In 2020, despite the impacts of the health crisis, the National Agency for Land Conservation, Cadastre and Cartography (ANCFCC) achieved great feats. Thus, at the end of the year, this sector collected 5.73 billion dirhams in the kingdom’s accounts.
After 12 years of legal proceedings, the Brissot affair, one of the most famous cases of land spoliation in Morocco, came to an end at the beginning of March. The main defendants, namely the villa’s caretaker and the unscrupulous developer as well as their accomplices, were sentenced to prison terms ranging from one to 12 years and a fine of two million DH.
The real estate sector in Casablanca has been hit hard by the health crisis. Proof of this, the real estate companies listed on the stock exchange, Addoha and Alliances, have lost in profitability, and their turnover has fallen by more than 50% for one and nearly 40% for the other.
Cement sales are down. At the end of January, sales fell by 12.3% compared to last year, a loss of 1,037,005 tons. The construction sector seems to be bogged down, with a 10% drop recorded at the end of last year, compared to a 2.6% increase a year earlier.
The real estate asset price index (IPAI) continues to rise in the fourth quarter of 2020, after depreciating in the first and second quarters of 2020. In Q4 2020, the IPAI rose by 0.6%, following 4.1% in Q3 2020, says Bank Al-Maghrib.
After savings, solidarity and support for families, Moroccans living abroad (MREs) invest 10% of the transfers made each year in real estate, according to Finance Minister Mohamed Benchaâboun .
USFP parliamentary adviser Abdelwahab Belfkih and ten other defendants are prohibited from leaving the national territory by the Rabat Court of Appeal. They are being prosecuted for large-scale dispossession of land and real estate in the province of Guelmim.
An ordinary session brought together this week the municipal council of Tiznit . During this meeting, the creation and equipment of a business incubator, the Tiznit Technopark, was unanimously approved.
The Antwerp Court of Appeal has convicted a social housing tenant of Moroccan nationality who owns real estate in Morocco . According to the law, no one can claim social housing if they own real estate, even abroad.
A mall under construction was razed in Casablanca for non-compliance with urban planning rules. The authorities then decided to demolish the buildings and ordered their reconstruction according to the plans initially established.
Every year, anyone building their personal home must declare the construction cost before the end of February. This procedure concerns construction sites opened from January 1, 2019.
Moroccans residing in Morocco acquired a significant number of real estate properties in Spain in 2020. The Foreign Exchange Office has decided to audit the acquisition operations.