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Dar Menebhi, Marrakech, Morocco

£2,065,000

An architect designed villa with 2 guest houses, private terraces, beautiful mature gardens, pool and tennis courts.

The main villa comprises of 936 square meters including a garage and 32 square meters of private terraces.

The house is surrounded by more than 3 hectares of mature gardens with walking paths throughout There is the option to buy (by separate negotiation) approximately 2 adjacent hectares of olive orchards.

Main Villa Features: " 5 bedrooms (3 bedrooms + 1 bedroom/office + 1 maid's bedroom) " 4 ½ bathrooms " Master bedroom suite with fireplace, walk-in dressing area and large bathroom with Jacuzzi " Staff bedroom and bathroom " Large reception " Dining room " Large entrance hall " Floor to ceiling library with fireplace " Large, eat in kitchen with marble countertops and handmade tile walls " Wine cellar " Hammam " Exercise room " Extra kitchenette near bedrooms " 2 car garage with storage space and direct entry to house plus car port " English courtyard extending from lower ground floor " Interior finishing of house includes cedar wood, marble and handmade zellige tiles " Magnificent Handcrafted cedar wood dome with traditional windows " All indoor wood is handcrafted cedar wood

Both Guest Houses Feature: " One bedroom " Moroccan living room " Kitchen " Bathroom " Private panoramic rooftop terrace plus private back garden terrace

Property Features: " Over 3 hectares of planted, mature gardens with roses, citrus trees, olive trees and walking paths " Panoramic view of Atlas mountains, quiet location, 20 minute drive to Marrakech " Large swimming pool and Jacuzzi " Clay tennis court " Large gazebo/pergola with barbecue area

Location: Route De Ourika about 30 minutes drive from Marrakech.

Please be aware prices may vary due to fluctuations in the exchange rate

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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