Buying a Home in Morocco




Morocco in North Africa is a popular part of the world for tourists, home buying and new development hunters as Morocco welcomes overseas property & home buyers. With next to no nt, leading the way to revitalising Morocco. Stable country coupled with booming home buying andrestrictions on foreigners home buying, property development areas are being erected to fuel the demand of second home owners and invest opportunity.





Popular, Morocco government is keen to drive through change throughout the entire country and home buying and property development is attracting foreign direct investme property market Morocco can offer a range of opportunities for all budgets and tastes. With Morocco being a warm climate and a country close to the equator it offers many months of sun with much less expensive property in comparison than other similar countries in the region.





With Morocco having a history of home buying & property ownership without deeds it is always best to check title deeds with older property. Older townhouses and land in Morocco tends to present a small problem when it comes to transferring title ownership as it takes much longer to secure deeds for a home & property without deeds. A new built home tends to provide a straight forward home buying ownership opportunity as new deeds and home ownership legal issues can arranged by your lawyer.





Buying Process





- Viewing trips to Morocco looking at potential property and homes.





- Deal direct with home owners with older property as this tends to be the normal practice. Also a good idea to consult with a good English





- English speaking estate agent that will provide suitable property and homes for you to look at.





- View property developers new built apartments and homes.





- Decide on a final price when home buying, which is another custom in Morocco.





- Agree a final price for the property or home.





- Gain the agreement of the home owner or owners to sell the property and accept the terms. - Appoint a lawyer to conduct a survey, legal checks, title deeds check and home ownership of the property.





- Preliminary contract is drawn up when both parties agree the change of home ownership that will detail all terms and conditions.





- Pay a deposit at the initial agreement stage which tends to be higher than other countries.





- Lawyer will also check to see if there is any outstanding debts on the property, as the new owner would inherit all debts when home buying in Morocco.





- In general a bank account in Morocco is required for the payment of property.





- When your professional lawyer and you are happy with the property and all documentation then the final agreement to transfer is initiated by paying the final outstanding balance owed on the purchase of the home.





- Your lawyer will then officially enter the property home buying sale with the government officials. Time period from agreeing a home buying or property purchase to registering the property under your ownership can take as little as a week or months depending on if there are any issues that arise through paperwork or planning.





Fees and taxes are charged around the rate of 6.5% for buildings and land at 1% of the total sales price.





Communicating





Morocco in towns & cities have all the modern means of communication such as broadband and dial up internet, fax, telegram, telephones and mobile telephone signals. Rural areas and the desert at times a mobile telephone signal is weak or no service available and you are very advisable to plan all living and travel in mind of health & safety. Post in and out of Morocco can be slow at time, although sending international or express postage or packages should be the same service as other countries offer. Travel





Airport





Several airports in Morocco, although not all service international flights and can be difficult seeing Morocco by plane with specifically chartering a pane yourself privately.





Roads





Major highways from city to city and towns and other minor roads throughout morocco are mostly usable. Driving around some parts of the country requires four wheeled drive vehicle as the road can range from a rough uneven surface, dirt, rocky and sand. Hiring a car is no problem and driving round major towns & cities which are well sign posted. Toll road payments are present in Morocco and are payable in advance if you wish to use a toll road.





Taxis





Petit Taxi Cheap and most affordable around morocco cities and major towns. Petit taxis are only permitted to ferry passengers in one specific town or city and are not allowed outside the city limits. Grand Taxi Usable for all over Morocco and can take you most places you wish to go. More expensive and comfortable and generally are all Mercedes cars. Good idea in tourist cities to ask for a set price before starting your journey.





Buses





Transportation by bus in Morocco is fairly cheap and in major towns and cities for is set cheap for people to use the bus and afford the fare at the same time. Getting around Morocco is possible by bus and all tourist and a lot of non tourist routes are serviced every day.





Trains





Reliable trains and almost always come on time are the best mode of transport to get around at an affordable price. As like other countries there is first and second class and standard differ according to the choice of carriage you choice to travel. Moroccan national railway company (ONCF office national des chemins de fer) is taking really good care of its customers: train stations throughout Morocco are well-equipped and clean and the personnel are very friendly.





ONCF Call center: 090 20 30 40 Website: http://www.oncf.ma At present the 3 main routes services are: " Tangier-Kenitra-Rabat-Casablanca " Casablanca-Marrakech " Oujda-Fes-Meknes-Kenitra There is also a train line which connects Casablanca to the Mohammed V international airport. Plans are in place to expand the rail network to service more towns and cities throughout Morocco.





Sea





Tangier from Spain, Casablanca and other ports on the coastline of Morocco can be accessed by the sea.





Medical Assistance





Always advisable to have comprehensive medical coverage before leaving home. Morocco has good hospitals, private clinics and doctor available 24 hours a day, although in some parts of the country it is difficult to access medical care. Remote areas and the desert could mean hours before medical assistance arrives and a means of summing help such as a mobile phone is ways advisable.





