Rabat Square
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Overview
A premium development in Morocco featuring apartments and residences arranged around a central square.
Building/Community Amenities
- Air Conditioning / Central A/C
- Business Center / Co-working Space
- Cafe / Coffee Bar
- Clubhouse / Resident Lounge
- Community Events
- Fitness Center / Gym
- Gated Community
- Heated Pool
- Hotel
- Jogging / Biking Trails
- On-site Retail / Shops
- Park
- Parking
- Playground / Kids Play Area
- Pool
- Restaurant (On-site)
- Spa / Wellness Center
- Sports Court / Facilities
- Tennis Court
Investment Insights
Legal & Ownership
Legal & Ownership Information
Ownership Structure
Ownership Rights
Full ownership rights (Freehold)
Foreign Ownership
Foreigners can legally purchase property in Morocco, but it's crucial to be aware of specific regulations, such as requiring a Moroccan bank account for transactions.
Tax Considerations
Property Taxes
property tax, which varies based on property type and location
Transfer Tax
purchase tax, typically around 4% of the property value
Inheritance Tax
Capital gains tax is applicable on the profit from property sales, usually at a rate of 20%
Important Considerations
Restrictions
- Property ownership laws in Morocco allow freehold ownership for foreigners, but certain restrictions apply to agricultural land purchases.
- There are no specific restrictions on property types foreigners can buy, but engaging a local lawyer is recommended to navigate the legal landscape.
Required Documents
- Hire a local lawyer to review legal documents and ensure compliance with Moroccan property laws.
Financing Options
Financing Options
Financing in Morocco
Morocco offers an enticing array of property financing options for foreign buyers, making it an attractive destination for international real estate investment. Typically, lenders in Morocco provide a loan-to-value (LTV) ratio of up to 70%, allowing buyers to secure substantial funding. The nation's growing economy and stable political environment further enhance its appeal. With competitive mortgage rates compared to many Western countries, Morocco is becoming a hotspot for savvy investors seeking to diversify their property portfolios.
Requirements for Foreign Buyers
- 1Valid passport
- 2Proof of income
- 3Recent bank statements
- 4Credit report from home country
- 5Down payment of at least 30%
- 6Property valuation report
- 7Tax identification number
