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Morocco property Morocco, the farthest west point in the Arab world, is becoming a hotspot property investment destination. Investing in Morocco property involves researching the legal and ownership issues, taxation and rental options. Discuss and debate these issues with investors who have bought a property in Morocco and share your views and opinions

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Buying in Morocco - Page 9

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  #81  
Old 27-08-2008, 10:54 PM
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Originally Posted by annatildesley View Post
Hi Tangier, thank you for your help. I bought the property for 3,027,000 dirhams and put down 31% (84,000euros). -the property price there has gone up by 20% since I bought, but to be honest I would be happy to sell for the same price I bought it at. I am selling for personal reasons, not because I dont believe in the project, I actually think the project is great and there are only 73 apartments in the whole complex, but I dont have a choice. I have the penthouse apartment facing the sea with two bedrooms and two bathrooms. It is approximatley 170sq. metres including terraces. The project is due for completion in October this year. If you look up Atlantic Magna there is a link to see a video of the apartments, how they are built and finishings etc.
Thanks,
Anna
Hi Anna
Its over the top in price put u can sell the property.
Here is a number of Agents all can be found on the net
(1) NREA.ma
(2) Immo Tanger 00212062278672
(3)Moroccan Propertyies.com
Nrea sold my property in 3days thay where good.

Goodluck in selling
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  #82  
Old 28-08-2008, 10:47 AM
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Thanks so much, will try them, wish me luck!!
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  #83  
Old 28-08-2008, 12:34 PM
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Originally Posted by annatildesley View Post
Thanks so much, will try them, wish me luck!!
I wish you goodluck

With Moroccan Properties tel number is 00212 39333286

All the best.

Tangier
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  #84  
Old 24-09-2008, 03:58 PM
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i didnt find it that difficult getting a mortgage and o.kused a broker but the process was fairly straight forward and i 've got mortgage in the UK and France
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  #85  
Old 13-10-2008, 02:24 PM
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I'm looking to buy on the atlantic coast, preferably near Agadir/Essa'ia. Does anyone know of any good developments along this coastline? Thanks.
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  #86  
Old 15-10-2008, 03:32 PM
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Originally Posted by Goodman View Post
I'm looking to buy on the atlantic coast, preferably near Agadir/Essa'ia. Does anyone know of any good developments along this coastline? Thanks.
If i was you, i think it would be best to hold on to your money. the property market i been told is going to drop by 30%????. that is a big drop it may even go down by 50%. I dont think that i would buy offplan at this time as a number of off plan in tangier have come to a holt. or even get a independant builder to build.

If you do buy and come to not like it- it's going to take a long time to sell any property in this market or even longer in Morocco.

I think it would be better to look at renting a property for the short time look at the market.........
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  #87  
Old 28-10-2008, 12:19 AM
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Default real estate market in morocco and mortgages

As far as I see it it's still raising. In Casablanca and Rabat especially. I've bot an apartment in Casablanca 2 years ago in Gauthier (center) for 8 500 Dhs / sq meter, and sold it in july 13 500 Dhs / sq meter.
I've bought in september two new apartments (one in Casa and one in Rabat) and the prices are keeping on raising slowly. There is not much speculation in the economic cities and the economy is growing fast, so prices might be up for a fairly long time.
The loans are getting as well easier to get. Two years ago it took me 4 months to get a local loan with a 6,3% interest rate. Now there are brokers in Morocco and the interest rates are way below what they used to be. You can get something like 5,25 %, and you get dirhams (I prefer to repay my loan in dirhams than in euros). The most efficient I found was CAFPI morocco. They can not remove the obligation to bring a 30% down payment, but they arrange all the loan and get low interest rates. They also went in person with me for the signing at the bank.
They have a website in english but it's not fully translated. They have a mortgage simulation tool that I fancy a lot though (check out on their website : cafpi maroc)

As far as real estate agents, there are as well a lot of international real estate agents on site now, and I do like better this than what I had to deal with two years ago. At least you know what you are dealing with and you can be sure that the property you're about to buy is legally for sale (bad experience in the past...)

Andre
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  #88  
Old 28-10-2008, 12:30 AM
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Default real estate agents in morocco

Hi
You can use the local 'samsara', they are efficient but it's a bit of a mess as far as communication.
My preferred option are the international real estate agents. They are pretty expensive (2 to 2,5%) but you'll get your money back as they usually sell more expensive.
Andre



Quote:
Originally Posted by annatildesley View Post
I have an apartment for sale in Atlantic Magna Tangier, would anyone know the best way of selling property in Morocco?
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  #89  
Old 28-10-2008, 06:30 PM
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Default URGENT - Lawyers dealing with problems in Morocco

Can anyone recommend a solictor/lawyer who can deal with problems relating to property/ agents etc in Morocco?

I need a shrewd lawyer who can get money back from dodgy companies. Anyone got any good contacts?

many thanks
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  #90  
Old 02-11-2008, 12:10 PM
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Originally Posted by debseason View Post
Can anyone recommend a solictor/lawyer who can deal with problems relating to property/ agents etc in Morocco?

I need a shrewd lawyer who can get money back from dodgy companies. Anyone got any good contacts?

many thanks
Hi i live in tangier i have just seen your email so i am asking did you get the Solicitor that you are looking for i use one he is good he speaks english and he can give you advice.

Please let me know if you need his contact..

Tangier
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