Why investing in new real estate in Morocco is a good idea

Sep 9, 2024

A large glass building

New real estate is attracting more and more investors in Morocco. Whether for resale, rental, or as a primary residence, buying a new property offers many advantages.

If you are wondering why new real estate might be a better choice than an old property, this article explores the reasons why this type of investment often proves beneficial, whether financially, practically, or in terms of comfort.

A turnkey property: no work, no stress

Investing in a new property means you are buying a home that has just been built, without any wear, degradation, or need for repairs. This is a huge advantage for those who do not want to embark on heavy and costly renovations.

Total peace of mind

When you buy a new property, you don't have to worry about hidden problems you might encounter with an old property, such as leaks, damp walls, or outdated electrical installations. You benefit from modern construction that complies with current standards, ensuring peace of mind.

Imagine moving into a home where everything is new and functional, without having to deal with unexpected work or renovations. You just have to unpack your bags and enjoy.

Unlike an old house, which often requires renovation work before it is habitable, a new apartment in Rabat or Casablanca is delivered ready to use, with modern finishes and recent equipment.

Solid guarantees to protect your investment

Another major advantage of new real estate is the legal guarantees that cover construction. In Morocco, new properties benefit from a ten-year warranty, covering major construction defects for ten years. You are also covered by the one-year perfect completion guarantee, which covers all construction or finishing defects.

If you buy off-plan, make sure the developer offers solid guarantees and that the property complies with current standards.

Energy savings and an eco-friendly home

New properties meet the latest energy standards, meaning their energy consumption is much lower than that of old properties. These energy savings translate into reduced bills while positively impacting the environment.

Environmentally compliant construction

Real estate developers in Morocco are increasingly incorporating ecological criteria into their projects. These homes often have better thermal insulation, double-glazed windows, and more efficient heating or air conditioning systems. By reducing energy consumption, you not only save money in the long term but also contribute to environmental protection.

By investing in a new property, you make a gesture for the future by opting for a more planet-friendly home. You thus leave a greener legacy for future generations.

In projects like 'Casa Green Town' in Casablanca, homes are built with durable materials and feature modern energy equipment, ensuring significant savings on electricity bills.

Savings on maintenance costs

A new property is also cheaper in terms of maintenance and upkeep. As the installations are new, you have few repairs to carry out for several years, which eases your budget and allows you to better control your finances.

If you opt for a rental investment, choosing a new property will save you from frequent repairs, thus allowing you to maximize your rental yields.

A favorable tax advantage for first-time homebuyers

The Moroccan government encourages homeownership, particularly for first-time buyers. Buying a new property in Morocco allows you to benefit from certain tax advantages, which can make your investment even more attractive.

Exemption from VAT for certain purchases

If you buy a new property as a first-time buyer to make it your main residence, you may be exempt from VAT under certain conditions, which represents a significant saving. This measure is part of the state's policy to facilitate access to property for young families and new buyers.

By buying a new apartment in Tangier for your first main residence, you could benefit from a tax exemption, thus reducing the total cost of your investment.

Consult your notary or developer to find out if you are eligible for these tax exemptions and thus optimize your purchase.

A modern property adapted to new needs

The real estate market is evolving rapidly, and new real estate projects are often designed to meet the expectations of modern buyers. New properties offer layouts and equipment in line with current lifestyles.

Spaces optimized for comfort

New homes are designed to maximize space and the comfort of the occupants. They are often more functional, with better-planned layouts, integrated storage, and common areas that facilitate community living. These properties also meet current requirements, such as Internet connectivity or modern security installations.

In a new project in Rabat, you will find smartly designed apartments, with open kitchens, modern bathrooms, and spacious balconies, thus offering a better quality of life on a daily basis.

By buying a new property, you invest in a modern and comfortable living environment, adapted to your needs and those of your family. You will not have to adapt to an outdated or poorly designed home.

Modern collective facilities

Many new projects also include modern collective facilities, such as gyms, swimming pools, or green spaces. These additional services add value to your property and improve your quality of life, while increasing its appeal to potential tenants or future buyers.

If you are looking to maximize the resale value of your property, opt for a new real estate project that offers collective facilities. These services often make the difference when selling or renting a property.

A booming real estate market in Morocco

The new real estate market in Morocco is booming, particularly in large cities and tourist areas. Investment opportunities are numerous, whether for a primary residence or rental investment. Buying in a new project allows you to take advantage of the market dynamics while anticipating the future appreciation of your property.

Rapid appreciation in developing areas

New neighborhoods, which are expanding rapidly, often benefit from modern infrastructure and an attractive living environment. Investing in these areas, where prices are still accessible, allows for long-term capital gains, especially if the neighborhood develops quickly.

Find out about infrastructure projects and urban development plans in the region where you are considering buying. This will give you an idea of the potential for long-term appreciation.

Conclusion: A secure and promising investment

Investing in new real estate in Morocco presents many advantages, both financially and practically. Between the absence of work, energy savings, solid guarantees, and tax advantages, new properties often prove to be a wise choice.

Furthermore, with a booming market and modern properties adapted to new lifestyles, new real estate offers excellent long-term appreciation potential.

If you are ready to take the leap, explore the new real estate offers on Housing Place and find out how to make the best investment for your future.