Country Information Morocco

A bit about Morocco

  • Good choice of areas
  • Low cost of living
  • Cosmopolitan and up and coming tourist destination
  • French and English widely spoken
  • Good mix of ages
  • Great weather conditions
  • Good investment potential

Property prices:

  • Coastal apartments from £20,000
  • Costal villas from £30,000
  • Plots from £20,000

Property purchase costs and procedure.

  • Allow 10% - 12% of purchase price to cover costs
  • Initial reservation deposit of between 1,000 and 2,000 pounds required
  • Contracts signed once searches carried out.
  • If buying a new development stage payments may be required
  • From offer to completion usually takes around six to eight weeks

Can I take a mortgage?

  • Maximum 50% mortgage for Morocco based Mortgage
  • Maximum term is 15 years
  • Interest rate as 7% - 8%
  • Proof of income is required

Getting there:

  • Wide choice of departure airports
  • Good mix of charter and scheduled flights
  • Also flight to Gibraltar and high speed ferry across

What about Jobs?

  • Work permit required

Can I take my Pet?

  • Certificate from European vet stating that the animal is free from major disease required/pet passport

Transferring money

  • Best rates available through money transfer specialists.

Driving licenses.

  • You can use your UK license in Morocco

What about schools?

  • Private English schools available in key areas

Some Key points

  • Always use a lawyer represented in Morocco when purchasing property.
  • Be aware of freelance agents