Morocco is famous for its culture, its colour and its beautiful scenery, so it is no wonder so many people decide they want to own a property there after visiting the country. Currently there are no restrictions on foreign nationals buying property in Morocco, whether it is as a permanent residence, a second home, or simply an investment.

The Moroccan property market is growing fast as more and more investors look to the country, and this is having a positive effect on property prices too. Prices are rising, yet you still get far more for your money than you would buying in the UK. The low cost of living in the country means that a luxury lifestyle is fairly affordable and many wealthy investors purchase luxury properties at will.

Buying property and land in Morocco is very similar to buying in France or Spain as the conveyancing system is based on these countries There is no VAT to be paid by the buyer when they purchase property or land. Be aware, however, there is VAT put on notary and government registration fees so be sure to budget for this. If you are looking to build your own property in Morocco, or renovate an existing one, then VAT will be applicable on this work.

In recent years, the Moroccan Government has made it very easy for foreigners to purchase property and land in the country, by simplifying the process. That said, it is still very important that you always have a solicitor working through the process with you and it is always best to choose an agent and solicitor who has been in business for more than three years as this is a sign of their professionalism and reputation.

There are many steps that the government has taken to ensure that Morocco is attracting foreign investors and it is working. There are now many investors who buy property in Morocco for investment purposes, with many targeting the touristy areas and renting their property out during the peak season. There are also those who buy derelict or run down property, invest time and money in doing them up and selling them on again. A number of very wealthy investors have also taken to buying up whole apartment or hotel complexes and receiving a good income from these.

As a general rule, buying and selling property in Morocco is as simple for foreigners as it is for the locals, and the low rate of tax makes the country a prime destination. There is 0 per cent inheritance tax and no capital gains tax after ten years. There are also many other tax exemptions which attract buyers from all over the world.

Need help finding a property in Morocco?
If you’re in the hunt for a Moroccan home, whether it’s for holidays or a permanent move, a good place to start is the Morocco Buying Guide’s new property search facility. Here you can browse a range of properties from all over the country. To start your search now visit
http://www.moroccobuyingguide.com/content/morocco-properties