
Morocco's Used Car Market Set to Surge as New Vehicle Sales Stall
The 2023 Finance Bill (PLF) announces a 33.36% increase in transfer tax revenue (real estate, vehicles, etc.). Prospects seem promising for the used car market.

The 2023 Finance Bill (PLF) announces a 33.36% increase in transfer tax revenue (real estate, vehicles, etc.). Prospects seem promising for the used car market.

In Morocco, an imbalance is observed between supply and demand in the market. As for prices, they have experienced a slight increase. This is what emerges from the quarterly report of the Mubawab Real Estate Guide.

On the occasion of the UN climate conference (COP 27) currently taking place in Sharm El-Sheikh, Egypt, Morocco and France have launched a call for the creation of an agenda called "Buildings Breakthrough", aimed at carrying out the energy transition in the building sector by 2030.

Already accused in the scandal of the Témara real estate complex, a real estate developer finds himself at the heart of another case in Harhoura. This is what the investigation conducted by the general inspection of the Ministry of the Interior on the real estate scandal of Témara reveals.

After the real estate scandal in Témara , inspection missions are being sent to all the premises of the municipality and the surrounding regions. All the people involved in urban planning management and who are at the origin of the irregularities in the projects are targeted.

After the real estate scandal in Témara , the regional authorities in the North have taken new measures in the management of urban planning in Tangier.

After Temara where 600 apartments from the "Al Qods" project were destroyed , it is the turn of the villas built without authorization in the commune of El Menzeh by the same developer.

The authorities of Témara have just ordered the demolition of 34 buildings containing 600 apartments for non-compliance.

The residents of a building in Fontenay-aux-Roses have asked to be "urgently" rehoused, believing that the building is "haunted". The municipality would have decided to send an imam and a priest from the city to exorcise the premises.

The purchase and sale of housing in Spain by foreigners, including Moroccans, increased by 52.7% in one year, reaching 72,987 transactions. During the first half of this year, nearly 80,000 purchase-sale transactions were carried out by foreigners, according to data from the General Council of Notaries.

Inflation is increasingly affecting Moroccans. And real estate loans are not spared. These should indeed experience an increase in the 4th quarter of the year, according to professionals. What explains this forecast?

After leaving the scene more than ten years ago, Diam’s has embarked on interior design. The former rapper is offering a new project in Marrakech.