A Step-by-Step Guide to Buying Property in Marrakech

Purchasing property in Marrakech is an exciting opportunity, whether you’re looking for a holiday home, an investment property, or a traditional riad to restore. Understanding the buying process is essential to ensuring a smooth and successful transaction. Here, we provide a step-by-step guide to help you navigate every stage of buying property in this vibrant city.

1. Define Your Goals and Budget
Before you begin your property search, it’s important to define your goals and set a budget. Are you looking for a vacation home, an investment property, or a renovation project? Marrakech offers a range of properties, from traditional riads in the Medina to luxurious modern villas. Determining your goals and budget will help narrow down your options and make the search process more efficient.

2. Engage a Real Estate Agency
Working with a local real estate agency like Hawazine Property Marrakech can greatly simplify your search. We have in-depth knowledge of the market, can provide access to exclusive listings, and help you navigate the purchasing process. Our team can also help you identify properties with good investment potential or those ideal for renovation.

3. Property Search and Viewing
Once your goals are clear, start your property search. Your agent will help you identify suitable properties and arrange viewings. If you’re not in Marrakech, we offer virtual tours so you can explore properties remotely. During this stage, consider the property’s location, condition, potential for renovation, and how it matches your requirements.

4. Making an Offer
Once you find the property you want, the next step is making an offer. Negotiations are common, so it’s helpful to have an agent who can negotiate on your behalf to ensure you get the best possible price. Once both parties agree, a preliminary sales agreement ("Compromis de Vente") is signed.

5. Due Diligence and Legal Checks
Due diligence is a crucial step. This includes verifying the property’s title, checking for any outstanding debts or legal issues, and ensuring all permits are in order. Our team will assist you with this process. We will ensure that all paperwork is correct and protect your interests throughout the transaction.

6. Sign the Final Sales Contract
After completing due diligence, you will sign the final sales contract in front of a notary. The notary plays a critical role in property transactions in Morocco by ensuring that the sale is legally binding and all taxes are paid. This step formalizes the property transfer and makes it legally enforceable.

7. Payment and Registration
Once the final sales contract is signed, the payment process begins. Typically, a down payment is made when signing the preliminary agreement, and the remaining balance is paid upon completion. After payment, the property is registered in your name. Registration includes paying the property registration tax, which is typically around 4% of the purchase price.

8. Renovation and Moving In
If you purchased a property for renovation, the final step is planning the renovation work. Our team can assist with renovation project management, working with local craftsmen to bring your vision to life. Whether you’re restoring a riad or updating a villa, we’ll make sure your new property becomes the home you’ve always dreamed of.

Buying property in Marrakech can be a rewarding experience, but understanding the process is key to ensuring success. By defining your goals, engaging local experts, and following each step carefully, you can enjoy a smooth journey to owning a piece of this beautiful city. If you’re ready to take the next step, Hawazine Property Marrakech is here to guide you through every part of the journey. Let’s get started.