01 October 2024
The Property Profit Tax (TPI), also known as the capital gains tax, is a tax levied on the profit realized from the sale of real estate in Morocco. This tax applies to both Moroccan residents and foreigners.
What is the TPI?
The TPI is a tax imposed on the capital gain realized upon the sale of a property. The capital gain is the difference between the selling price of the property and the initial purchase price, taking eligible expenses into account.
Calculation of the TPI
The taxable capital gain is calculated as follows:
Gross capital gain = Selling price - Purchase price
Net capital gain = Gross capital gain - Eligible expenses (notary fees, renovation costs, etc.)
The tax rate on real estate capital gains is 20% of the net capital gain realized on the sale.
Exemptions from the TPI
In certain cases, the seller may be exempt from this tax:
Primary residence: If the property sold has been the seller's primary residence for a minimum period of 6 years prior to the sale, the seller is exempt from TPI.
Small transactions: If the selling price of the property is less than 1 million dirhams, the seller is also exempt from the TPI.
Inheritance: Inherited properties may qualify for a TPI exemption under certain conditions.
Deductions and eligible expenses
Acquisition costs: These costs include the initial purchase price, as well as notary and registration fees paid when acquiring the property.
Renovation costs: Expenses related to property improvements can be deducted from the gross capital gain, provided official invoices are presented. These improvements must have added value to the property (enhancements, renovations).
Long-term holding reduction: A reduction may apply based on the duration of property ownership, allowing for adjustments to the capital gain based on inflation and age.
Declaration and payment
The TPI must be declared and paid to the Moroccan tax authorities within 30 days following the date of the property sale. Generally, the payment management of the TPI is handled by the notary during the real estate transaction to ensure compliance with legal obligations.
Special Cases
Non-residents: Foreigners owning real estate in Morocco are subject to the same TPI rules as Moroccan citizens. They must pay the tax on the capital gain realized from the sale.
Co-ownership: If the property is held in co-ownership, each co-owner is responsible for declaring and paying the TPI based on their share in the property.
Recent reforms and updates
It is important to keep track of legal and tax developments related to the TPI, as reforms may affect rates, exemptions, or application conditions. Depending on new laws, certain provisions may evolve.
The Property Profit Tax (TPI) is an essential component to consider when selling real estate in Morocco. A good understanding of its mechanisms and potential exemptions can help maximize the gains from the transaction. It is advisable to consult a notary or a tax advisor to ensure compliance with all legal obligations and optimize the process.
29 August 2024
Marrakech, a city where ancient traditions meet modern luxuries, has always captivated those who wander through its bustling souks and serene gardens. But beyond the enchantment lies a thriving real estate market that is quietly gaining momentum, drawing the attention of both local and international investors.
In recent years, Marrakech has seen a remarkable transformation. The city’s real estate landscape, once dominated by traditional riads and historic villas, now offers a diverse range of properties. From sleek, contemporary apartments to expansive estates in the Palmeraie, there’s something to suit every taste. This variety, coupled with the city’s unique charm, has made Marrakech a compelling choice for those seeking a sound investment and a slice of Moroccan life.
Investors are increasingly attracted by Marrakech’s potential for high returns. The city’s popularity as a year-round tourist destination ensures a steady demand for holiday rentals, making it an ideal spot for those looking to capitalize on the booming short-term rental market. Moreover, the Moroccan government’s ongoing efforts to improve infrastructure and transportation links are making the city more accessible and, consequently, more attractive to potential buyers.
Yet, what truly sets Marrakech apart is the seamless blend of old and new. The medina, with its labyrinthine streets and centuries-old architecture, sits comfortably alongside modern developments that cater to contemporary lifestyles. This juxtaposition creates a unique investment opportunity: the chance to own a property that embodies the essence of Marrakech while benefiting from the conveniences of modern living.
Navigating this dynamic market can be challenging, which is why many turn to trusted experts like KNA real estate agency Marrakech KNA. With a deep understanding of the local market and a commitment to personalized service, they guide clients through the complexities of buying and selling property in this ever-evolving city.
As Marrakech continues to evolve, its real estate market stands at a crossroads, offering both promise and potential. For those who are captivated by the city’s allure, now is the time to explore what Marrakech has to offer.
29 July 2024
Ref: VMAAMI191
🌟 New Exclusive Listing by KNA 🌟
Step into a world of elegance and modern luxury with our latest exclusive property – a stunning contemporary villa in Marrakech. Nestled in a secure residence on the Route d’Amizmiz, just 15 minutes from the heart of the city, this villa promises a unique blend of comfort, style, and sophistication.
