Residential properties for sale in Morocco

2 properties total found

About Morocco

Nestled in Northern Africa, Morocco is a culturally and historically diverse sovereign state. The country’s largest city is Casablanca while the smaller Rabat is the capital. It is home to a population of over 35 million people and is one of the largest economies in Africa. Over the years, modern Morocco is a blend of various cultures, ethnicities, and influences. It enjoys a stable and consistently growing economy thanks to participation of various sectors including tourism, agriculture and energy.

Moroccan tourism

Tourism is one of the most important sectors that play a major role in the Moroccan economy. It is ranked as one of the top travel destinations in the world and draws in millions of visitors each year. Most of the tourists are drawn to the country due to its religious and historic significance. Being the home for many ancient sites and monuments, Morocco contains important examples of historic architecture from the Roman and Islamic empires. Additionally, there are many other tourism activities that you can partake in such as trekking, hiking, ecotourism and wildlife excursions.

Buying Moroccan property

Apart from a few restrictions on foreigners buying agricultural lands, acquiring property in Morocco is relatively easy and short. The country is a prime choice for the real estate market due to a rapidly growing economy and increasing demand from tourists and visitors from around the globe. It is easy to get cost-effective deals on lucrative property whether you are looking to relocate permanently or just as an asset. You can choose a reliable real estate agent in order to get access to the thousands of properties readily available across the country. They will smoothen out the process of choosing and owning your ideal property in no time at all. Morocco is also rich in culture and diversity making it one of the top destinations in the real estate market worldwide.

Frequently asked questions about Moroccan property for sale

In order to buy a property, foreigners need a passport of their country. It would also be necessary to open a Moroccan bank account from which funds would be transferred to the owner of the site.
For a profitable investment, you can consider Casablanca and Agadir — the two most popular resorts of the country. They are considered promising because of the constant increase in prices. The cost of housing in Morocco here annually increases by 4-8%. Great investment attractiveness is also famous for the capital of the country — Rabat. Because of the regular influx of tourists any liquid facility bought here, will bring a good profit from the lease.
When buying residential real estate foreign persons need to pay a registration tax fee - 2.5% of the price of the property. There is also a land tax for all types of housing and a notary fee. In both cases, 1% of the value indicated in the sale of real estate in Morocco is paid.