Purchasing real estate in Marrakech involves navigating several legal processes. Here are key considerations:
Foreign Ownership: Foreigners can buy property in Morocco, but it’s essential to work with a licensed real estate agent and a local lawyer to ensure all legalities are met.
Due Diligence: Conducting thorough due diligence is crucial. This includes verifying property titles, ensuring there are no outstanding debts, and checking that all necessary permits are in place.
Notary Involvement: In Morocco, all real estate transactions must be notarized. The notary’s role is to ensure that the sale is legally binding and that all parties have fulfilled their obligations.
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