Moroccans have expressed interest in the land sold at 1 € per m² in the commune of Berrien. The village had taken this initiative in order to avoid the closure of a class in its school.
An individual has scammed Moroccan personalities and nationals from Gulf countries residing in several Moroccan cities, including El Jadida , in cases of selling new cars and fictitious real estate projects. The judicial police of Salé succeeded in arresting him following several complaints and a wanted notice issued to find him.
The adoption of the draft law on the legal uses of cannabis in Morocco has generated great interest for investors in the Tangier region and others who are flocking to Ketama and surrounding municipalities. They want to acquire agricultural land, and are already facing a surge in the price per hectare.
Amar Saâdani , former secretary general of the FLN, also president of the People’s National Assembly (APN), would have acquired several residential properties in three major Moroccan cities. The Algerian politician has settled permanently in the kingdom after staying there several times.
In 2020, Moroccans bought more homes in Aragon, in northern Spain, according to statistics from the real estate registry of the civil registry.
A real estate developer in Bouskoura tried to sell social housing to dozens of future buyers from whom he took advances. The latter, having discovered the deception, are demanding the reimbursement of their dues.
Moroccans are now one of the largest foreign buyers of real estate in Spain. Between the third and fourth quarters of 2020, their share increased by 16%.
The real estate sector is currently experiencing strong demand in Marrakech . In contrast, rental and sale prices are recording a decline.
According to the Directorate of Studies and Financial Forecasts (DEPF) of the Ministry of Economy, Finance and Administrative Reform, housing loans grew by 3.5% at the end of January 2021 compared to the same period a year earlier.
In total, 25 families, including Moroccans, will be evicted from their social housing in Lierre in September for violating the law on rental. They own real estate (land, apartments or houses) abroad.
The police arrested a very active scammer in the city of Guercif and its surroundings. He had victimized several people to whom he made sign mortgages on apartments of which he is not the owner. His trial is ongoing.
In Morocco, during the year 2020, only 83,806 companies were created, both individuals and legal entities, a decrease of 11.7% compared to 2019. This decline is particularly the result of the impacts of the health crisis.