Morocco
Casablanca Council Approves Land Expropriations for Urban Development Projects
The Casablanca municipal council has decided to expropriate certain real estate properties to finance the implementation of development projects in the city.
Topic
Real estate
Morocco
Morocco's Housing Aid Program Sees High Demand, 90% Approval Rate for Applicants
The "Daam Sakane" direct housing assistance program, launched on January 2, 2024, is a success, especially among MREs, says Mustapha Baitas, government spokesman, during the weekly press briefing following the cabinet meeting.
Morocco
Casablanca Real Estate Scandal Implicates Officials and Developers in Fraud Network
The investigation into an arrested assistant notary, along with real estate developer Abdelkader Boudrika , brother of Mohamed Bourdrika, officially dismissed from his position as President of the Mers Sultan District Council in Casablanca, reveals the existence of a vast real estate fraud network.
Morocco
Morocco's Housing Subsidy Program Falls Short of Expectations, Only 8,500 Beneficiaries So Far
Applauded at its launch, housing aid no longer generates the same enthusiasm. To date, 8,500 people have benefited from this subsidy.
Morocco
Moroccan Tycoon's Son Buys $15.4M Waterfront Miami Beach Estate
Malik Sefrioui, 33, the vice-president of the Ciments de l’Atlas-Ciments de l’Afrique group based in Casablanca, son of real estate magnate Anas Sefrioui, and now husband of Kenza Akhannouch, the daughter of the Moroccan Prime Minister, has acquired a beachfront residence in Hibiscus Island, Miami Beach worth $15.375 million.
Morocco
Morocco Introduces New Tax Regime for Property Sales, Allowing Pre-Sale Tax Assessments
The 2023 Finance Act has established a new tax regime for income tax on property gains. The objective is to allow taxpayers planning to sell their real estate or related real rights to request a prior opinion from the Directorate General of Taxes (DGI) to determine the tax.
Morocco
Tangier Authorities Demolish Unauthorized Buildings, Including Those of Elected Officials
In Tangier, the local authorities have ordered the demolition of several buildings built without authorization in several neighborhoods, some of which belonged to elected officials.
Morocco
Morocco Launches Audit of Airbnb Transactions to Combat Tax Evasion
The Office of Foreign Exchange has just launched a large-scale audit operation targeting international financial transfers between owners and beneficiaries of real estate rentals via Airbnb.
Morocco
Tangier Cracks Down on Illegal Construction Near Business School
The authorities of the city of Tangier have launched a new operation to demolish buildings constructed in violation of the current urban planning regulations.
Morocco
Casablanca Launches Crackdown on Real Estate Fraud to Protect Homebuyers
Preventing any form of fraud or scam against housing applicants is the objective pursued by the Wali of the Casablanca-Settat region, Mohamed Mhidia, by initiating an operation to control and monitor the sales offices held by real estate companies in Casablanca.
Morocco
Moroccan Political and Business Elite Unite in High-Profile Marrakech Wedding
The daughter of Aziz Akhannouch, head of the Moroccan government, and the son of Anas Sefrioui, real estate tycoon, are getting married in Marrakech.
France
Brothers Accused of Running Massive Romance Scam and Real Estate Fraud Network
Mounir and his brother Mustapha are suspected of being at the head of a vast network of romance scams and real estate fraud. Despite the complaints of the victims, they are still free and continue their "dirty work".