How to buy your villa in Marrakech without making a mistake? Follow our advice and increase your chances of success.

Marrakech is a popular destination for villa buyers due to its rich cultural heritage, warm and sunny climate and proximity to the Atlas Mountains. It presents itself as a popular destination for expats, where friendly communities have been formed for mutual support.

Buying a villa in Marrakech can be an exciting experience, but it's important to follow certain steps to avoid potential pitfalls and make a wise purchase. Here is the essential information to take into account to buy your villa in Marrakech.

 

The plan to follow to buy your villa in Marrakech

1. Establish your budget

Figuring out how much you can spend on a villa in Marrakech is the first step. Be sure to include all costs associated with the purchase, such as notary fees, taxes and any renovation costs.

2. Assess your needs

Determine what features you want in your villa, such as size, number of bedrooms, proximity to amenities, etc.

3. Work with a professional real estate agent

Real estate agents know the real estate market in Marrakech well and can help you find the villa of your dreams. They can also guide you through the buying process and help you negotiate prices.

4. Check the paperwork

Make sure all property related documents are in order and the villa is free of any litigation.

5. Inspect the property

Before signing the purchase contract, carefully inspect the villa to ensure that it meets your needs and that there are no hidden problems.

6. Negotiate the price

Do not be shy to negotiate the price of the villa with the seller. However, be sure to do so in a professional and respectful manner.

By following these steps, you can be sure of making a wise purchase when buying a villa in Marrakech. Remember to take the time to think about your needs and plan your purchase carefully to avoid unpleasant surprises.

 

Why choose Marrakech?

Why is Marrakech an attractive destination for an extended stay? First of all, this city is easily accessible from Paris in less than 3 hours by plane.

Secondly, it offers good value for money with an ideal combination of culture, services and a warm climate with little rain, for 11.15 Moroccan Dirhams for 1 euro.

Third, it enjoys a pleasant climate all year round with plenty of sunshine thanks to its location at the tip of North Africa.

Finally, the French language is widely used in Marrakech, although Arabic is the official language, thus facilitating exchanges.

 

Bet your offer on the villas of Marrakech

The real estate agent will forward your offer to the owner. If accepted, your lawyer will guide you through the next steps of the sale. Visit the villa and do a thorough inspection before making a decision.

Remember that an in-person inspection is important to avoid scams and disappointing surprises. A good interpreter and lawyer can protect you.

The legal system in Morocco consists of French influences and a mixture of Muslim and Jewish traditions. To achieve this, an experienced lawyer is necessary. If your offer is approved, your lawyer will inform you of the progress of the transaction. They will guide you every step of the way.

Remember, you are paying them to represent you. Do not hesitate to ask them questions during the sales process.

 

Is it possible for a non-resident foreigner to buy a villa in Morocco?

There is no obstacle to buying villas in Marrakech for non-residents, but they can only stay for 90 days on a tourist visa.

For a longer stay, contact The Customs and Indirect Tax Administration of Morocco for advice on applying for long-term residence duration.

 

Is it possible to take out a loan as a foreigner in Morocco?

· As a foreigner, you can obtain a loan of up to 50% of the total cost of buying real estate in Morocco.

· BMCI, BMCE and Arab Bank are available banking options.

· After receiving an agreement in principle from the chosen bank, visit the villas of Marrakech.

 

Costs related to the purchase of your villa in Marrakech

Are there any other costs associated with buying a property in Marrakech besides the price of the property? Yes, there are other costs to take into account when buying a property in Marrakech, such as the registration fee (6% of the value), legal costs (1% to 5% of value), stamp duty, land registry fees and notary fees.

The additional costs can be a significant sum, but villas in Marrakech remain affordable, even after adding 10% or more to the purchase costs.

 

Buying real estate in Morocco: SCI or not SCI?

The purchase of real estate in Morocco may involve the question of a financial package in SCI to secure the estate or reduce taxes. A real estate purchase (riad, apartment, villa, land) can be made in personal name or in SCI (French or Moroccan).

The SCI may have advantages for the estate, but the tax advantages are limited. Indeed, a French SCI does not exempt you from local taxes on property income. In addition, an SCI prohibits furnished rentals. It is therefore important to think about the reason for buying an SCI.

As for the choice between a French or Moroccan SCI, Moroccan legislation on SCIs is changing to fight against opacity.

If you are French, a French SCI is preferable but involves additional time for the translation and certification of the statutes.