Property Purchase for MRE (Moroccans Living Abroad)
This complete guide is specifically designed for Moroccans Living Abroad (MRE) who wish to buy property in Morocco. It covers all steps, legal rules, costs, administrative procedures, practical advice, and common mistakes to avoid in order to successfully complete your real estate project.
Can an MRE buy property in Morocco?
Yes, Moroccans living abroad (MRE) can freely purchase property in Morocco with the same rights as residents. The transaction is secure as long as the property is titled and has a registered land title with the Conservation Foncière.
What are the steps for an MRE to buy property in Morocco?
For an MRE, the main steps of a property purchase include: defining your project, finding the property, verifying the legal status, signing a preliminary sale agreement, completing the transaction with a notary, registering ownership, and transferring funds in compliance with foreign exchange regulations.
- Define your total budget
- Search for properties locally or remotely
- Verify the property's land title
- Sign a sale agreement
- Sign the final deed with a notary
- Register the property at the Conservation Foncière
- Comply with foreign exchange regulations when transferring funds
Why invest in real estate as an MRE?
Real estate is one of the preferred investments for MREs to secure their assets, generate attractive rental income, and prepare for a potential return to Morocco. Major cities such as Casablanca, Rabat, Marrakech, and Tangier offer strong rental demand and long-term property value growth.
- Dynamic real estate market
- Growing rental demand
- Retirement and heritage investment
- Attractive rental yields in urban areas
Which documents are required for an MRE to buy property?
An MRE must provide valid identification (passport or national ID), a Tax Identification Number (IF), proof of financing, and where applicable, a bank statement. The property must have a valid land title and up-to-date legal certificates.
- Passport or national identity card
- Tax Identification Number (IF)
- Proof of income or financing
- Valid land title
- Non-mortgage certificate and cadastral plan
How to finance a property purchase as an MRE?
Cash purchase
Many MREs choose to buy property in cash, as it simplifies the process and avoids taking out a mortgage. In this case, funds must be legally transferred through Moroccan banks in compliance with foreign exchange regulations.
Mortgage loan
Moroccan banks offer mortgage loans to MREs under certain conditions, including a significant down payment, strong creditworthiness, and guarantees. Interest rates vary depending on the bank and loan duration.
What are the property purchase costs for an MRE?
Property purchase costs also apply to MREs and typically represent between 7% and 10% of the purchase price. These include registration tax, land registry fees, notary fees, and administrative costs.
| Fee / Tax | Estimated Cost |
|---|---|
| Registration tax | ≈ 4% |
| Land registry fees | ≈ 1.5% |
| Notary fees | 1% to 1.5% + VAT |
| Administrative fees | Variable |
| Agency commission (if applicable) | 2% to 3% |
Administrative procedures specific to MREs
As an MRE, additional administrative steps may apply, including:
- Opening a Moroccan bank account if necessary
- Compliance with foreign exchange regulations for fund transfers
- Obtaining a Tax Identification Number (IF)
- Issuing a power of attorney if purchasing remotely
How to buy property remotely from abroad?
An MRE can purchase property remotely by granting power of attorney to a trusted person, lawyer, or notary based in Morocco. The power of attorney must be legalized in the country of residence and submitted to Moroccan authorities.
Practical tips for MRE buyers
- Work with a notary or legal advisor
- Verify the land title before any negotiation
- Compare multiple properties and neighborhoods
- Plan a full budget including all purchase costs
- Respect foreign exchange rules when transferring funds
FAQ - Property Purchase for MRE
Can an MRE buy multiple properties?
Yes, an MRE can purchase multiple properties, provided that all legal and administrative obligations are fulfilled for each transaction.
What if I am not in Morocco during the purchase?
You can grant power of attorney to a representative, lawyer, or notary to sign documents on your behalf. The power of attorney must be legalized in your country of residence.
What is the average timeframe to complete a purchase for an MRE?
The average timeframe to complete a property purchase is generally between 2 and 4 months, depending on administrative procedures and financing methods.
Do MREs pay additional taxes?
Property-related taxes are the same for MREs and residents. Rental income may be subject to Moroccan income tax if the property is rented, in accordance with local tax regulations.
Conclusion
Property purchase for MREs is an accessible and secure process, provided that you properly prepare your project, comply with legal procedures, verify documents, and manage financial transfers in line with foreign exchange regulations.