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Advice offered to Morocco property buyers

Date : (News Section: Morocco)

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Advice offered to Morocco property buyers

The Moroccan property conveyance system is considered one of the safest in the whole of Africa and the Middle East.

This is according to Nik Kapur, senior consultant at M2 Morocco, who was offering advice for people thinking of investing in Moroccan property.

As well as a commendable conveyancing process, Mr Kapur also said mortgages are available to foreign buyers up to a maximum of 70 per cent loan-to-value. It is vital though, he added, to check that the land or property has a clear title before purchasing.

In further advice, he stated: "Making sure that your purchase cash is routed to Morocco through official channels will save you a lot of hassle with repatriating your profits when you eventually sell your property."

The recent Knight Frank Global House Price Index showed that property in Morocco increased in value by 2.9 per cent between 2010 and 2011.

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Article by +Steve Binge on behalf of Propertyshowrooms.com

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