Guarantees required when buying a property in Marrakech
The guarantees you need when buying a property in Marrakech: a secure investment
What should I bear in mind when buying a property in Marrakech?
Marrakech, known as the red city, attracts many investors thanks to its dynamic economic and tourist development. However, buying a property is not something to be taken lightly, and requires careful thought and solid guarantees. Buying a property in Marrakech, whether to live in or to invest in, represents a major financial commitment. Here are the main guarantees to look for when buying a property in Marrakech, to ensure a secure investment.
Find out about the legal status of the property
Before concluding any purchase, it is essential to ensure that the property in question has all the legal documents required to be put up for sale. These documents include the title deed (or certificate of purchase) and the planning permission. It is essential to check that the property is free of any disputes and that it has all the necessary building permits. Visiting the property with a notaire can be a useful way of checking this information and avoiding any unpleasant surprises.
Ensuring the quality of construction and condition of the property
In addition to the legal aspects, it is important to assess the quality of the construction of the property. To do this, it is advisable to call in a building surveyor, who can check the general condition of the property, including the state of the communal areas, equipment and materials used. This will enable you to identify any problems and negotiate the price accordingly.
Request a full and detailed inventory of fixtures
Before finalising the purchase of a property, it is advisable to ask for a detailed inventory of fixtures describing the various elements of the property and their condition. This should include the quality of the equipment, the presence of any hidden defects, the condition of the electrical and sanitary installations, etc. This will also help you to negotiate a better price in the event of any repairs or work required.
Demand the deed of sale and a deposit
For maximum legal certainty, we recommend that you request the final deed of sale once all the details have been checked and discussed with the seller. This deed must be signed before a notary to be valid. In addition, before signing the deed of sale, it is customary to pay a deposit, usually between 5% and 10% of the sale price. This demonstrates the future buyer's interest and commitment.
Checking the conformity of the entire property project
When buying a property that is currently under construction, it is essential to check that it complies with current laws and regulations. This includes checking that the building permit issued by the local authority is in order.
Calling on a specialist lawyer
To ensure a secure property transaction, it may be a good idea to call on the services of a lawyer specialising in property law. He or she will be able to check all the documents and contracts, and advise you on the best options for protecting yourself in the event of a dispute.
In conclusion
In short, buying a property property in Marrakech You need to take all the necessary precautions to ensure that your investment is secure and profitable. It is important to find out about the legal status of the property, in particular by seeking the help of a notary, checking the quality of construction and the condition of the property itself, and requesting a full inventory of fixtures and fittings. It is also advisable to demand a deed of sale and a deposit, and to call in a specialist lawyer if necessary. If you follow this advice, you'll be able to invest in property in Marrakech with complete peace of mind. Don't hesitate to ask professionals in the sector for further information and to take all the necessary steps to ensure a successful and secure investment.
