Are foreigners allowed to own property in Morocco?

"Foreigners are allowed to own property in Morocco, but there are certain restrictions in place. Non-Moroccans are not allowed to own land, but they can purchase apartments, villas, and other types of real estate. In order to purchase property, foreigners must obtain a permit from the Ministry of Interior, which can take up to six months to process. Additionally, foreigners are not allowed to own more than one property in Morocco," wrote a member who made the move to Morocco.

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"A really important issue is that whilst it is relatively easy to buy a property & bring money into the country, it is extremely difficult to take this money out of the country if you decide to sell up & move on-especially if you intend to take the money out all at once. You will need very good legal advice before you even consider investing. Morocco is also not a place to expect to make a fast profit between buying & selling, as the market is simply not well enough developed for this to happen. My house is in Marrakech & there is no recognised way of establishing market value; estate agency is still very much in its infancy..," explained one expat living in Morocco.