Morocco Unveils New Measures to Boost Housing Sector Amid Pandemic Recovery

These new measures, which target both buyers and developers, will allow the housing sector to catch up on the delay accumulated since the start of the health crisis, stimulate the market, make it more fluid and produce a positive production dynamic.

The first measure concerns the suspension of the application of the real estate price reference system. This suspension concerns all real estate sales whose deeds are drawn up from the date of the start of the state of health emergency and which have not yet been the subject of a regularization procedure, specifies a document from the Ministry of National Land Use Planning, Urban Planning, Housing and City Policy.

The second measure relates to the total exemption from registration fees for the benefit of buyers of social housing at 140,000 and 250,000 dirhams until December 31, 2020. The objective is to create a dynamic of purchase to ensure the recovery of the market, on the one hand and, to mitigate the charges for the benefit of households wishing to acquire social housing, on the other hand.

The third new measure concerns the reduction of registration fees by 50% for premises for residential use or land intended for the same use provided that the total price does not exceed 2.5 million dirhams and this, until December 31, 2020.

In addition, the initial six-month period granted to real estate developers who have concluded agreements with the State for the realization of social housing construction programs, and who have received the authorization to build before the start of the state of health emergency, has been extended to one year.