Real estate

Articles

• Morocco Grapples with 1.1 Million Vacant Homes Amid Housing Crisis
  11 February, by Sylvanus

  Many vacant homes are recorded in Morocco. The government of Aziz Akhannouch is working to find a solution to this problem.
  "For social, economic, fiscal and regulatory reasons, the number of unoccupied homes has increased significantly in Morocco," explained Mohamed Alaoui, a real estate expert, interviewed by the magazine Finances News Hebdo. According to figures provided by the High Commission for Planning, 1.1 million vacant homes are located in the kingdom, representing 16% of the (…)

• Former Moroccan Royal Estate in France Listed for Record $180 Million
  7 April, by Sylvanus

  Considered the most expensive property for sale in France, the former castle of King Mohammed VI, inherited from his father, the late Hassan II, located in Tournan-en-Brie (Seine-et-Marne), on a 1100 ha property straddling Tournan, Gretz-Armainvilliers and Favières, is looking for a buyer.
  Who will be able to buy the Gretz-Armainvilliers castle? Previously, it had been put up for sale for 425 million euros. For almost a year now, the former property of the King of Morocco has been offered (…)

• Elderly Scrap Dealer Faces Eviction from Makeshift Dump in Northern France
  2 January 2023, by Sylvanus

  The town hall of Raismes, a commune located in the north of France, near Valenciennes, has decided to evict an octogenarian Moroccan who has been living on an unsanitary site since September. He has refused several rehousing proposals that have been made to him.
  Wild boars crossing the road, a pile of tires, scrap metal, utility vehicle wrecks... An 82-year-old scrap metal dealer, living on Rue de Dreville in Raismes and followed by social services since 2017, has turned the perimeter of (…)

• Major Real Estate Fraud Trial Begins in Morocco, Involving Notaries and Officials
  3 January 2023, by Sylvanus

  The examination of the case of a real estate fraud scandal involving 21 defendants, including notaries, adouls, former commune presidents, intermediaries and a real estate developer, continues before the Criminal Chamber of the Court of Appeal of Tétouan.
  Prosecuted for fraud, breach of trust, violation of investment laws, forgery and use of forgeries in a case involving several million dirhams, and which has affected hundreds of victims, 21 defendants, including notaries, adouls, former (…)

• Morocco Tightens Anti-Money Laundering Rules for Real Estate Sector
  30 January 2023, by Prince

  Morocco continues to strengthen its system to combat money laundering and the financing of terrorism. A new order has just been issued to impose new rules on the real estate sector, which is very popular for money laundering.
  Through this order, the Minister of Territorial Planning, Urbanism, Housing and City Policy, Fatima-Zahra Mansouri, requires real estate agencies to report any suspicious transactions of their clients as part of property sales or purchases, reports the daily Al (…)

• Belgium Probes Social Housing Fraud: Hundreds Own Property Abroad
  7 February 2023, by Prince

  Several recipients of social housing in Belgium are also owners of real estate abroad, particularly in Morocco. This is what a survey commissioned by the Flemish Minister of Housing has revealed.
  According to this survey, 322 recipients of social housing, including 186 residing in Limburg, have acquired real estate abroad in the last two years. A fraud that is difficult to prove, especially since the companies in charge of granting these social housing units cannot access the data of (…)

• Near Casablanca, buildings are threatened with collapse
  15 March 2024, by Prince

  The appearance of cracks on the walls of some residential buildings in the commune of Bouskoura, near Casablanca, has caused panic among the residents who fear for their lives.
  The residents are calling for the urgent intervention of the authorities so that these buildings can be rehabilitated to avoid their collapse. The said residences would belong to a businessman who does not respect the texts on urban planning, which explains the cracks and other defects observed on the buildings, (…)

• Marrakech Real Estate Market Surges 130% in Late 2024 Rebound
  14 March, by Said

  The real estate market in Marrakech experienced a spectacular rebound at the end of 2024. After a slump in the previous quarter, transactions have exploded, showing triple-digit growth. An upturn that confirms the recovery, even if disparities persist depending on the types of properties.
  The figures speak for themselves. According to the real estate asset price indices (IPAI) and Bank Al-Maghrib and the National Agency for Land Conservation, Cadastre and Cartography (ANCFCC), real estate (…)

• Morocco’s Real Estate Sector Faces Multiple Challenges Amid Slow Recovery
  7 February 2023, by Sylvanus

  In Morocco, real estate professionals show little optimism about a recovery in their sector. So many problems are piling up for a sector that has not yet fully recovered from the Covid-19 health crisis.
  Spectacular rise in the prices of construction materials, delay in the adoption of the implementing decree of the 2023 Finance Act regarding the direct aid schemes for new buyers, erosion of purchasing power, taxation and taxes, increases in the key rate decided by Bank Al-Maghrib... In (…)

• Spain Sees Shift in Foreign Rental Demand as Moroccan Interest Declines
  9 February 2023, by Prince

  Moroccans are among the foreigners who have made fewer requests for rental housing in Spain in recent years, according to a study carried out by the real estate portal Idealista.
  Increasingly, foreigners are looking for rental homes in Spain. At the end of 2022, 14.9% of the rental demand in the country comes from abroad, indicates the study published this Wednesday, which has noted in recent years a drop in applicants from Morocco, Colombia and Venezuela in favor of those from Poland, (…)