Morocco Unveils Plan to Boost Struggling Real Estate Sector Amid COVID-19 Crisis

The containment measures have virtually brought the already strained sector to a standstill, even before the covid-19 crisis, reports lactu24. The temporary halt in marketing and collections does not promote the payment of salaries, taxes and duties.

Concerned about the future of the real estate market, a webinar was organized on Wednesday, on the theme "Real estate after covid-19" by Injaz Solutions, a company specializing in real estate consulting and marketing, in partnership with the CIH bank.

A series of measures have been proposed to revive the sector. These include reviving demand with incentives for buyers, reducing the cost price through a revision of the law on the TNB tax in order to exempt developers who are not speculating, revising the referential system (post covid-19), reducing registration fees, lowering VAT, developing housing for the middle class, developing rentals, standardizing and securing transactions through the effective application of VEFA.

In addition, the participants recommended that the Moroccan real estate sector be inspired by the initiatives of neighboring countries such as France. In the hexagon, a support measure has been introduced through the purchase of 40,000 homes and their rental.