Mortgages, bank accounts, and moving money in and out of Morocco as a foreign property buyer.
I sold an apartment in Casablanca in 2021 and spent three months trying to figure out how to get my money back to Europe. Nobody warned me how complicated it would be. Banks gave me conflicting information. One notary told me I didn’t need anything special. He was wrong. If you’re looking at repatriating money…
I almost lost €40,000 because I trusted the wrong advice. When I started looking into buying & financing a property in Morocco, I thought it would be straightforward. I had budget. I had time. I even had a local contact who promised to “handle everything.” What I did not have was a clear understanding of…
A lot of people assume the answer is no. They think Morocco is one of those countries where, as a foreigner, you simply pay cash or you do not buy. I thought the same thing before I started seriously looking into it. The truth is that non-residents can absolutely get a mortgage in Morocco. Several…
Nobody told me I needed a special bank account just to legally own property in Morocco. I had found the apartment. I had negotiated the price. I had a notaire lined up. And then, about two weeks before signing, my lawyer mentioned almost casually that I would need a convertible dirham account to complete the…