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Originally Posted by Prolan  So again I cannot say it enough...make sure your funds can be traced back (no cash) by the exchange commission (your notary will inform the commission when he takes some money from you). Please also be aware that not all sales go through notaries, some people buy and sell through Aduls ==> (registrars) and I don't know if those transactions are communicated to the exchange commission.
Anyway I would avoid any purchases unless it goes through the Notary.
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Prolan,
This is quite concerning like Shawaz said....let me get this straight again. There are two ways you can buy property:
a) Off-plan through the developer
b) Resales
The first route is straightforward and I presume you would open an account in morocco anyway before commencing any transactions (barring any reservation fees...)
The second route is my concern. There are a number of investors in the UK who have already bought off-plan and are putting their properties on the resale market. If I was to purchase one of these properties, I will be transferring money to the UK as a start because these investors have already paid their deposit, so they will be looking to get that money back at least.
May be following on, I will be put on a developer payment structure and then I will start paying direct to the developer. So you see, in this situation, there is no choice but to split the payment - part in UK and part in Morocco.
What does one do in such a situation?