Détails Blog

Description of the blog

Nowadays, it is more and more in vogue to buy a property in Morocco. Morocco has a lot to offer in terms of selling real estate in regions such as the Mediterranean, Saidia, Asilah, Tangier, Marrakech, Tétouan and Agadir.

But due to the advisability of selling a property in Morocco, an investor should not be dissuaded from obtaining his ideal property, simply because the purchase can take several months and a lot of paperwork, because there are many agencies that can help you do it all. for you while you sit back and relax.

To succeed in the real estate buying process in Morocco, it is essential to use a recommended real estate agent or simsaar. These people have practical knowledge of the real estate market in the region of Morocco in which they work and they are often able to protect the buyer from the payment of the market price by understanding the real value of the properties for sale. There are several, but Qudoo is one of the best you can get to ensure a smooth and profitable deal.

As with many emerging real estate markets, investors who see that they are in the real estate market will often find that the price of the premises offered for sale suddenly increases - with the help of a good simsaar, the foreign buyer will pay the same as a local buyer in Morocco. A simsaar will typically charge two and a half percent of the property’s purchase price and some will charge a daily rate that can be deducted from these costs. The time and money they can save an investor means they are worth their commission.

However, as these agents often speak little English or French, it is usually necessary to hire a translator and a careful approach should be taken when looking for a translator, a real estate agent and a lawyer in Morocco. The Moroccan people want to attract foreign investment and the majority of professionals with whom an investor will deal will be happy to really help - but as the saying goes, “be careful” when you hire someone to help the buying process in n no matter which country in the region. world!

It is very likely that an investor will have many choices in Morocco, especially if he is interested in older properties and those in need of renovation. It is a good idea to take a camera and a notepad when examining properties, because after a few days it is easy to forget which real estate properties have which characteristics! Once an ideal property has been found, it is customary to make an offer to purchase and negotiate the asking price. Once the offer is accepted, a deposit of around 10% can be paid. The deposit or money must secure the property and remove it from the market. But unfortunately, the reality is that it is wise to close the sale when the price is agreed. Otherwise, if the seller is offered more money before the sale is completed, he may well recover it and return the investor's deposit to him.

There is a small problem with this approach: by officially closing the sale, taxes must be paid within 30 days. BUT if you pay the taxes, the sale is really closed and the buyer can refuse to move, which in the worst case leads to a five-year legal battle to evict them. So what most buyers do is pay the taxes, pay a small fine, but don't bother having to give up the deeds and risk having tenants in place !

It may sound confusing, but with the help of a reputable lawyer, all of this is transparent to the buyer. Those who buy a new or off-plan property in Morocco of course avoid all these problems.

An investor looking at Maroc Property should expect 7 or 8% more and more of the purchase price of fees and taxes. As indicated, the real estate agent will charge around 2.5%, the notary or notary will charge 1% to settle the title deeds of old goods, a process which can take up to 2 years after the sale but which will lead to the goods having a higher value in the long term, because all the following buyers will avoid repeating the process - and finally, there is also a small tax on the purchase price of the Investment Property in Morocco which is profitable if one considers the benefits of living in a charming and culturally rich country that has a lot to offer in terms of value for money and a peaceful life.