Villa Highlights
Land Area: 1,018 m²
Living Area: 650 m²
Exceptional Features:
Ground Floor:
Elegant Entryways: Choose between a grand main entrance or a convenient kitchen entry.
Spacious Double Living Room: Enjoy a beautifully airy space with a cozy area featuring two swings and a fireplace, creating a perfect separation from the charming TV lounge.
Dining Room: Perfect for intimate dinners, accommodating up to 6 people.
State-of-the-Art American Kitchen: Equipped with top-of-the-line AEG appliances, including a large cooking plate, built-in hood, two ovens, and two refrigerators. The kitchen also features Blum brand drawers, a Dectone worktop, and a central island with two high stools.
Luxurious Bedroom: Includes an en-suite bathroom, TV, built-in wardrobes, and a furnished terrace.
Guest Toilet: With a stylish double sink.
First Floor:
Master Suite: A spacious retreat with an en-suite bathroom, open and closed wardrobes, a large dressing room, and a separate shower room. Enjoy stunning views from the balcony overlooking the pool and the Atlas Mountains.
Additional Bedrooms: Featuring en-suite bathrooms, built-in wardrobes, and reversible air conditioning. One bedroom is currently used as an office, ideal for remote work.
Basement:
Entertainment Hub: Includes a billiard area, bar, and a stylish fitness room with wall murals and an exterior courtyard.
Home Theater: A 60 m² cinema room equipped with large sofas, a buffet, giant statues, a 3x2 m screen, and all the amenities for a luxurious movie experience.
Maid’s Quarters: Complete with an en-suite bathroom, TV, and reversible air conditioning.
Laundry Room: Featuring AEG appliances and additional storage.
Storage Space: Includes a closed cave under the stairs.
Outdoor Paradise:
Meticulously Landscaped Garden: Enjoy a well-maintained, tastefully designed garden.
Heated Pool: A 10 x 5 m pool with a glass partition separating it from the lounge area.
Outdoor Lounge: Perfect for relaxing by the pool.
Outdoor Fireplace: Ideal for cozy evenings.
Car Shelter: Space for two cars.
Sunbeds: Four comfortable beds for ultimate relaxation.
Why You'll Love This Villa:
24/7 Security: Located in a secure residence with only 13 exclusive villas.
Stunning Views: Breathtaking vistas of the Atlas Mountains.
Modern Comforts: Enjoy underfloor heating, high-quality Porcelanosa flooring, and top-brand fixtures and fittings.
Price:
1,380,000 euros (furnished)
This villa is not just a home; it's a lifestyle. Embrace the luxury of modern living in one of Marrakech’s most sought-after locations.
For more details or to arrange a viewing, don’t hesitate to contact us. Seize this rare opportunity and make this dream villa your new home.
Exclusively at KNA
18 April 2024
Becoming a homeowner is a major milestone in life, often symbolizing the realization of a dream. However, this process can seem intimidating, especially when it comes to buying new. In Nice, a magnificent city on the Côte d'Azur, the Nice Immobilier Agency accompanies you at every stage of this journey.
Step 1: Assess Project Viability
Before diving into property searches, start by assessing your financial capacity. Make an appointment with a banking advisor to review your finances and determine your real estate budget. This step is crucial because it gives you a clear idea of what you can afford.
Practical advice:
Use online tools such as mortgage simulators to estimate your monthly mortgage payments and your borrowing capacity. This will help you refine your budget and better plan your project.
Step 2: Carefully Target Assets
Once you have a clear idea of your budget, it's time to start looking for properties that match your criteria. In Nice, the variety of real estate offers is vast,
ranging from luxury apartments on the Promenade des Anglais to charming houses in the hinterland.
Points to Consider:
• Size and type of accommodation: Determine how many bedrooms you need and whether you prefer an apartment or a house.
• Amenities: Look for features such as a balcony, terrace or garden, depending on your personal preferences.
• Location: Consider proximity to amenities such as schools, shops and public transport, as well as access to green spaces and beaches.
Step 3: Sign the Reservation Contract
Once you have found the property of your dreams, it is time to reserve it. This is done by signing a reservation contract with the new real estate developer in Nice. This contract establishes the terms of the transaction and often includes the payment of a security deposit.
