Do I need to be resident in Morocco to buy a property there?

No, anyone in the world can buy or rent a property in Morocco, that’s why is becoming a very popular destination for European property investors.

When I purchase property in Morocco, does this automatically entitle you to become a resident?

No, to become a resident of Morocco you need to live in Morocco for at least 6 months of the year and apply for a residents permit at the local police station and apply for a certificate of change of residence.

What is the local currency?

This is the Moroccan Dirham

Can I pay for in USD, EUR or GBP or is just in Moroccan Dirham?

The prices quoted on this website is in GBP, however you can convert this price in to USD or EUR and make the payment direct in either currencies.

Can non Moroccans obtain finance?

Yes, the local banks offer as a standard 70% finance based on the value of the property. This can be raised depending on the bank. You need to have a bank account in Morocco but only in time for the completion of the purchase.

What are the additional costs on buying a property that I need to consider?

Generally in Morocco around 5% - 6% is required in addition to the property purchase price to secure your property. These fees are broken down further in the example below: Legal fees (if required) 1.1 to 1.5%; Stamp duty: 2.5%; Notary fees: 0.5%; Land registry: 1.5 to 2%; Misc costs: 1000 dh (65€/£40);

Is a visa required to enter Morocco?

Certain nationalities like British, America, Canadian, and Australian required having passport but no visa is required to stay up to 3 month. We recommend all nationalities to confirm their travel details with their travel agencies or embassies.