Buying Property in Morocco: An Insider’s Guide


Morocco is a country that has seen an increase in international property buyers. The country’s diverse landscape, friendly people and low prices have made it popular with many investors. Yet before you start packing your bags for the trip to this exotic destination, there are some things you should know about Moroccan real estate law and customs. In this guide we will discuss what steps you need to take when buying property in Morocco. We’ll also give you insider tips from those who have already done so!

Purchasing a Property in Morocco: Is It the Right Move for You?

There are many reasons why someone might be interested in purchasing a property in Morocco. Some people want to escape the winter and live near the beach, while others have Moroccan heritage and want to come back home. Whatever your reason, it is important to understand that there are some things you should know before buying a property here.

There is no shortage of things you will need to pay for when buying a property in Morocco. You should be aware that, depending on where the transaction takes place, there may be additional fees and taxes imposed by your government or Moroccan authorities. In general, most transactions require payment of at least one agency fee.

Besides, you also have to factor in the cost of your mortgage, which will depend on your lender and credit score.

The sale price is just one part of buying a property for sale. You also need to think about other costs such as taxes that are not included in the purchase price but may be due at some point during or after the transaction has been completed,The country of Morocco has a lot to offer and is an excellent place for many different reasons. If you want to travel, live life on your own terms, or just need a change of scenery then this could be the perfect option for you.

Types of housing available in Morocco

You’ll find that the most popular type of accommodation for foreigners in Morocco is a Riad. These traditional Moroccan houses vary according to their size, condition, and location but many Moroccans are transitioning out of them into more modern homes so there’s high variation in price as well. Real estate investors have multiplied which has led to many brand new residences with very luxurious amenities like swimming pools or hammams (traditional bathhouses).

Different cities for different purposes

Marrakech, Fes, Chefchaouen and Ouarzazate are all very popular tourist destinations in Morocco. As a result of their popularity with tourists they also tend to be hotspots for properties as both guesthouses or hotels by property investors looking for an income stream from renting rooms out on Airbnb or other sites geared towards short-term lodging.

Morocco has a variety of climates and living spaces. If you’re looking for a private space in Morocco, then consider buying property or renting somewhere on the coast like Tangiers, Rabat, Casablanca or Agadir to enjoy sea breezes all year round!

Rabat and Casablanca are beautiful when you want to take a break from the sun. Its cities with plenty of cultural offer, restaurants and night life if that is a requirement of yours.

Who can buy property in Morocco

Morocco offers an exciting opportunity for any investor with a sense of adventure and is open to foreigners. Enjoying tax perks such as low capital-gains taxes, no inheritance taxes or property taxes on new homes the first five years means you can find that perfect spot in your Moroccan home without worrying about high costs later down the line. The country also provides 90 days tourist visa leniency while more long term residency visas must be applied for before arriving.

As most real estate negotiations are conducted in Moroccan Dirham, it is best to open a checking account at an overseas bank as well and invest some money from your retirement fund so that the time when you purchase property will be significantly less stressful.

How to buy property from in Morocco

  • Real estate agents are a great investment for when it comes to buying property. If you’re looking for an agent, make sure that they have experience in your area and feel confident with them before giving up any information!
  • As more and more homeowners try to sell their homes through word of mouth, saving them the 2.5-3% agency commission.
  • Samsars, local agents who know their market well and charge 2.5% of the sale price for a commission fee on top of any other fees that have to be paid in order to close the deal. Agents may ask for an initial deposit or down payment which is often small compared with what will eventually need to be given up at time-of course this varies depending upon how much you want them working for you!

The buying process

  • A buyer can make a verbal agreement with the seller, but that doesn’t mean they’re going to get what they want. The seller may receive and accept an even stronger offer for their property while at any time during negotiations or after making agreements in good faith. A buyer can make a verbal agreement, and submit a deposit (10%), (40% for ‘off-plan’ properties).
  • This contract is the first step before any buyer and seller can close on a property. There are several conditions that need to be met, such as financing or inspection approval, so it’s important for buyers to have their lawyer review this document prior to signing off. The 3-day cooling off period also ensures both parties get adequate time in case there was an oversight with one of those aforementioned steps during the agreement process.
  • The buyer must now sign and return a draft of the final sales agreement. The notary will then send an invitation to sign the actual Final Contract of Sale, which is being sent by courier for secure delivery. Upon signing this contract they are agreeing that all fees have been paid in full before issuing their official written confirmation at closing time!

Fees to be paid by the buyer

Registration Duty          6%
Notary Fees                   0.50% -1%
Stamp Duty                   1%
Legal Fee                      1%-5%
Land Registry Fee        1%
Real Estate Agent Fee  3%
Costs paid by buyer      12.50%-17%

Buying a property in Morocco: FAQs

What i can buy and what i can not buy ?

As a foreigner, you’re eligible to buy apartments, offices, riads, villas and houses. There are no restrictions to buying villas and the land underneath can be bought too. There’s no minimum required investment to purchase a Moroccan property. You can not buy land which purpose is of agricultural nature. This is only reserved for Moroccan citizens.

Do I need to be a permanent resident?

No, you don’t need to have a permanent residence in Morocco or a long term visa, unless you want to stay longer than the 90 day visa free access to Morocco. Most Western passports and many other nationalities are eligible for 90 day visa free travel to Morocco. 

Is it a full ownership or just a lease?

There is a practice among many countries, especially in South East Asia or the Middle East, which restricts the full ownership of a villa including land. Often times, the property is “leased” at a full cost for 99 years (or a similar amount of years.) This is not the case in Morocco, when you title the property correctly, it is 100% in the hands of you.

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