HI sunnyshores,
this is very usual
overall cost of buying a property in Morocco is around 5% - 7% of the property value. (note: in the UK and in most European countries, buying costs are around 10%)
This is made up as follows:-
• Registration fees 2.5%
• Notary's Tax 0.5%
• Notary's fees 1.0% to a max of 2,500 Dirham
• Land registry 1.0% (to get title deeds)
• Sundry expenses 2,000 Dirham
• Lawyer (optional but recommended)
• Estate Agents (simsaar) fees (if using an agent) 2.5%
• VAT may or may not be added into the cost of the sale and depends on the developer, and whether the property is a new-build or resale. This is a fee that you’ll want to verify BEFORE signing anything.
• Cost of currency £0 to £1,000’s
If you need anything drop me an email
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