How much does it cost to buy a Riad in Marrakech?

How much does it cost to buy a Riad in Marrakech?

There is a Riad for basically every budget here in sunny Marrakech. We list Riads with prices that range from 70’000 euros up to 5’000’000 euros. And there is no hard and fast rule for calculating the venal value of any given Riad. As each house is unique it will have advantages and disadvantages compared to another Riad.

The main factors to consider when fixing a value are location (and prices are remarkably location sensitive in Marrakech), quality of the structure, size of the property (large Riads tend to command higher m2 prices than smaller Riads) and charm. Supply is also a notable factor – sometimes a certain type of Riad is in short supply and we can see an impact on sales prices.

Remember that you must factor in your completion costs when budgeting your purchase. These add up to about 10% on top of the purchase price. Costs include tax, land registry and notary fees, as well as your estate agent fees.

For all information concerning prices, costs and the purchasing process here in Marrakech, please fell free to contact me via phone or WhatsApp on +212658025028 or mail colin@bosworthpropertymarrakech.com – I look forward to hearing from you.