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Officially the Kingdom of Morocco, it is a country in the Maghreb region of North Africa. Geographically, Morocco is characterized by a rugged mountainous interior and large portions of desert. It is one of only three countries (with Spain and France) to have both Atlantic and Mediterranean coastlines. The Arabic name al-Mamlakah al-Maghribiyah (Arabic: المملكة المغربية‎, meaning "The Western Kingdom") and Al-Maghrib (Arabic: المغرب‎, meaning "The West") are commonly used as alternate names. Morocco is a constitutional monarchy with an elected parliament. The King of Morocco holds vast executive and legislative powers, especially over the military, foreign policy and religious affairs. Executive power is exercised by the government, while legislative power is vested in both the government and the two chambers of parliament, the Assembly of Representatives and the Assembly of Councillors. The king can issue decrees called dahirs, which have the force of law. He can also dissolve the parliament after consulting the Prime Minister and the president of the Constitutional court. Capital City is Rabat Largest City is Casablanca Real Estate on Offer There are two main types of property on offer in Morocco: traditional houses in the old quarters of historic towns and new, purpose-built off-plan resorts. The former vary in size and shape but are often in need of renovation, while the new properties are usually located either in modern coastal resorts or close to historic centres such as Marrakech. Gated and self-contained, they mainly consist of luxury three-bed townhouses with pools, although a range of apartments and villas is also available. Most developments are geared towards rental management, so they offer a full set of resort and concierge services, often including golf, restaurants and spa—and in coastal areas marinas.

33 million

Generally Moroccan has 4 seasons like the Mediterranean in the North and in some mountains (West of Atlas) The climate changes when moving east of the Atlas mountains due to the barrier, or shelter, effect of the mountain system, becoming very dry and extremely warm during the long summer, especially on the lowlands and on the valleys facing the Sahara.

Moroccan Dirham (MAD)

Morocco's predominant religion is Islam, while the official languages are Berber and Arabic. Moroccan Arabic, referred to as Darija, and French are also widely spoken.

Yes but there buying agricultural land is not allowed. Can a foreigner get a Moroccan residency when buying a property? Not through property ownership alone, you must register with the police and apply for a resident’s permit (Certificat d’Immatriculation). Applications should be submitted to the Bureau des Etrangers of the Préfecture de Police or Commissariat Central, in major cities, and to the Gendarmerie in small towns and villages.

Choosing the right Estate Agent Always select an established real estate agent who will find you the right property and be able to guide you through the preliminary negotiations with the seller. Choosing the right lawyer Once you have decided to go ahead with the purchase of a Moroccan property, for your own peace of mind you should always engage the services of a notary. For a list of notaries in Morocco you can contact the CNNM, National Chamber of Notaries of Morocco In addition, you should appoint a local Lawyer to provide independent advice and guidance. You should ensure that your notary checks the following: 1. Who is the legal owner of the property, do they have the right to sell. 2. Check the identity of the seller to prove they are who they say they are. 3. Check that the details of the property are correct, e.g. size and construction details etc. If any of these preliminary checks cannot be met your legal advisor should advise you not to proceed with the purchase, if you do so you do so at your own risk. Buying Process When you have found the property you like, you will make a verbal offer via your estate agent. Once a purchase price is agreed upon a preliminary contract is drawn up. At this stage a qualified lawyer should be appointed who is fluent in your language. He or she will undertake the necessary checks on the property and prepare the documentation. The buyer then needs to open a euro account with a bank in Morocco and transfer sterling or euros to this account. This currency is then converted to dirhams, with which the seller is paid. A deposit of between 10% and 30% is generally paid to secure a property, with the balance due at completion. The process takes an average of 6 to 8 weeks and the property is then registered with the Moroccan government in the name of the new owner. Mortgages • Available in Morocco up to 70% of the purchase price or valuation • The purchase can be made in euros, dollars or sterling • Normally over 15 years maximum, but can’t be extended beyond normal retirement age • Interest is negotiable at 5.5%-8% • Proof of income is required

As a general rule you should expect to pay around 6.5% of the property price. This covers lawyer’s fees, notary costs and registration. • Property registration fees 2% • Government taxes 2.5% • Notary fees 0.5% • Legal fees and various 1.5% • VAT is currently 2.5% in Morocco. In the case of old houses or land, VAT is charged only on the notary and government registration fees, not on the property or land itself. VAT is, however, payable on newly built property, renovation work and off-plan purchases • Estate Agent 2.5% Other costs to bear in mind are as follows: - Wills - Insurance

Most long-term leases require a minimum commitment of 6 months (sometimes a year), 1 month deposit if the property is not furnished and up to 3 months if it contains valuable furniture and appliances, the estate agent fee is usually 1 or 2 months rent, depending on the services included. Legal aspects Unlike purchase agreements, many rental agreements are formalized by private contract without the intervention of a notary. If the contract is made privately, it must be taken to the town hall for the signatures of the parts to be certified (“légalisées”), this gives the document greater legal validity. For tax reasons, it is compulsory that a copy of the contract be registered within the 30 days that follow the signing. The registering fee is 200 DH. Lease contract The following elements must be present in any lease contract (although some of them are facultative, they should be included to prevent conflicts between the parties): – Identification of the parties (owner and tenant) – Identification of the property – Starting day and length of the lease – Exact amount of monthly rent – Day of the month by which the rent must be paid – Method of payment – Purpose of the leasehold (residential, professional, commercial) – Period of notice for leaving the property if the duration if the agreement is open-ended – Exact amount of the deposit – Indication of which of the parts will be paying water, electricity and condo fees bills – Termination clauses – The duties of the tenant must be detailed, for example o Maintenance of the property in good condition o Notify the owner if the property is damaged o Ask for permission before undertaking any structural works o Not to sublease the property Renting via a agent Besides the property search and the negotiation with the owner, some estate agents offer a number of extra services: to carry out all administrative and legal procedures, to draw up the contract, to draw up and verify the “état des lieux”, to be the stakeholder for the deposit and to be in charge of transferring the money for the monthly payments (payment by bank direct debit is not common in Morocco). Deposit The amount of deposit is usually the equivalent to 1 month’s rent. But this can be raised up to 2 or 3 months rent for properties very well furnished or containing valuable elements. Often it is the estate agency that is in charge of keeping the deposit that the tenant has paid. This may help prevent conflicts between the parties, especially because the owner of the property will not be able to spend that money and then have problems to pay it back. The deposit is recovered after the tenant leaves the property. The expenses caused by damages to the property can be deducted from the total amount.