Real estate

Articles

• Morocco Launches Tax Probe into Expat Real Estate Investments Amid Money Laundering Concerns
  12 April, by Prince

  Based on suspicions of money laundering from real estate professionals, the control services of the National Financial Intelligence Authority (ANRF) have launched investigations in the cities of Casablanca and Marrakech concerning certain real estate projects of the "office space" type.
  These investigations focus on investors, including Moroccans residing abroad (MRE), who have no specific training or experience in the real estate or construction sector, and whose ability to mobilize (…)

• 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 (…)

• 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 (…)

• 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 (…)

• Major Real Estate Fraud Trial Begins in Morocco, Involving Notaries and Officials
  3 January 2023, by Sylvanus

  The examination of the case of a real estate fraud scandal involving 21 defendants, including notaries, adouls, former commune presidents, intermediaries and a real estate developer, continues before the Criminal Chamber of the Court of Appeal of Tétouan.
  Prosecuted for fraud, breach of trust, violation of investment laws, forgery and use of forgeries in a case involving several million dirhams, and which has affected hundreds of victims, 21 defendants, including notaries, adouls, former (…)

• Housing assistance in Morocco: a program popular with Moroccans living abroad
  8 November 2024, by Said

  Moroccans living abroad (MRE) play an important role in the success of the direct housing assistance program, according to Fatima Ezzahra El Mansouri, Minister of National Land Use Planning, Urban Planning, Housing and City Policy.
  As of November 5th, 28,458 people have benefited from this scheme, a quarter of whom are Moroccans living abroad (MRE). The State has contributed 2.3 billion dirhams, or 20% of the total value of the acquired housing, which amounts to 11.4 billion dirhams. (…)

• Casablanca Real Estate Prices Rise 0.6% Amid National Market Growth
  26 August 2022, by Armel

  In the second quarter of this year, the overall index of real estate asset prices in Morocco increased by 0.2%. In Casablanca, prices followed the same trend, showing a 0.6% increase.
  In the economic capital, prices increased by 0.6% from one quarter to the next, the result of increases of 0.1% for residential properties, and 4.4% for professional-use properties. On the land side, Bank Al-Maghrib, in a note on the overall trend of the real estate market, reports a 1.2% drop.
  Regarding (…)

• 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 (…)

• 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 (…)

• 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 (…)