The Ministry of the Interior is attacking old buildings threatening to collapse in Casablanca. Following the recent floods that have made these houses very fragile, its competent services are working to evacuate the inhabitants, for fear of causing new victims.
The new law on local taxation has been in force in the kingdom since January 1, 2021. It contains many modifications, beneficial to taxpayers.
In Morocco, commercial real estate is one of the sectors seen by investors as more active and profitable. Even though it has been durably impacted by the crisis related to the coronavirus, hope is allowed.
The measures provided for in the 2021 Finance Act (LF) for the benefit of the real estate sector were published on Monday. In total, five key points, announced the Moroccan Ministry of National Land Use Planning, Urban Planning, Housing and City Policy.
The cities located in the southern regions show great potential for development in all sectors of economic activity, particularly in real estate. Among these cities, Dakhla could become the next preferred destination for private investors.
Home buyers in Morocco will continue to benefit from tax relief for six more months. The registration on the purchase of apartments under 250,000 dirhams and the 50% reduction on properties over 4 million dirhams are affected by these new tax exemptions.
The construction materials sector is starting to show some signs of recovery after three months of almost complete shutdown of construction sites. At the end of October, the volumes delivered to the kingdom are slightly up compared to September.
The Moroccan commercial real estate market has been doing very well in recent months. It is moving towards a more organized industry, adapting to the evolution of consumer preferences and demands.
In both Casablanca and Rabat, commercial real estate prices have seen an average increase of 14% between May and October 2020. This is revealed by a survey conducted by the news site Mubawab.
A Moroccan family residing in Val-de-Marne and their landlords will have to settle the disputes that oppose them before a court on December 7th. One side complains about the poor condition of the housing, the other demands unpaid rents.
Gims has decided to rent out the sumptuous villa he owns in Marrakech . How much does it cost to spend a night there?
As of the end of September 2020, the number of beneficiaries of the deferral of the maturities of real estate and consumer loans for people impacted by the health crisis related to Covid-19 , put in place on March 19 by the Economic Monitoring Committee, reached 471,742 households in the Kingdom. At the same time, 32,248 requests from companies were validated by the banking sector.