Real estate investments in Morocco: everything you need to know
The nation with the capital Rabat is a monarchy that is beginning to dominate the real estate market. Many foreigners decide to invest in this warm and welcoming land.
Buying a property in Morocco is a choice that may seem risky but the data confirm quite the contrary: investing in Morocco is worthwhile!
Let's start from the basic concepts.
The Moroccan currency is the Dirham. one euro corresponds to 11 dirhams and this allows all citizens belonging to countries with this currency to be greatly facilitated.
The cost of living is lower than the European average. Just think that a dinner in a great restaurant you spend about 5 euros (twice as much if you want a luxury restaurant).
The languages spoken are different, and is therefore a huge advantage for all those who do not know the official language and want to face the reality of Morocco.
French is particularly used in both public administration and education, but also Spanish and English allow you to move smoothly.
The climate is different according to the areas taken into account.
On the northern coast (we are talking about Al Hoceima) we find a typically Mediterranean climate, while in the area of the capital and Casablanca there is the Atlantic.
Large changes in temperature are recorded in the areas of Marrakech and Fes.
Saharan temperatures are present in southern Morocco.
What permits are required to live in Morocco?
The tourist visa is valid for 90 days and is extended for as many as 90. To live in Morocco, however, you must apply for a residence permit at the Suretè Nationale.
Let's see what the situation is like in Morocco with regard to the apartments.
Of course, everything depends on the area and the city.
On the real estate market Casablanca is less convenient than Marrakech).
The average of the apartments subject to lease contracts is 300 euros per month in the center, but in the suburbs is halved.
Buying an apartment in the heart of Casablanca instead provides a minimum expenditure of 70,000 euros but you can also find at 30,000 euros in fewer apartments in the suburbs of the city.
The political stability makes Morocco a safe state that also attracts tourists afraid to visit other neighboring countries.
Thanks to recent reforms, the state has become the most modern in all of North Africa.
For more related information we invite you to read our daily real estate news.
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Real estate investments in Morocco: everything you need to know The nation with the capital Rabat is a monarchy that is beginning to dominate the real estate market. Many foreigners decide to invest in this warm and welcoming land. Buying a property in Morocco is a choice that may seem risky buts s...
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