-stay visa The first step is to apply for a long-stay visa from the Moroccan consulate in your home country.
  2. Residence permit : Once you have arrived in Morocco, you must apply for a resident permit (or residence card) from the Préfecture de Police in your place of residence. This card is generally issued for one year, and is renewable.
  3. Proof of stable income Moroccan authorities require proof of sufficient financial resources, such as bank statements, proof of regular income, or pension documents for retired people.
  4. Proving your home You'll need to provide proof of address (rental agreement, property deed).

Residing in Morocco offers a number of advantages, including the possibility of investing in real estate and benefiting from certain tax breaks. tax exemptions.

Is it worth living in Morocco?

Yes, living in Morocco can be very interesting for many reasons:

  • Quality of life Morocco offers a pleasant climate, a rich culture and a variety of landscapes, from beaches to mountains and desert.
  • Cost of living : The cost of living is relatively affordable compared to many European countries, especially when it comes to housing, food and services.
  • Investment opportunities The country boasts a dynamic and growing real estate market, making it a popular destination for investors.
  • International community Morocco is home to many expatriate communities, particularly in Marrakech, Casablanca and Rabat, making it easy for newcomers to integrate.

However, it's important to be well-informed about the legal, tax and administrative aspects before settling down for good, and to surround yourself with the right people. professionals to help you with your business.

Living in Morocco also presents some aspects to consider before setting up shop:

  • Cultural adaptation Morocco has traditions and a way of life that differ from those of many European countries. Integration may require a period of adjustment, particularly with regard to customs, language and social rules.
  • Health care system : The country has a modern medical infrastructure, especially in the major cities. However, it is advisable for expatriates to take out a medical insurance policy. international health insurance for optimum coverage.
  • Infrastructure : Morocco's major cities offer high-quality public services, international educational establishments and good Internet connections. However, rural areas may be less well served.

Buying a house in Morocco for a Frenchman

In short, buying a house in Morocco offers unique living experienceWith a balance between tradition and modernity, an attractive cost of living, and interesting investment opportunities. That said, it's essential to do your homework and visit the country to make sure it meets your expectations.

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