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Why Should I Purchase Through Property Borders?
For the peace of mind of our clients Property Borders are proud members of FOPDAC (Federation of Overseas Property Developers, Agents & Consultants)
We have years of experience in the Moroccan property market and have built up a network of contacts. As we are a Moroccan owned agency we have a genuine interest in promoting the country.
Who Can Purchase Property In Morocco?
Anyone. Morocco is currently encouraging foreign investment and offering great tax incentives. This is especially good for UK and US citizens as there is a double tax treaty between these countries and Morocco
Will I Be Able To Rent My Moroccan Property?
Yes. Most of our developments in Morocco have rental offices associated with them. They offer a full rental/management service. Alternatively, you can arrange the rental of the property yourself. Rental occupancy in Morocco is usually 85% during peak season and you can expect 80-100 euros per night. New owners have no rental tax to pay for the first 5 years
I Have Seen A Moroccan Property I Want. What Next?
You will need to place a deposit, usually known as a holding deposit. Some developers in Morocco will also request a small handling charge. Both of these will be refundable for a period of 30 days to give you a chance to view the property or the site.
What Are My Buying Costs?
You will need to budget for an extra 5% to cover notorial and Moroccan property registration fees.
Are Moroccan Mortgages Available?
Yes, Mortgages can be taken with Moroccan banks offering 70% of the purchase price. To apply for a mortgage you will need the following:
1. Attestation of employment
2. 6 months bank statements
3. Your last 3 wage slips
Are all youl Moroccan Properties Freehold?
Yes. Property Borders only deals in properties that are 100% freehold.
How Quickly Are Moroccan Property Prices Rising In Morocco?
Prices of Moroccan property are rising between 15-30% annually.
Will I Need A Solicitor to buy Moroccan Property?
Yes. We have contacts with English speaking solicitors for your Moroccan property purchase.
Do I need a Moroccan bank account to buy Moroccan property?
Yes. To fully repatriate your funds overseas you will need to prove that the money for the Moroccan property initially came from abroad. To do this you will need a Moroccan bank account which we will arrange for you.
What is the exchange rate in Morocco?
The exchange rate is 15.8 MAD to £1 sterling (approximately)
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