Morocco
Morocco's Real Estate Prices Drop 5.4% as Transactions Surge in Q2 2021
Real estate asset prices in Morocco fell by 5.4% in the second quarter of 2021, while the number of transactions increased by 18.8% during the same period.
Topic
Real estate
Morocco
Real Estate Scam in Morocco Targets Expatriates, Defrauds Millions
Moroccan expatriates (MREs) have been victims of a real estate scam in Nador. The main accused, a real estate developer who is the sole owner and manager of a real estate company in the province, has been arrested.
Morocco
Morocco's Bank Credit Growth Accelerates to 4.1% in June, Boosting Private Sector Lending
Bank credit in Morocco showed growth of 4.1% during the month of June. A pace accelerating compared to the trend observed a month earlier (+2.9%).
Morocco
Morocco's Real Estate Sector Struggles to Recover Amid COVID-19 Crisis
Already in difficulty, the real estate sector has become even more fragile with the advent of the health crisis. Despite the resumption of activities, the sector is struggling to get its head above water, pushing the players to demand an urgent rescue plan.
France
French Tycoon Michel Ohayon Acquires Go Sport for €1 in Approved Deal
Michel Ohayon, a real estate tycoon in France and Israel, will buy Go sport, a brand present in Morocco . The Competition Authority gave its approval on Thursday, July 15.
Morocco
Morocco Pushes for Safer Cities Amid Growing Urban Risks and Climate Threats
Serious threats loom over Moroccan cities. Between abnormal constructions, industrial risks, fires, natural hazards, urbanization and others, the implementation of land use and construction regulations is more than essential.
Morocco
Morocco's Real Estate Market Rebounds as Transactions Surge in 2023
The recovery is underway in the Moroccan real estate market. This is evidenced by the increase in real estate transactions recorded from September 2020 to the first half of this year.
Spain
Morocco-Spain Tensions Lead to Tourist Boycott, Costing Billions
Moroccans will not go to Spain this year. The some 20% of Moroccans who usually spend their summer vacations in this country have decided to boycott this destination, resulting in an estimated loss of more than 3 billion dirhams for the Spanish tourism industry.
Morocco
Morocco's Real Estate Sector Struggles to Rebound Amid Housing Deficit
The real estate sector is still struggling to recover despite the gradual resumption of economic activities. The sector continues to suffer the consequences of the crisis, both in terms of real estate development activity and employment. Yet, Morocco is facing a housing deficit. Specialists denounce bottlenecks that prevent responding to the aspirations and demands of the population.
Morocco
Morocco Seeks to Boost Off-Plan Property Sales with VEFA Law Reforms
While the law on the Sale in the Future State of Completion (VEFA) presents several advantages for both real estate developers and buyers, it is rarely applied. Anice Benjelloun, vice-president of the National Federation of Real Estate Developers (FNPI) proposes improvements.
Morocco
Former French Rap Star Diam's Set to Purchase Luxury Villa in Marrakech
After Gims, his brother Dadju, it is the turn of the former French rap star Diam’s to settle in Morocco. She is about to acquire a sumptuous villa in Marrakech, the interior of which has been unveiled by her architect.
Morocco
Morocco Considers New Law to Strengthen Real Estate Contract Oversight
At the House of Representatives, the justice committee will examine on Tuesday, June 15, a bill on real estate contracts drawn up by lawyers. The text proposes that real estate contracts drawn up by lawyers no longer be subject to the registry of the court but rather to their bars.