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Morocco

 

Tangier, Casablanca, Marrakesh… A travel agent might sell Morocco as a dream destination. And so it is! But think very carefully before you buy a home there. Even as a holiday destination, travellers can find the hustlers and pickpockets a constant source of irritation, though properties for sale are usually well away from the bustling medinas. Never mind Rio Ferdinand’s much publicised purchase in Le Jardin de Fleur, John Howell, senior partner at The International Law Partnership was quoted in Overseas Property Professional saying: “Eighty-odd percent of developers  in  Morocco  refuse   point-blank   to

comply with the law that requires they provide bank guarantees. They try to make the contract subject to the law in Bermuda or Barbados or somewhere - it's all not satisfactory. Nothing works better than an old con trick; and in emerging markets (like Brazil, Bulgaria and Turkey) there are bigger margins, more temptation and it is easier to get away with it." Since Medsea plc underwrite guarantees with purchases only in selected countries, contact Let's Live Abroad! and we will endeavour to ensure your purchase with a trustworthy developer is as safe as possible.