Key Points of the Reservation Contract:
• Detailed description of the property: The contract must specify all the characteristics of the accommodation, including its size, equipment and location.
• Sales price: The contract must indicate the agreed sales price and the payment terms.
• Construction schedule: It should also provide information on construction times and the expected date of delivery of the property.
Step 4: Create the Financing File
With the property reserved, it is time to finalize your financing. Contact several banks and lending agencies to obtain competitive loan offers. Compare interest rates, fees and repayment terms to find the best deal.
Required Documentation:
• Bank statements and pay slips: To prove your income and your repayment capacity.
• Identity document and proof of address: To verify your identity and residence.
• Reservation contract: To prove that you have a property to purchase.
Step 5: Sign the Final Sales Contract
Once your home loan has been approved and all conditions have been met, you can proceed to signing the final sales contract. This is done at the notary and marks the official transfer of ownership.
Content of the Sales Contract:
• Detailed description of the property: It includes all the information provided in the contract.
Reservation.
• Payment terms: It specifies the details concerning the payment of the balance of the sale price.
• Legal guarantees: It mentions the guarantees you benefit from as a buyer.
Step 6: Handing over the keys
The final step is key handover, where you officially receive ownership. It's an exciting moment when you can finally enter your new home in Nice.
Initial Inspection:
Before taking possession, carry out a careful inspection to identify possible defects or poor workmanship. Report them to the promoter so that they can be corrected as soon as possible.
Becoming a new property owner in Nice is an enriching but complex process. With the Nice Immobilier Agency at your side, each step is carefully managed to provide you with a stress-free experience and a smooth transition to your new life in your property in Nice.
08 February 2024
Villas sale Marrakech
Have you decided to put your property for sale in Marrakech, but do you want to avoid long waiting times and conclude the transaction quickly? Do not look any further.
Here are the foolproof strategies to sell your property more quickly and efficiently.
Highlight your property’s assets
The first crucial step to selling your property quickly is to present it in the best light. Make sure the property is clean, well-maintained and depersonalized. Professional quality photographs highlighting the strong points of your property are essential to attract potential buyers. You can also carry out Home Staging to make your home more presentable.
Take advantage of additional advice to better sell your property on Laveilledelimmobilier.fr
Set a price consistent with the local market
The pricing of your property plays a determining role in how quickly it sells. Conduct in-depth research on the Marrakech real estate market to determine a competitive and attractive price. Pricing too high can deter buyers, while a fair and reasonable price will attract more interest.
Use a local real estate agency
Working with a local real estate agency in Marrakech can greatly speed up the sales process. Experienced real estate agents have in-depth knowledge of the local market, as well as an extensive network of potential buyers. Their expertise and experience will help you navigate the sales process effectively.
Use a multi-channel marketing strategy
Marketing your property through different channels is essential to reach a wide audience of potential buyers. In addition to online platforms such as real estate agency websites and social media, consider advertisements in local newspapers and signage near your property to increase visibility.
Organize structured and flexible visits
Make it easier to visit your property by organizing structured and flexible visits. Make sure the property is available to view at convenient times for potential buyers. Well-planned, hassle-free tours can generate immediate interest and speed up the sales process.
Be flexible in terms of negotiation
Flexibility in negotiation is crucial to quickly closing the sale of your property. Be prepared to negotiate on price, payment terms and any repairs or improvements requested by the buyer. An open and collaborative approach can make it easier to close a transaction as quickly as possible.
Remain responsive and engaged
Finally, remain responsive and engaged throughout the sales process. Respond promptly to potential buyers' questions, provide requested information as quickly as possible, and demonstrate your willingness to complete the transaction efficiently and transparently. An engaged and cooperative salesperson inspires trust and promotes a quick conclusion of the sale.
Offer exciting benefits
To attract more potential buyers and stimulate interest in your property, consider offering attractive perks. This may include benefits such as a long sale or even the inclusion of additional equipment in the deal. Well-designed incentives can give your property a competitive edge in the market and encourage buyers to act quickly.
Present a complete and organized file
Make the purchasing process easier for potential buyers by presenting a complete and organized file for your property. This includes all relevant documents such as title deed, building plans, building permits and land surveys. A well-prepared and easily accessible file demonstrates your professionalism as a seller and reinforces buyers' confidence in the transaction.
By following these foolproof strategies, you can maximize your chances of quickly selling your property in Marrakech. Use a trusted local real estate agency, highlight the strengths of your property and be prepared to negotiate flexibly. With the right approach and commitment, you can close a successful sale as quickly as possible.