Ray Blanchett RC Property Worldwide



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Real Estate Property Investment Series: Focus Morocco 2007




The Moroccan government realised that the way forward for their nation in terms of creating employment and boosting the economy significantly was to increase tourism and to create an environment so attractive for investors that they would come in their droves and buy up real estate stock.





To that end the government has been promoting Morocco around the world - there is a permanent stand at Walt Disney World Resort in Florida heralding the virtues of this North African nation that practically touches Europe across the Mediterranean Sea that divides it from mainland Spain for example, and now the skies over Morocco are open to cheap flight operators from across Europe and the UK. The nation has year round sunshine and is directly south and a short flying time from affluent Western Europe and all of these factors are starting to affect Morocco positively.





In 2006 in the first nine months alone tourism traffic was up almost 10% on the previous year with revenue generated from tourism up almost 30% which proves that the government are targeting the 'right' sort of tourist - i.e., the ones who come, stay, enjoy and spend money in Morocco! Looking to the longer term the Moroccan government has plans to increase tourism until 10 million visitors annually enter the nation by 2010. There are even plans afoot to build a tunnel under the sea to connect Morocco to Gibraltar in Europe...





'But why all this information about tourism' I hear you ask?





Because it is the tourism market that property investors in Morocco are targeting. On the one hand they are targeting those seeking villa and apartment rental and on the other hand they are aware that today's holiday maker is tomorrow's second, retirement or holiday home buyer. And investors really are in Morocco buying up and developing real estate stock. Already six brand new coastal resorts are in the planning and development stages, money is flooding in from Dubai and Qatar based development companies and European buyers are purchasing off plan knowing full well that their real estate assets are appreciating even before they are completed and handed over. Buyers in 2007 have a chance to buy in ahead of the continued predicted rise in tourism and before Morocco is established in many people's minds as a place to invest in real estate.





Consider buying off plan and flipping stock or better still, simply buying and renting to the tourism market on the Atlantic or Mediterranean coasts or in the mountainous ski resort of Oukaimeden. Rental income is earned tax free in Morocco for the first five years and those who hold property for ten years or more pay no capital gains tax when they resell, furthermore one is not subject to local inheritance tax in Morocco either. In conclusion - Morocco offers an investor a wealth of opportunity. Basically an investor needs to consider his preferred investment approach and his target market and then seek suitable real estate with room for growth or with prospects for returning good yields.





Rhiannon Williamson writes about property investment worldwide, to read more about property investment in Morocco [http://www.amberlamb.com/index.php/property/morocco/] in 2007 and beyond visit her site [http://www.amberlamb.com]



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How to Get to Southern Africa From All the Major Continents




No matter which part of the world you are from, there is bound to be a fairly easy way for you to get to the part of Africa you wish to travel. You can fly from most major ports into South Africa with SAA. From there, you can get a connecting route to almost anywhere in Africa you please.





Other major airlines from Europe, Australia and America frequently have flights to South Africa. British Airways, Lufthansa and KLM are of the most frequent European Airlines. Emirates Airline has regular flights from the East.





The Emirates flight from Johannesburg via Dubai to London is sometimes a cheaper option than any of the direct airlines. Even though Australia is literally next to South Africa many times the Johannesburg, Dubai connections to Australia are the cheapest.





If there are no direct flights from your own country to the African country you are visiting, then you will need to get a connecting flight from OR Tambo airport in Johannesburg.





There are many internal flights available in Africa via the national airlines of the various countries.





There are a few South African airlines which offer cheap flights between the major cities of Durban, Cape Town and Johannesburg.





Their air crafts are most probably the ugliest on the tarmac but they get the job done and you won't ever get onto the wrong plane. Mango is very distinctly orange, the entire plane is orange. 1Time looks like a dirty red spot and Kulula a bright dark green overgrown bug.





The very adventurous might attempt driving from Europe through Africa. A ferry crossing from Spain will take you into Morocco. This is however not advisable for everybody. These kinds of trips require extreme planning.





Road networks in Africa are from average to bad to non-existent in certain places. Hospitals and medical services are few and far apart and not all African countries are safe to drive in if you are not an expert on schemes and bribery.





The Italian cruise liner, the MSC Melody, do some trips between Durban on the East Coast of Africa and Genoa in Italy. After the recent attack on this liner by pirates from Somalia this service might now be in jeopardy.





You can take a cruise on a boat around the islands of the Indian ocean off the coast of Durban. You could also visit Mauritius and the islands of Mozambique.





The ideal for any traveler coming to the Southern part of Africa will be to start the trip in South Africa and from there travel to the other African countries.





Jared Wright is the webmaster for the free learning community site, Clivir.com. Visit the links below to read more about related digital product issues including digital products review and Apple 3G iPhone tips.



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