Many people with completions on off plan purchases in Morocco are just beginning to understand the total implications of their purchase and the limited financing options they will have.
For formal information the Moroccan government has a very good official website. This web site explains current rules on purchasing, repatriation of profits and lending rates.
This website should be a bible to anyone who is considering buying in Morocco as it explains all the legal implications of the purchase as laid down by the Moroccan government rather than hearsay and misinterpretation.
One of the largest banks BCME reduced loan to purchase price to 50% last year but there are still a couple of lenders who will go to the maximum by law of 70% of purchase price. 70 % of purchase price not valuation is the law in Morocco and at least 30% of purchase price must have been visibly transferred to Morocco for the legal process of purchasing to be valid.
For details of Moroccan Mortgages we offer here.
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I like the info and will be linking back to you from my site. Also great looking site.
Fantastic. care to share your sources
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Great blog. Can’t wait to see what you come up with next!
Another interesting article from your blog
When will it stop….hopefully never
Very informative I will be linking back to you from my site and going to look around at your other posts.