Actual Property Recommendation

Real EstateCongratulations on beginning the method of shopping for or promoting a home. Town has two distinct real estate markets: the Medina, and all the things else. Prosperous Moroccans have a tendency to purchase within the new part of Fez, Mr. Sola stated. Virtually all properties in the Medina are Moroccan-owned, usually handed down via families, he added. But when a foreigner does purchase property in Fez, it’s more likely to be within the Medina.

Please observe: You can solely apply for the licence after you’ve completed the qualification. The licence software is a separate course of that’s independently managed by REAA, and may take around a month. The earlier you complete the qualification, the sooner you’ll be able to apply for your licence and begin selling property.

It’s definitely worth the effort to be taught concerning the home buying and promoting course of; doing so may save you time, stress and cash. One approach to protect yourself is to be taught from the errors of others. The home is on the edge of the Medina, Fez’s Old Metropolis, a medieval labyrinth of properties, workshops, mosques, bustling marketplaces and slender alleyways, extensive sufficient for pedestrians and a few donkeys.

There aren’t any restrictions on foreigners — no nationality forbidden,” as Mr. Elsener put it. This home has clear title, an official documented historical past of earlier ownership. Within the Medina, solely about 10 percent of properties are in that class, and it gives their patrons a significant advantage. No one can come and say, ‘My grandparent gave me half of this house,’ ” Mr. Elsener stated. It is a very protected transaction.” And with out the title, the buyer may need been subjected to a prolonged bureaucratic course of and a charge of practically $9,000 in tax and legal fees, so as to get hold of proper documentation from the Metropolis of Fez.

There’s something thrilling about the concept of shopping for your own piece of land—uncooked, untouched property on which you’ll build your dream dwelling from the ground up. However selecting the perfect parcel can prove a bit extra complex than you’d anticipate. So know what’s involved before you dig in! We’re here that can assist you navigate this process.

The corporate administration includes Sameer Gehlaut – Chairman & Non-Exe.Director, Narendra Gehlaut – Vice Chairman & Exe.Director, Gurbans Singh – Joint Managing Director, Vishal Gaurishankar Damani – Joint Managing Director, Ashok Brijmohan Kacker – Non Govt Director, Bisheshwar Prasad Singh – Unbiased Director, Shamsher Singh Ahlawat – Independent Director, Labh Singh Sitara – Independent Director, Gyan Sudha Misra – Unbiased Director, Shamsher Singh Ahlawat – Impartial Director, Labh Singh Sitara – Impartial Director.