
Israeli Diplomat Faces Rental Challenges in Morocco's Capital
Six months after taking office, the head of the Israeli liaison office, David Govrin, is desperately searching for an office to rent in Rabat.

Six months after taking office, the head of the Israeli liaison office, David Govrin, is desperately searching for an office to rent in Rabat.

Moroccan lawyers are involved in the illegal sale of soulaliyate (collective) lands. Seized, the Minister of Justice said he was concerned and mentioned the opening of an investigation.

In Morocco, the health crisis related to the coronavirus is far from having a negative impact on the long-term rental market. This is evidenced by the performance recorded in the first quarter of 2021.

The tax incentive expires on June 30 next. Anyone wishing to buy a home or vacant land will not be able to benefit from the total exemption from registration fees after this deadline.

The government of Saâdeddine El Othmani has decided to expropriate members of the royal family. A decision has been made in this direction.

Mortgage lending recorded a 3.6% increase at the end of April 2021, reaching 286.45 billion dirhams, according to the latest monetary statistics from Bank Al-Maghrib.

Currently in charge of the construction site of the Mohammed VI Tower in Rabat, the tallest tower in Africa, TGCC, the Moroccan leader in construction, is launching the construction of the mega project of the Tour 33 in Casablanca.

The phenomenon of land grabbing has slowed down significantly in Morocco. This is what Mohamed Benabdelkader, Minister of Justice, affirmed on Monday, responding to oral questions at the weekly plenary session.

While work is at a standstill on many construction sites opened in the country, a sign of a gloomy climate in the Moroccan real estate sector, the institutions are announcing an overall upward trend.

Many challenges must be met to promote the revival of the housing and urban planning sector, said Nezha Bouchareb, Minister of National Land Use Planning, Urban Planning, Housing and City Policy, on Saturday.

In the first quarter of 2021, the real estate asset price index (IPAI) rose by 1.8% year-on-year. This is according to a note from Bank Al-Maghrib (BAM) and the National Agency for Land Conservation, Cadastre and Cartography (ANCFCC).

Israeli investors are developing a real interest in Moroccan real estate. Some are already starting to settle in the kingdom.