Buying Properties In Morocco

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Morocco was a French Protectorate for many years and has consequently a very well established legal system and property ownership framework based upon the Napoleonic Legal System and buying properties in Morocco is similar to the buying processes in Spain and France.

In principle, the rules and procedures of buying properties in Morocco are not too dissimilar to those in the UK, and like the UK, professional advice should be sought from the outset of any potential purchase.

When buying properties in Morocco, land, houses, villas and apartments are all acquired freehold. Leaseholds are not used for residential property.

It is advisable to get the services of a lawyer – there are many English-speaking lawyers in Morocco – when buying properties in Morocco. Lawyers will provide the necessary advice on title deeds (melkia) and the registering process at the land registry.

Many buyers have recognised the significant investment potential of going for off-plan property when buying in Morocco. The advantage of buying off-plan is that for an outlay of between 30% and 40% of the value of the property, the purchaser secures any capital growth achieved on the full value of the property at the time of completion.

People considering buying properties in Morocco should enter the market early. As with all emerging property markets, investors considering buying Properties in Morocco would benefit most if they took advantage of the current low prices. This would boost the potential to achieve high returns as Morocco's growing economy is leading to a rise in property prices.

Morocco also now has an 'Open Skies' flying agreement with the EU which means that cheap European flights have already started to operate to the area. This opportunity has only recently come to the attention of northern European investors, tourists and those looking forward to buying a second home in Morocco.