Real estate

Articles

• Tangier Real Estate: Housing Prices Rise Slightly as Sales Slump
  31 December 2024, by Said

  The real estate market in Tangier is showing contrasting trends. While the overall price index has increased by 0.1%, this apparent stability masks divergent realities depending on the types of properties at the end of 2024.
  The residential sector, which includes apartments, houses and villas, is holding its own with a 0.6% increase in the price index. However, this increase does not seem to be stimulating transactions. Indeed, the volume of sales for this type of property shows a (…)

• Dell Renews 6-Year Lease for Morocco Tech Hub, Expanding Operations
  11 May 2020, by Bladi.net

  The American computer giant, Dell, renewed, in early May, its confidence in MedZ, a subsidiary of CDG Développement, for the renewal of the lease of its site at Casanearshore Park. This site is classified by Dell as a "Center of Excellence".
  The Casanearshore Park site currently has more than 2,000 employees on an area of 20,000 m2 and offers services to clients present in 35 countries in 7 different languages.
  According to Ahmed Khalil, General Manager of Dell EMC North Africa and West (…)

• Spain Ends ’Golden Visa’ Program, Impacting Foreign Real Estate Investors
  12 April, by Prince

  The Spanish government has ended the golden visa that allowed foreigners, including Moroccans, to obtain a residence permit if they invested at least 500,000 euros in real estate.
  Pedro Sanchez abolished the golden visa after introducing an amendment to the law on the efficiency of justice in Congress on April 3. The text was approved without debate. In 12 years of application, the golden visa allowed 14,576 foreigners, including Moroccans, to obtain a residence permit on the condition of (…)

• Moroccan Authorities Launch Crackdown on Illegal Coastal Development in Dar Bouazza
  11 February 2024, by Prince

  The regional authorities of Nouaceur have launched a vast operation to free the public maritime domain in the commune of Dar Bouazza, precisely at the level of the Azemmour road.
  This operation aims to demolish buildings erected without prior authorization, as well as those in order like service stations, private educational establishments, commercial establishments, etc., said sources to the daily Al Akhbar, specifying that the beaches of Tamaris and Dar Bouazza are concerned by this (…)

• Moroccan Political and Business Elite Unite in High-Profile Marrakech Wedding
  27 April 2024, by Sylvanus

  The daughter of Aziz Akhannouch, head of the Moroccan government, and the son of Anas Sefrioui, real estate tycoon, are getting married in Marrakech.
  The wedding of Kenza, 27, daughter of Aziz Akhannouch and Malik, 33, son of Anas Sefrioui, real estate tycoon, is expected to be celebrated this Saturday, April 27 at the residence of the head of government in Marrakech, reports Le360. This is the union of two of the richest and most powerful families in Morocco.
  To read:
  Since 2014, (…)

• Kenitra Real Estate Probe: $400,000 Missing from Municipal Land Deal
  24 November 2023, by Said

  The Rabat Court of Appeal has opened an investigation into the disappearance of more than 4 million dirhams in Kenitra. This sum evaporated during the term of the former president of the municipal council and former minister Aziz Rabbah, following a real estate transaction involving the exchange of a municipal land for another belonging to a real estate developer.
  The file, initially investigated by the National Brigade of the Judicial Police (BNPJ), was transferred to the investigating (…)

• Agadir Real Estate Prices Rise, Bucking National Trend in Morocco
  1 March 2019, by Said

  A drop in real estate prices was noted in the last quarter of 2018 in most Moroccan cities. In Agadir, however, prices have seen a slight increase, particularly for villas and commercial premises.
  According to the figures unveiled a few days ago by Bank Al-Maghrib (BAM) and the National Agency for Land Conservation, Cadastre and Cartography (ANCFCC), the city of Agadir recorded a stagnation of apartment prices in the fourth quarter of last year, compared to the 3rd quarter of 2018. (…)

• Morocco Cracks Down on Undeclared Tourist Rentals in Anti-Terrorism Push
  4 August 2019, by Bladi.net

  Morocco, to counter terrorist attacks, is in a policy of preventing their crimes. To this end, measures have been taken at the local authority level to warn owners of real estate who persist in renting them to tourists without communicating their identity and contact details.
  This provision was taken for security reasons related to the fight against terrorism and crime, in January 2017. At the time, citizen owners of furnished houses and apartments had been warned by the Ministry of the (…)

• Marrakech Tops Morocco’s Real Estate Prices, Ranks 5th Most Expensive in Africa
  5 December 2019, by Ginette

  Real estate in Marrakech is by far the most expensive in Morocco, according to a report just published by the African Asian Bank.
  Three Moroccan cities are in the top 10 of the most expensive cities, reports Infomédiaire. Marrakech, Tangier and Casablanca, are respectively ranked 5th, 6th and 7th in the Africa Wealth 2019.
  The city of Marrakech is ranked 5th in Africa with $1,700 per square meter, followed by Tangier with $1,600 per square meter and Casablanca in 7th place with $1,500.

• Casablanca Doctor Sentenced to 10 Years for Real Estate Fraud Scheme
  2 January 2020, by Kamal

  A doctor, manager of a private clinic in Casablanca, was sentenced to 10 years in prison, for having falsified real estate documents.
  The doctor’s private clinic was seized by the judicial authorities, for his alleged involvement in an attempted expropriation of other people’s real estate.
  The investigation revealed that the doctor-clinician tried to produce false documents in order to appropriate the said clinic as well as other real estate.
  According to Hibapress, the clinic will be (…)