BUY­ING OFF-PLAN IN MOROCCO

The Daily Telegraph - Property - - Going Places -

DO:

Check the back­ground of the de­vel­oper be­fore get­ting in­volved in an off-plan de­vel­op­ment. Check the sta­tus of the plan­ning per­mis­sion and own­er­ship of the land prior to re­serv­ing a prop­erty. Off-plan prop­er­ties are of­ten mar­keted be­fore de­vel­op­ers pur­chase the land or ob­tain plan­ning per­mis­sion.

Check with the Cen­tres of Re­gional In­vest­ments (CRI) (found in the cap­i­tal of ev­ery re­gion) on other build­ing works fore­casted to be tak­ing place close to your de­vel­op­ment, which could re­duce the value of your own. Most staff at CRIs speak English. Pay the £150 or so ex­tra to seek in­de­pen­dent le­gal ad­vice for check­ing over con­tracts. En­sure that VAT is in­cluded in the sales price.

DON’T:

Sign doc­u­ments if they have not been trans­lated into English. Sign the pre­lim­i­nary con­tract if it does not con­tain: Sales price Pay­ment sched­ule based on con­struc­tion stages as op­posed to dates Penal­ties for late de­liv­ery Rights to with­draw In­sur­ance or guar­an­tees for buy­ers should the de­vel­oper fail to com­plete.

Newspapers in English

Newspapers from UK

© PressReader. All rights reserved.