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Originally Posted by AustralianInvestor
Hi All,
I am an Australian property investor who has bought quite a few properties all over Australia, and now am looking into buying overseas, preferably Morocco. So I was wondering what would be the best avenues and approach would be? Maybe someone can answer some of my questions to start me off.
1) Do I just choose an agent and let them do all the work?
2) If so, can someone please give me good referrals on credible agents who can help me purchase property in Morocco?
3) Can someone provide me with a list of credible lawyers who I can use to purchase a property in Morocco?
3) Would it be possible to use equity from my current properties in Australia to establish a loan in Morocco?
I would love to chat to someone from Australia who has purchased multiple properties overseas, but at this point any help would be good help.
Thank you for taking the time to read my post and hope that there are people who can help me.
Much appreciated
Australian Property Investor
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Evening Austrailian Investor,
One of the difficulties in having a "European" agent doing all the work for you is the time difference. As much as many are willing to operate solely by email, there are times when it is essential to speak to the client. Yes, I am a European agent, which brings me to answer 2 - seek advice from as many as you can. Those who are credible will shine through. You can also see what other recommendations you receive from the forum and work with them. The most experienced lawyers I am aware of are Legalex and Manzanares - both based in Marbella Spain and easily tracable through an Internet Search engine (Keyword "Abogados"). Any finance you require will be based on your Morrocan property. Some lenders will allow 100%, but developers will require up to 40% deposit/stage payment during construction. Good luck with your investment.