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Villa Kouri, Marrakech, Morocco

€15,000 Per Week

Sleeps 10-14 Main House - Sleeps 8 Guest House - Sleeps 6 Tennis Court & Croquet Lawn

This magnificent villa was designed by Karim El Achak, a leading Marrakech architect who spent 10 years studying and working in Italy although never losing his trademark style of simple and gracious pared down Moroccan form.

The property is set within 3 acres of mature gardens, punctuated with fragrant roses, lavender and olive trees ensuring serene privacy and calm from every aspect. The main house is built around the traditional Moroccan style courtyard, with 4 large suites. 3 of the four have fireplaces and all have large en suite bathrooms and dressing rooms.

The separate 3 bedroom guest house has its own sitting room, offering your guests or extended family privacy, yet without being too far away if the children and nanny are staying there.

The large swimming pool (pool heating is at an additional cost), table tennis, tennis courts and croquet lawns all ensure there is plenty to fill your day without the need to leave.

But if the wish surpassed you, the souk is a mere 20 minutes drive away with trendy, up market restaurants and bars along the road back to the centre of Marrakech. Golf clubs are a short drive away with many options to choose from and the airport is 25 minutes away by car so you could not be better positioned for a relaxing and easy holiday in the most sumptuous surroundings.

Accommodation & Amenities:

Main House - Master Bedroom with En-Suite Bathroom, Dressing Room, Fireplace and Terrace; 3 Further Double Bedrooms all with En-Suite Bathrooms, Dressing Rooms & Terraces; Large Sitting Room with Fireplace; Large Kitchen; Utility Room; TV Room with Fire Place; Guest WC; Main Terrace with Fireplace; Rooftop Terrace with Fire Place; Under floor Heating throughout Main House

Guest House - 2 Double Bedrooms with En-Suite Bathrooms; 1 Twin Bedroom with En-Suite Bathroom; Sitting Room; Kitchen

General - 15 x 5m Swimming Pool (Heating at an extra cost); Pool House with Bar, Changing Area and Bathroom; Tennis Court; Ping-Pong Table; Croquet; 2 Massage Tables; Wifi; Sky TV; DVD Player & DVDs; Bridge Table; Safes In all Bedrooms; Air conditioning in all Bedrooms; 3 acres of Mature Landscaped Gardens with Several Al Fresco Dining Spots

A BUYING GUIDE TO MOROCCO

Unless you have burning desire to buy a farm in Morocco (foreigners are not allowed to buy agricultural land), the property market is well established for Western buyers.

One barrier to remove is language, unless you speak good Arabic or possibly French. Otherwise, you will need an English-speaking local lawyer, and a very useful resource to find one is the UK Government’s website. This carries a list of lawyers known to the embassies there, (although this obviously comes with no specific recommendation).

You will also need a notary, and again the site carries a link to a list drawn from the National Chamber of Notaires.

For both, visit: https://www.gov.uk/guidance/buying-property-in-morocco

The notary, just as in other countries such as France and Spain, typically represents both seller and vendor. He/she will check the vendor’s identity; that they actually have a right to sell the property to you; and that the physical aspects of the property – size, construction etc – are accurate.

Once a price has been agreed, it is normal practice to pay a deposit of around 10%. You are then committed to go ahead with the purchase, and a signature on the final contract should take 6-8 weeks. Your lawyer should take care to ensure that the property is being sold with the consent of all interested parties (e.g. direct family members of the vendor).

Finance

Foreign nationals are allowed to take out a mortgage to finance their purchase, up to a maximum loan-to-value of 50% of the purchase price.
Your purchase will need to be paid in the local currency (the dirham). If you are transferring funds from the UK, it is often worth shopping around for the best currency conversion rate as this can make a considerable difference.
Costs

Every purchase is different, but as a rule of thumb, budget for 12%-17% of your purchase price in additional fees, taxes and charges.

As a buyer you will typically pay:

  • Your lawyer (we strongly recommend you use one), at a cost of up to 5% of the property value, plus 10% VAT.
  • A registration duty of 6%
  • Notary fees of between 0.5% and 1%
  • A land registry fee of 1%
  • Stamp duty of 1%
  • The ‘simsaar’s’ (local agent’s) fee of typically 2.5%

 

Please note: This article reflects Aylesford’s current understanding of property legislation in Morocco. It is offered for general guidance only; specialist legal and tax advice should always be taken for any property transaction.

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