A Guide to Buying Property in Morocco

Foreigners can purchase property in Morocco on a freehold basis but there are restriction in relation to agricultural land.

The primary taxes depend upon the type of property are below. NOTE – 1,000 DH = 100 EUR approx.

House for habitation - 3 years or more terrain without a building and obligation to build within 7 years:
Registration fees: 2.5 %
Notaries tax : 0.5 %
Funciary conservation :1 %
Notary’s fee : 2.5 %
Current funciary conservation (if necessary) : 0.5 %
Sundries (fiscal stamps etc.) 1,500 to 3,000 DH
Ad Valorem rights: 1.5 % up to 50,000 DH + 2 % above this
Surveyor: 2,500 DH approximately

Financing:

  • Current interest rates are at about 7% for a variable rate mortgage.
  • Up to 35% to 40% of your net salary without prior credit checks or confirmation of existing obligations.
  • 70% of the property sale price for non-resident foreign property owners.
  • Loan can be approved in 24 hours.

Information for mortgage approval:

Individual
Attestation of employment
Bank statements (the last six months)
Your pay stub (the last three months)

Company
Company statutes (Bylaws) (showing who owns company)
Certificate of incorporation
Company tax statements (the last two years)
Bank statements (the last Six months)