We
are in contact with the owners of houses, riads,
apartments and plots for sale both in the city,
in the country and along the coast. In addition,
we collaborate with established estate agents
in the area to offer you with many interesting
properties.
We
can inform you, above all, about the details of
the process of buying and selling a property.
In addition, we consider it important that you
fully understand what you are signing in front
of the notary and so, for this process, we recommend
that you use the services of a legal translator.
You
will undoubtedly want to know what the additional
costs involved in the purchase of property in
Morocco. It is normal to pay 2.5 % of the price
of the property to the estate agency for their
services. The notary, where the contract of sale
is signed, is paid 1%. And for inscription of
the property at the Property Registry, a further
5% tax is paid. Annual tax in the case of a private
property are minimal. In the case of a business
premises, the tax depends on the type of business.
Below
we give you some of the terms that may be useful
in finding your way round the property market
:
Bab
: city gate
Cabanon : weekend house, beach house
Douiria : small house connected to a riad
Hamam : Arab bath, sauna
Kasbah : fortress, rambling adobe house
Medina : historic centre
Minaret : tower of a mezquita
Riad : traditionally- constructed and decorated
house, extending over several floors in the old
heart of the city, with garden and fountain in
the inner patio.
Semsar : estate agent
Souk : market, collection of shops in the historic
city centre