Practical Guide to Buying a Second Home in Marrakech

Marrakech, the pearl of southern Morocco, is attracting more and more investors looking for a second home that combines comfort, authenticity and the good life. But before embarking on such a project, it's essential to be well informed to avoid the pitfalls and make a success of your property investment. Here's a detailed guide to help you do just that.

1. Defining your property plans

First and foremost, clarify your objectives:

• Type of property: Would you prefer a traditional riad in the medina, a contemporary villa in the Palmeraie or a modern flat in the Gueliz district?
• Use: Is it just for holidays, a seasonal rental, or a future retirement home?
• Budget: Determine a realistic budget, including ancillary costs (notary, agency, any renovation work).

2. Choosing the right district

Marrakech offers a wide variety of districts, each with its own atmosphere and advantages:

• Medina: For lovers of authenticity and traditional architecture.
• Gueliz: A modern district with shops, restaurants and amenities.
• Hivernage: Ideal for a luxurious setting and a residential atmosphere.
• Palmeraie: For those seeking peace and quiet and spacious properties.
• Agdal and Targa: Perfect for families and those looking for a secure residential setting.

3. Legal and administrative checks

• Land ownership: Check that the seller has title to the land and that the property is not encumbered by any mortgages.
• Status of the property: Check that building and residential permits are in order.
• Procedures for foreigners: Non-residents can buy property in Marrakech without restriction, but it is advisable to be accompanied by a notary.

4. Use local professionals

• Estate agency: A reliable local agency will help you identify the best opportunities and avoid unpleasant surprises.
• Notary: Mandatory to secure the transaction and check the legality of documents.
• Architect or property expert: Useful if renovations are required.

5. Additional budget requirements

When buying a second home, it's important to factor in the following costs:

• Notary fees: Approximately 1% to 2% of the purchase price.
• Registration fees: Between 4% and 6% depending on the type of property.
• Management and maintenance costs: Upkeep, security and any charges.
• Insurance: Protection against various risks.

6. Management and seasonal rental

If you don't use your property all year round, consider letting it out to make the most of your investment:

• Rental management: Use an agency to manage bookings and maintenance.
• Regulations: Check the formalities involved in letting your property to tourists, including obtaining authorisation from the local authorities.

7. Tax advantages

• VAT exemption: For certain types of new property.
• Secondary residence status: Check local tax arrangements if you plan to spend more than 183 days a year there.

Conclusion

Buying a second home in Marrakech is an excellent opportunity to enjoy the Moroccan way of life while making a profitable investment in your property. Good preparation, choosing the right area and the support of local professionals are the keys to a successful purchase. Need further advice or personalised support? Contact our agency to make your Marrakech property project a reality!