Why Invest?
Morocco today offers the stability and ease attached with the excellent return offered by investing in property. Morocco is an exclusive location at this time for property investors. It offers the opportunity to purchase property early in an rising market at prices very favorable to most other destinations.
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Market Report
International Property Brokers forecast that the property prices will increase by 15 to 25% this year as Morocco is currently providing a highly profitable investment options.
Economic Overview
The Moroccan economy is lively with activity. This stands in severe contrast to economic output in 2005 when GDP growth falls to 1.6%. Growth last year was small by a soft performance in the agricultural sector, which accounts for around 13% of GDP.
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Visa/Residency Issues
Entry visas are valid for 3 months; visitors wishing to stay longer should apply to the local police station within 15 days of arrival. Single-entry: £16; Double-entry or Multiple-entry (both business only): £25. Prices may fluctuate in accordance with the exchange rate and must be paid by postal order only.
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Getting to Morocco
Morocco has three main international airports: Casablanca, Tangier and Agadir. Most long distance flights will arrive in Casablanca. It's a modern airport with plenty of transport options to take you in to the center of town or to other destinations in Morocco.
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Fees & Taxes
- Capital gains tax is charged at 20% of profit with a minimum of 3% of the sale price if the property is sold within 5 years. If the property is sold before 10 years capital gains is charged at 10% and 0% after 10 years. Capital gains tax is based on the sale price less the purchase price.
- Value-added tax with a standard rate of 20%, but with various reduced rates from 7% to 14% for more basic goods and services.
- Investors pay 13.50% on the rental value of the property.
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Morocco |
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Basic Information
| Population |
31,478,000 (2005) |
| Languages |
Arabic - French is widely used as a second language |
| Area (sq mi) |
172,414 |
| Currency |
Moroccan dirham (MAD) |
| Dialing Code |
+212 |
| Emergency Services |
177 |
Morocco Overview
The full Arabic name of the country (Al-Mamlaka al-Maghribiya) translates to The Western Kingdom. Al Maghrib (meaning The West) is commonly used. For historical references, historians used to refer to Morocco as Al Maghrib al Awsat (The Farthest West), disambiguating it from the historical region called the Maghreb. The name Morocco in many other languages originates from the name of the former capital, Marrakech. The Berber/Amazigh word Murakush means Land of God.
Average Property Prices- One-bedroom apartment.... $124,095
- Two-bedroom apartment.....$149,737
- Three-bedroom villa.............$350,147
- Four-bedroom villa...............$514,180
Buying Process
- The first step is to formalise your offer on the property and remove it from the market, thus protecting your interest to purchase. Once the terms of the purchase have been discussed and the seller accepts the offer, a binding agreement is born which is sealed by signing a reservation contract and includes a sum of money to reserve the property prior to the exchange of private purchase contract.
- This reservation fee is fully refundable in case that our local lawyer will find in the searching process that the property is not free of any encumbrances, debts, charges or not meet legal requirements of the law to buy the property in the most complete and strict legal security.
- €3000 reservation on a credit card, the balance of 30% in 30 days, 70% on completion. You would need to budget for 6.5% on top of the purchase price.
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