23 August 2023
Marrakech, with its bewitching charm, sunny climate and thriving cultural scene, has become one of the most sought-after destinations for real estate investors. Here are some reasons why investing in real estate in Marrakech can be a lucrative opportunity:
Appreciation of Value: The real estate market in Marrakech is constantly growing. Investors benefit from a large supply of residential and commercial properties, which can lead to significant appreciation in property value over the long term.
Growing market
Marrakech is experiencing sustained economic development, with an increase in tourism, modern infrastructure and a growing demand for quality accommodation. This creates an environment conducive to real estate investment.
Attractiveness for foreign investors
Morocco has put in place measures to encourage foreign investment in real estate, which makes it easier for non-residents to buy real estate. This opens the door to an international clientele of potential buyers and tenants.
N.B: More information on request (contact@kna.ma)
Prosperous Vacation Rental
As a popular tourist destination, Marrakech offers excellent vacation rental opportunities. Investors can generate substantial income by renting out their Properties to visitors seeking an authentic experience.
Quality of life and lifestyle
Buying a property in Marrakech is not just a simple financial investment, it is also an investment in a comfortable and enjoyable lifestyle. Residents enjoy an exceptional quality of life, between rich cultural heritage, entertainment options and unique culinary delights.
Our team of real estate experts in Marrakech is here to guide you through every step of your investment journey. Whether you want to acquire a luxury villa, a traditional Riad or a modern apartment, we have the knowledge and experience to help you make informed decisions.
Investing in real estate in Marrakech means investing in a city that is evolving while preserving its unique identity. Discover the lucrative benefits of real estate in Marrakech and be part of history by creating opportunities for yourself and future generations.
16 August 2023
Welcome to our blog dedicated to the exclusivity and refinement of Marrakech! If you are looking for a luxurious life in the heart of this enchanting city, you have come to the right place. In this article, we invite you to discover the most prestigious districts of Marrakech, where luxury and high-end lifestyle meet to create an exceptional residential experience.
Marrakech is a city that embodies elegance and charm, and its neighborhoods reflect this unique vibe. If you aspire to live in a sumptuous setting, here is a list of the most popular areas for luxury living in Marrakech:
Palmeraie
Nestled in the middle of an oasis of palm trees, the Palmeraie offers an idyllic setting for a life of luxury. With its vast villas in traditional or contemporary style, this peaceful enclave guarantees privacy, serenity and elegance.
See also: our selection of luxury villas for sale in the Palmeraie
Hivernage
Located near the city center, Hivernage is a chic residential area lined with luxury hotels, fine restaurants and high-end boutiques. The spacious apartments and penthouses offer panoramic views of the city and the surrounding mountains.
See also: our selection of luxury apartments for sale at Hivernage
Gueliz
In the heart of Marrakech, Gueliz is a modern and dynamic district, renowned for its designer boutiques, art galleries and trendy cafes. Luxury apartments and stylish lofts are popular with those looking for an urban lifestyle.
See also: our selection of luxury apartments for sale in Guéliz
The Medina
If you are looking for authenticity and historical charm, the Medina is the ideal place. The Riads of the Medina offer unique residences with beautifully restored interior courtyards, lush gardens and a bewitching atmosphere.
See also: our selection of luxury riads for sale in the Medina
Amelkis
This exclusive district is home to the prestigious Amelkis golf course and luxury residences that blend harmoniously into their green surroundings. It is the perfect place for golf enthusiasts and nature lovers.
See also: our selection of luxury villas for sale in Amelkis
Whether you're drawn to the historic ambience of the Medina or the cosmopolitan lifestyle of Gueliz or Hivernage, our team of Marrakech property experts are here to guide you in choosing the neighborhood that best suits your needs. to your preferences and lifestyle.
12 December 2022
So you're thinking about changing your life and choosing a new property, right? Well, something that often happens at this stage is precisely indecision when choosing your next home.
KNA knows it's a tough choice and is here to help! In today's article, we'll cover 5 must-know tips that will help you find your dream property. Come with us!
1. Choose property type
And when we talk about "type" of property, it's not just about "house or apartment" (although that's also an important decision). We are talking about size, number of rooms, number of suites, price range. All of this data is essential in determining what type of property is best for you, your lifestyle and your plans.
