Real estate

Articles

• French Town Sues Tangier Over Alleged Illegal Cemetery on Shared Land
  11 April, by Sylvanus

  The municipality of Tangier is once again agitated by a land issue. This time, a French municipality is accusing it of having transformed a plot of land belonging to it into a cemetery and has taken it to court.
  The municipality of Tangier is once again facing justice. A French municipality has, through its lawyers, filed a complaint against it before the administrative court of the city, reports Al Akhbar. It accuses the municipality of having illegally exploited a property of more than (…)

• 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 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 (…)

• King of Morocco’s Former French Castle Listed for Record $460 Million
  13 April 2024, by Sylvanus

  In France, 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, has been put up for sale for 425 million euros.
  An opportunity for those wishing to live in a Moroccan palace. The former castle of the King of Morocco - a 100-room residence completely transformed into a Moroccan palace - is for sale in the commune of Gretz-Armainvilliers, in Seine-et-Marne for 425 million euros, reports Paris (…)

• 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 (…)

• Morocco World Cup Stadium Project Drives Massive Spike in Local Land Prices
  13 February, by Sylvanus

  Land prices have risen considerably in the province of Benslimane in recent months, reaching up to 1,000 dirhams/m². Several factors justify this price surge.
  In addition to Benslimane’s reputation as a city with a pleasant environment and a temperate climate, the establishment of the future Grand Stade Hassan II is at the origin of the surge in land prices in the municipality. This project is generating a massive influx of investors and an upward pressure on prices. The land located (…)

• 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 (…)

• Spanish Real Estate Market Offers Opportunities for Moroccan Expats and Foreign Investors
  13 April 2020, by Sylvanus

  In Spain, the real estate market will offer great opportunities for Moroccans residing abroad (MRE), Belgians and others. At least, that’s what the latest statistics on the sector indicate.
  In 2019, the Spanish real estate market experienced a slowdown in transactions in general throughout Spain: 1.9% in 2019 compared to 2.4% in 2018 and 3.1% in 2017. On the other hand, the housing price index recorded an increase of 7.22%, a little less than expected.
  "This is therefore rather good (…)