Morocco’s Exchange Control Office has issued a statement warning citizens of this country against buying property in Spain; according to them, you can only buy property in Spain if you have a special permit issued by the Government in Rabat, and that buying without the said safe-conduct is a matter for the Criminal Courts.
We have some questions for the Office des Changes:
- Have you made a search on the public Spanish Land Registry website www.registradores.org to know who has, and hasn’t, property in Spain?
- Do you have enough space in your prisons to accommodate the tens of thousands of Morrocan families that have a second home in Spain?
- Does this law also apply to the hundreds of Morocco’s Government officials who have traditionally acquired real estate on the Costa del Sol, inclusive of Government ministers?Is this law real, or is just a way to make prospective purchasers uncomfortable with what is verifiable reality?
- Are you going to ask the Spanish Government to request that investors produce the permit, as a prerequisite for buying,
And there is a question I personally have: has anyone ever seen this permit?