Morocco Information

If you are looking for a country where you can buy overseas investment property and be assured of a healthy economy, then Morocco has what you are looking for. It is possible for you to own your own traditional holiday home in Fez, for example, for the same price as you would pay for a car in the UK. Morocco is a delightful blend of the Islamic and the Western world and in many parts of the country foreigners are just as safe as they are at home. Most of the houses that sell for the low prices

The cost of living in Morocco is at least six to ten times cheaper than that of the UK. When you factor in the exceptional climate, you have the dream location for your holiday investment property. The top price of an expensive home in Morocco is about £45,000. – much cheaper than in other parts of Europe. With temperatures that don’t go below 15° even in winter and about 30°during the rest of the year, you can truly enjoy yourself here. There are sunny beaches, golf courses and glorious shopping malls where you can buy anything your heart desires. Spend your days on the beach, trekking in the mountains, taking a camel tour or shopping at the colourful markets.

Some of the popular locations where foreigners buy investment properties in Morocco include Marina Smir, Fez and Asilah. The people of Morocco are some of the most hospitable people you will meet anywhere in the world. It is not uncommon to be invited to dinner as soon as you are introduced and if you are honoured with such an invitation, it will be an unforgettable experience in the lavish display of food that you will receive. This could consist of a meal that has many courses and lasts for many hours.

While French and Arabic are the main languages for business purposes in Morocco, many of the resort locations have many people that speak English. The country has a free market economy that is growing at an average rate of 4% per year. There are no customs duties on products that you buy in this country and there is a small, but active stock exchange at Casablanca.

Buying property in Morocco is just the same as buying property in the UK. When you find the home you wish to buy and settle on a price, you do need to place a deposit on the property. With a lawyer’s help, you will have your deposit noted by a commissionaire, which makes it legal. However, it is also possible that the owners can sell the property to someone else and refund your deposit. Therefore, it is to your advantage to buy the house as soon as possible when the current owners are able to move out. If you buy the house for a deposit amount and pay the balance and taxes at a later date, you will also have to pay an additional fee. However, you can avoid this fee if you pay the taxes within 30 days, even if you haven’t paid the balance owing to the owners.

There are many annual events that take place in Morocco that you can be part of when you own property here. Join with the crowds enjoying daily entertainment of storytellers and musicians in the marketplace of Marrakech as you drink in the scents of the food cooking in earthenware pots. Once you come to Morocco, you will want to stay and become part of the culture. Purchasing a home here will provide you with the opportunity to fulfill your dreams.

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