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Expenses

Fees during the buying process

Stamp duty 2.5%
Legal fees 1.1%
Notary fees 0.5%
Land registry 1.5 to 2%
Dispatch fees About 500 DRh or €30
Misc (certificates) About 500 DRh or €30
  • In general you should budget for about 5% over the purchase price.
  • In Morocco VAT is charged on all new build properties at a rate of 14%.
  • For resale properties VAT is not applied.
  • In addition on some new resort developments there will be ongoing running costs of around €90 - €110 per month, including utility, maintenance and management charges.

Moroccan Bank Account

It is a requirement to open a Moroccan convertible Dirham Bank Account. Elite Morocco Properties can arrange this for you.