Property Purchase Procedure in Morocco

There a three main stages to buying a property in Morocco.

When you have decided on a property to buy in Morocco you will need to make a verbal offer.Once an agreement on price is achieved, sale negotiations will proceed.

At this stage a lawyer should be appointed by you to formalise the agreement. Make sure that the lawyer you appoint is fluent in your language, so that you properly and fully understand all the legalities.

The purchase of a property in Morocco is a standard procedure, similar to anywhere on the European Continent. The buyer will open a Euro account with a bank in Morocco and transfer Sterling or Euros to this account. The Euros will then be converted into Dirhams when paying funds to the vendor.

Costs of property purchase.

• Reservation fee. This is required immediately to reserve your property. This price will differ depending on what property you choose but on average it is normally around €3000.00.
• Deposit. After 30 days, 30% of the purchase price of the property is due.
• Complementation. Upon completion the remaining 70% of the property price is due.
• Additional costs. Buyers should expect to pay around 6.5% of the property price for additional costs such as lawyer’s fees, notary fees, and registration.