Real estate

Articles

• Massive Pyramid Scheme in Morocco Defrauds Hundreds, Including Expatriates
  18 August 2024, by Sylvanus

  Many Moroccans residing abroad (MREs), particularly in Spain, are among the victims of the vast fraud orchestrated by the Al Khair Group in Tangier. An investigation is underway to shed light on this case.
  A large-scale pyramid selling fraud in Tangier. Following the filing of 700 complaints with the justice system, the investigating judge of the court of first instance in Tangier is conducting an investigation into the "Al Khair Group" case that has been shaking the city of Tangier for (…)

• Former Moroccan Royal Castle in France Listed as World’s Most Expensive Property
  18 February, by Sylvanus

  The former castle of King Mohammed VI, inherited from his father, the late Hassan II, located in the commune of Gretz-Armainvilliers, in Seine-et-Marne, is the most expensive in the world. The jewel has been put up for sale at a high price.
  This Anglo-Norman style manor was built in 1884 by the Rothschild family in place of the old 17th century building, on an area of 1,100 hectares of land. The estate extends over two other villages, Tournan-en-Brie and Favières, on the edge of an (…)

• Morocco’s Real Estate Sector Faces Uncertainty Amid COVID-19 Crisis
  11 May 2020, by Bladi.net

  Severely impacted by the covid-19 crisis, the real estate sector in Morocco is experiencing its hours of uncertainty with the evolution of the pandemic. Faced with the concern related to the post-covid period, an expert in the field, William Simoncelli, director and founder of the real estate agency "Carré Immobilier", takes stock and shares his future vision of the sector.
  As part of "Culture Immo", a podcast produced by the agency, the director recalls that the impact of the health (…)

• Morocco’s Rental Market Surges: Apartment and Villa Prices Up 7% Year-Over-Year
  18 June 2023, by Said

  A general rise in rents has been observed in Morocco, whether for apartments or villas, and in most cities. Let’s take a closer look.
  According to figures released by Mubawab, rents for apartments, whether furnished or not, have seen a significant increase of 3% compared to the last quarter, or 7% over a year. Unfurnished apartments are rented out on average for 7,700 DH per month and furnished ones for 8,800 DH per month.
  Regarding villas, the figures also show an increase. An (…)

• Morocco Suspends Local Officials Over Urban Planning Violations
  29 July 2024, by Prince

  The services of the Ministry of the Interior of the province of Nouaceur, in the Casablanca-Settat region, have decided to suspend several officials in the region for serious violations of the texts on urban planning and the issuance of building permits.
  The president of the commune of Dar Bouazza, as well as the vice-presidents, are affected by this suspension measure. The same applies to the current president of the commune of Ouled Azzouz, and his predecessor, president of the (…)

• Morocco Reforms Co-ownership Law to Streamline Property Management
  11 July 2024, by Prince

  The Moroccan parliament has adopted on Monday a bill amending and supplementing law No. 18-00 relating to the status of the co-ownership of built-up properties.
  The objective of this text initiated by the Haraki Group and supported by the government is to improve the management of co-owners’ syndicates and strengthen legal communication between co-owners.
  From now on, the possibility is given to one or more co-owners to convene a general meeting. The notice of meeting, specifying the (…)

• Marrakech Launches One-Stop Urban Planning Service for Moroccan Expats
  19 July 2022, by Ginette

  The Urban Agency of Marrakech (AUM) has just set up a one-stop shop dedicated to Moroccans residing abroad (MREs). Its objective is to handle all files related to the construction and urban planning sectors.
  The implementation of this one-stop shop is part of the measures taken by the authorities to facilitate and enhance the stay of MREs in Morocco during this summer vacation. In a press release, the Urban Agency of Marrakech indicated that it had received instructions from the Ministry (…)

• Moroccans Outraged by Illegal Parking Attendants and Soaring Parking Fees
  12 August 2024, by Prince

  Moroccans continue to suffer from the law of the "yellow vests", these illegal parking attendants who demand exorbitant amounts from them. They also complain about the high prices of parking lots managed by local authorities or private companies.
  In a statement to Hespress, Bouazza Kherrati, president of the Moroccan Federation of Consumer Rights, criticizes the parking attendants for raising the rates, wondering which department is in charge of this sector. "Is it the Ministry of the (…)

• Real Estate Developers Accused of Blocking Public Transit to Casablanca Suburbs
  27 September 2024, by Sylvanus

  The connection of the Nouaceur and Bouskoura areas, on the outskirts of Casablanca, to public transportation is said to be delayed due to a lobby of real estate developers.
  A "lobby" of real estate developers is said to have succeeded in isolating affordable housing projects in the Nouaceur and Bouskoura areas, on the outskirts of Casablanca, after exerting strong pressure at the prefecture of the Nouaceur province, in order to delay the connection of these areas to public transportation; (…)

• Morocco Imposes Fines for Late Self-Construction Cost Declarations
  23 February, by Sylvanus

  Substantial fines will be imposed on people engaged in "Self-construction" projects in case of late declarations of the cost of their work.
  People engaged in "Self-construction" projects must declare the cost of their work before the end of this month of February. This declaration must be "accompanied by several documents: a statement of invoices, as well as a certificate issued by an architect, unless the construction is carried out under a "turnkey" contract," reports Hespress. Failure (…)