Like many cities in Morocco, Rabat has experienced a significant drop in real estate prices. Let’s look at the figures in detail published by Bank Al-Maghrib (BAM) and the National Agency for Land Conservation, Cadastre and Cartography (ANCFCC).
In the second quarter of this year, the real estate sector in Morocco is showing signs of slowing down, with a sharp drop in transactions.
The decline in inflation and the stability of mortgage rates not only provide relief to buyers, but they also raise new hope for the real estate market.
Moroccans residing abroad (MREs) are contributing significantly to the revival of the real estate sector in Morocco, which has been hard hit by the Covid-19 health crisis, the war in Ukraine and the global surge in commodity prices.
Morocco will still have to build nearly two million social housing units to meet the still strong demand, said Fatima Ezzahra El Mansouri, the Minister of National Land Use Planning, Urban Planning, Housing and City Policy.
70% of the investments of the Moroccan community living abroad are devoted to the real estate sector , according to Fatima Ezzahra El Mansouri, the Minister of National Land Use Planning, Urban Planning, Housing and City Policy.
Real estate dispossession is a still very present phenomenon in Morocco. Both local owners and foreigners, including MREs, are among the victims. The sector suffers from the lack of a strong legal framework.
Victim of a knife attack after rescuing a teenager assaulted by an individual in March 2021 in Sartrouville (Yvelines), Mohamed, 21, lost the use of his legs. The young man is still waiting for the adapted housing that the Minister of Equality and Opportunities had promised him.
Real estate transactions are on the rise in Morocco at the beginning of the summer, with strong demand from Moroccans Residing Abroad (MRE), particularly in Europe, who are flocking to the kingdom to spend their summer vacations.
Moroccan-born rapper French Montana , whose real name is Karim Karbouch, is parting ways with his magnificent estate in Hidden Hills, California, according to information revealed by The New York Times.
The volume of real estate loans reached 300.8 billion DH, an increase of 1.8% or 5.2 billion compared to the same period last year.
The delegate minister in charge of the budget, Fouzi Lekjaa, announced the upcoming implementation of a system of direct housing assistance for first-time buyers.