Morocco
Morocco's Real Estate Sector Suffers $4 Billion Loss Amid Pandemic
In Morocco , the real estate sector has been hard hit by the health crisis related to the coronavirus, with an estimated loss of more than 40 billion dirhams.
Topic
Real estate
Morocco
Rabat Real Estate Prices Surge 3.6% in Q3 2020, Outpacing Other Moroccan Cities
The increase in the price of real estate assets recorded in the third quarter of 2020 has affected Moroccan cities in a specific way. This increase is more observed in Rabat.
Morocco
Casablanca Man Faces Charges for Alleged Fraud and Property Theft from Ex-Wife
A man tried to deprive his ex-wife of her real estate property in Casablanca. He is said to have obtained a check from his wife and imitated her signature before issuing it in his own name for an amount of 350,000 dirhams.
Morocco
Morocco Set to End Tax Breaks for Social Housing, Sparking Concerns
A few weeks before the expiry of the tax incentives for social housing in the Kingdom, the government has not yet spoken on the renewal or not of these measures. This eventuality, which is not even reflected in the Finance Bill, is a concern for many Moroccans.
Morocco
Moroccan Engineer Pioneers Eco-Friendly 'Ecodomes' Inspired by Traditional Architecture
A young Moroccan is proposing housing that constitutes a real revolution by combining quality, style, beauty and respect for the environment. A concept developed and implemented by the engineer Youness Ouazri, these houses called ecodomesare a tribute to Moroccan architectural heritage.
Morocco
Morocco Extends Real Estate Tax Breaks to Boost Housing Market
The draft finance law (PLF) for the year 2021 was voted on last Friday by the House of Representatives, after several amendments. New measures are coming into effect in the real estate sector, with the blessing of industry professionals to emerge from its lethargy.
Morocco
Morocco's Real Estate Market Rebounds: Prices Rise 3.6% as Sales Surge 117%
After recording a decline over the last two quarters due to the health crisis, the index of real estate transaction prices is rising again. Data published by Bank Al-Maghrib (BAM) and the National Agency for Land Conservation, Cadastre and Cartography (ANCFCC) show a 3.6% year-on-year increase.
Morocco
Complaints Against Moroccan Interior Ministry Surge 196%, Sparking Investigation
The Moroccan Ministry of the Interior is the subject of countless complaints from citizens, administrations and institutions. As of September 21st, the number of complaints reached 20,193, compared to 6,817 in the same period last year, an increase of 196%.
Morocco
Morocco Extends Real Estate Tax Incentives Through June 2021
The Finance Committee of the first Chamber has just adopted two new measures as part of registration fees. Thus, the incentives for real estate developed in the 2020 Amending Finance Act are extended until June 2021.
Morocco
Morocco Considers Financial Aid for Newlyweds to Boost Housing Access
Parliamentarians in the House of Representatives have suggested financial assistance for young Moroccan newlyweds, based on the "marriage accounts" mechanism put in place by Turkey since 2016.
Morocco
Moroccan Real Estate Scam Victims Protest as CEO Faces Court in Casablanca
Several victims of the Bab Darna real estate scandal organized a sit-in on Thursday, November 23, in front of the Casablanca Court of Appeal, during the appearance of the CEO of the real estate group, Mohamed El Ouardi.
Morocco
Massive Real Estate Fraud Scheme Uncovered in Casablanca Amid Pandemic Foreclosures
In Casablanca , a vast network of swindlers have undervalued real estate put up for auction following the health crisis related to the coronavirus.