Real estate

Articles

• 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 (…)

• Morocco Banks Tighten Real Estate Lending Criteria Amid Economic Concerns
  3 September 2019, by Ginette

  The news of this change in the real estate sector is brought by the newspaper l’Economiste. Banking institutions seem to be paying particular attention to the LTV, which is the ratio calculated for each client and which constitutes the ratio between the value of the property and the amount of the loan the client has taken out to finance it. These banking institutions are also concerned about the DSTI, the ratio between debt service and income.
  The work carried out within the institution (…)

• Casablanca Real Estate: Apartment Prices Rise, Villa Sales Decline in Latest Market Report
  4 September 2019, by Bladi.net

  The quarterly publication of the Real Estate Asset Price Index (IPAI) by Bank Al Maghrib (BAM), in collaboration with the National Agency for Land Registry, Cadastre and Cartography, provides an idea of the evolution of real estate prices in our different cities. What are the major trends in Casablanca?
  In the metropolis, apartment prices have risen by 1%. The same upward trend is observed with regard to transactions, which have increased by 4.6%.
  Regarding villas, it should be noted (…)

• Morocco Mandates Registration of Real Estate Powers of Attorney in National Database
  5 September 2019, by Sylvanus

  Powers of attorney for the transfer, modification or cancellation of any other real rights will now be centralized in a dedicated register. Without observing this rule, they will have no legal value.
  In a chapter (articles 889-1 and 889-2) of law 31-18 relating to the Code of Obligations and Contracts (DOC) containing, among other things, provisions on powers of attorney for the transfer, modification or cancellation of any other real rights, published in the Official Bulletin, the (…)

• Rabat Real Estate Market: Mixed Trends in Apartment, Villa, and House Prices
  6 September 2019, by Bladi.net

  In order to allow real estate investors to get an idea of the prices, Bank Al Maghrib (BAM), in collaboration with the National Agency for Land Conservation, Cadastre and Mapping, publishes the Real Estate Asset Price Index (IPAI) every quarter. What are the overall trends in the real estate market in the city of Rabat?
  In the capital, a slight drop of 1.1% in apartment prices is noted, while transactions have fallen sharply by 10.9%.
  On the villa side, it should be noted that prices (…)

• Affordable Villas in Dakhla: Morocco’s Southern Development Project Offers Homes at Apartment Prices
  7 September 2019, by Bladi.net

  The information may surprise more than one. Some might even think it’s a scam. But far from it. Villas at the price of an economic apartment are indeed available and marketed in Dakhla, reports the Arabic-language newspaper Al Ahdath Al Maghrbia, cited by the website h24info. It specifies that this is an initiative recently launched as part of the development project of the southern regions.
  To put words into action, the founder of the project, Hicham Assaghir, even proceeded, last week, (…)