2. Determine where you want to live
Location could have been included in the previous item, but it is so linked to several other aspects of your daily life that it deserves to be highlighted. When choosing the location of your property, you need to consider much more than neighborhood safety, such as:
Proximity to work, college or children's school;
Level of noise pollution;
Presence of services and businesses in the region;
Appreciation potential of the property;
Access roads to other areas of the city;
Level of street lighting at night.
All this will influence the time spent in traffic, the quality of life and the comfort that you and your family will be able to enjoy in this new home. So, observe these details to make a good decision.
3. Do an online search
Now that you know the ideal type of property for your family and where you want to live, it's time to start your research. Whether in the classifieds of the printed newspaper, on online sales platforms or on social networks, you will only find your property if you look for it.
Some selling platforms have filters that make it easier to find, but it's good to be prepared to talk to different sellers and schedule property viewings to make sure before closing the deal.
4. Visit other types of properties
This trick seems strange, after all you have just been told to precisely define the type of property you are looking for. However, even after doing this, visiting properties that deviate from this pattern can benefit you and your family. These visits can give other perspectives and even remove doubts.
Visit a property with a swimming pool, an apartment on the ninth floor or an apartment with a garden in another neighborhood. You never know what might surprise you.
5. Talk to an expert
If you think this all takes too long, or if you just want to find the perfect property without tiring yourself, why not rely on someone who understands the topic? You can search for a trusted real estate agency to help you find your dream home.
KNA has the experience and professionalism to accompany you on this journey. In addition to experience in the real estate market and a highly qualified team, KNA's real estate portfolio is extensive and certainly has what you are looking for.
17 September 2021
There are many players in the Moroccan real estate market. The improvements and rapid development of the real estate market have favored the profession. Institutional investors are the first to deplore the lack of professionalism of many intermediaries attracted by the lure of quick and easy profit. There are several possibilities, you can carry out your real estate research with your privileged partner KNA Immobilier for your Marrakech real estate agency.
The choice is yours, but know that by using the services of a real estate professional, you will avoid unexpected problems. New real estate projects are multiplying to meet the growing demand for housing. The housing deficit is estimated at more than 700,000, many Moroccan and foreign real estate developers are carrying out numerous residential and tourist projects in many Moroccan cities. The new programs benefit from high-end services and equipment: swimming pool, hammam, gardens and palm groves and security.
The future owner must above all check the credibility of the builders and the professionalism of the real estate agents. The choice is yours, but know that by using the services of a real estate professional, you will avoid unexpected problems. New real estate projects are multiplying to meet the growing demand for housing. The housing deficit is estimated at more than 700,000. Many Moroccan and foreign real estate developers are carrying out numerous residential and tourist projects in many Moroccan cities. The new programs benefit from high-end services and equipment: swimming pool, hammam, gardens and palm groves and security.
The future owner must above all check the credibility of the builders and the professionalism of the real estate agents.
10 September 2021
Garden lighting is often a neglected element, done without really taking the time to think about it, and yet it is essential in a house because beyond its simple lighting function, it also allows you to create a beautiful atmosphere.
Here are some tips for landscaping your garden and successfully showcasing it.
First of all, consider favoring the lighting of your entrance and your paths with fixed installations without them being recessed to allow you to change them when the time comes. You could also consider a motion detector system that would automatically trigger the lights when a person passes, saving you money and energy. Many companies offer LED motion sensors.
Subsequently, it is also important to light the water points in your garden to highlight them but also to avoid accidents. It is strongly recommended that the electrical installations for the swimming pool be inside it whereas if it is a small fountain, they can simply be installed on its sides.
Other tips for enjoying a late dinner or spending an evening with friends outside in a pleasant setting are possible. Indeed, while it was unsightly and rather practical, outdoor lighting is now popular and there are many trends that you can adopt according to your tastes: garden lanterns hanging from a tree or placed on the table, solar garlands suspended in your bushes or along the branches of your walls or even illuminated objects scattered throughout your garden to illuminate the areas you want to highlight. Romantic, bohemian or modern, the garden lighting range will be able to satisfy all desires.
Another important element for successful designer lighting is knowing how to alternate shaded areas with brighter areas to add charm and mystery to your garden. So you can light up a few trees to leave the ground in shadow or even place a few luminous pebbles in your lawn for more magic.
All these elements taken into consideration, your garden is finally ready and you will be able to enjoy it as much as you like as summer approaches and its beautiful evenings.
See also: apartment with garden Marrakech for sale