Investors in Morocco property are subjected to a market that is heavily in favour of the off plan property market, as the country is seeing a boom in properties being built with the sole intention of selling them to foreign investors. The buying process reflects this drive by those in charge to encourage foreigners to put their money in the country by making things simple and protecting the buyer by law. As always, a local, trusted lawyer should be employed to oversee the transaction and make sure there are no legal or bureaucratic pitfalls.

After deciding on a property location and agreeing on a price, a formal agreement is made and a reservation fee is paid – usually of around £2,000 (approx. $4,000). After the agreement is made, the lawyer should conduct checks on the property to make sure there are no hidden snags and that everything is above board. Thirty days after the agreement has been made, a deposit of around 30 percent of the total is paid to the seller and contracts are signed, with a lawyer or notary to formalise the proceedings. Once these proceedings are out of the way (and when construction is finished, where applicable), the remainder of the fee is paid in full and any outstanding taxes or fees are paid.

Payable fees include applicable lawyer, estate agent and notary fees, usually amounting to around 6.5% of the total Moroccan Propery price. Other taxes and costs may be incurred on top of these charges.