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Buying property in Morocco from abroad
Clarify your goal: primary residence, investment property, or retirement home. Choose your city and property type. Set your total budget including acquisition costs (4–7%).
Moroccan passport, proof of foreign address (< 3 months), last 3 payslips or financial statements, 3 months bank statements, Moroccan bank account number (MRE account).
In Morocco, a notary is mandatory for every property transaction. They draft the sale agreement, verify the land title, and prepare the authentic deed.
Funds can be freely transferred via your European bank to a convertible MAD account in Morocco. Moroccan banks offer MRE mortgages with a minimum down payment of 20–30%.
Budget 6–7% of the purchase price: registration fees (4%), land registry (1.5%), notary fees (1%), plus VAT on professional fees.
As an MRE you can freely repatriate rental income and sale proceeds, provided the original financing was in foreign currency.
Exemption from capital gains tax on primary residence after 8 years of ownership.
Double taxation treaties between Morocco and most European countries.
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