Real estate

Articles

• Morocco Unveils New Real Estate Pricing Framework to Combat Property Fraud
  3 July 2019, by Bladi.net

  The Directorate General of Taxes and the National Agency for Land Conservation have agreed to update the real estate reference framework. According to industry professionals, the new document now takes precedence over land mafia or the famous "Black".
  The long-awaited new Common Reference Framework for Real Estate Prices has finally been launched. Omar Faraj, Director General of Taxes (DGI), and Karim Tajmouati, Director General of the National Agency for Land Conservation, Mapping and (…)

• Bouygues Immobilier Exits Morocco, Citing Market Uncertainty
  3 July 2019, by Bladi.net

  Bouygues Immobilier Maroc is on its way out. By setting up in the Kingdom, this global group was reassuring of a long-term partnership, thanks to the Moroccan market, which it nevertheless described as strategic. How then to understand this disengagement?
  This departure is justified by the arrival at the head of the real estate branch of the French giant, of a new Executive who intends to inject new momentum into the group, internationally, reports Challenge, which recalls that since (…)

• Senegalese Woman’s Viral Tweet Exposes Housing Discrimination in Morocco
  28 July 2019, by Bladi.net

  In Morocco, the tweet of a young Senegalese woman, victim of xenophobia, has become viral on the web. With 4,000 retweets, her testimony has sparked a wave of outrage over the discrimination suffered by many sub-Saharan nationals in the kingdom.
  Sub-Saharans are unwanted in housing in Morocco. Adja, a Senegalese national, has had a terrible experience. From real estate agent to real estate agent, she toured a large number of apartments and buildings, as well as studios. Alas! Some (…)

• Moroccan Land Fraud Suspects Found in Border Region, Interpol Closing In
  3 August 2019, by Bladi.net

  The masterminds of a land mafia, actively sought by the Moroccan justice system and Interpol, have been located in the no man’s land of Kandahar, near Guerguerat. They illegally sold several hectares of land belonging to deceased or absent persons from the Kingdom.
  It is only a matter of time before Interpol and the Judicial Police arrest the land mafia members who have been operating for several decades in Casablanca. After arresting the mastermind of the mafia, who is a deputy, the (…)

• Morocco Expands Development at Guerguerat Border, Defying Polisario Threats
  17 August 2019, by Bladi.net

  Morocco is further strengthening its presence at the Guerguerat border post. In this regard, despite the threats of Brahim Ghali, leader of the Polisario Front, the Kingdom has launched the urbanization of the area through the construction of social housing and functions.
  Morocco remains deaf to the many agitations of Brahim Ghali, leader of the Polisario Front. The latter, as usual, has threatened to take up arms again. This, according to maghreb-intelligence.com, is in response to the (…)

• Northern Morocco’s Beaches Surge in Popularity, Driving Up Vacation Costs
  20 August 2019, by Bladi.net

  The day after the celebration of Eid al-Adha, vacationers are more attracted to northern Morocco and, more precisely, to the city of Tetouan. This strong influx is justified by the cultural diversity and the beautiful beaches offered by this new festival destination, resulting in a sharp rise in prices.
  The attractiveness of the city of Tetouan in the north of the kingdom now seduces vacationers, in this case, Moroccans wishing to take advantage of what remains of their vacation. (…)

• Morocco’s Real Estate Market Faces Continued Price Decline, Central Bank Reports
  22 August 2019, by Bladi.net

  Is real estate in Morocco in crisis? This is what emerges from the data just unveiled by Bank Al-Maghrib (BAM).
  In the second quarter of the current year, the value of real estate assets did not experience a significant decline. Quoted by Aujourd’hui le Maroc, Bank Al-Maghrib reported this in its latest index.
  Indeed, according to the central bank, this slight decline, (estimated at 0.6%, compared to 0.9% for last year) is justified by the drop in prices of all assets. However, despite (…)

• Agadir Real Estate Market: Apartment Prices Drop, Villa Prices Rise Amid Declining Sales
  25 August 2019, by Said

  As every quarter, Bank Al Maghrib (BAM), in collaboration with the National Agency for Land Conservation, Cadastre and Cartography, publishes the Real Estate Asset Price Index (IPAI). What about the city of Agadir?
  In the capital of Souss, it is a stagnation that has been recorded in the real estate sector. But there are still major disparities between the types of properties marketed. Apartment prices have fallen by 1% compared to the first quarter of this year, while real estate (…)

• Marrakech Real Estate Prices Edge Up 0.2% in Q2 2019, Land Values Rise
  25 August 2019, by Bladi.net

  Bank Al Maghrib (BAM), in collaboration with the National Agency for Land Conservation, Cadastre and Cartography, has released the Real Estate Asset Price Index (IPAI). What can we learn from this regarding the ochre city?
  To be sure of being able to make good deals, potential investors in the real estate sector must refer to the overall trend of the real estate market in the 2nd quarter of 2019, as developed by the two aforementioned institutions.
  Regarding the city of Marrakech, in (…)

• Violent Clashes Erupt in Rabat Slum Over Relocation Plan
  28 August 2019, by Bladi.net

  Residents of the El Garaa douar, one of the oldest slums in Rabat, clashed with the police. This confrontation, filmed and posted on Youtube on August 26, 2019, follows the decision of the local authorities to relocate them to the Aïn Aouda region, on the outskirts of the capital.
  As part of the "Rabat City of Light" project, the government plans to rehouse the residents of this neighborhood to the outskirts of the capital. They are offered apartments worth 100,000 dirhams or plots of (…)