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 (…)

• 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 (…)

• 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 (…)

• 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 (…)

• 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 (…)

• 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 (…)

• Real Estate Developers Accused of Blocking Public Transit to Casablanca Suburbs
  27 September 2024, by Sylvanus

  The connection of the Nouaceur and Bouskoura areas, on the outskirts of Casablanca, to public transportation is said to be delayed due to a lobby of real estate developers.
  A "lobby" of real estate developers is said to have succeeded in isolating affordable housing projects in the Nouaceur and Bouskoura areas, on the outskirts of Casablanca, after exerting strong pressure at the prefecture of the Nouaceur province, in order to delay the connection of these areas to public transportation; (…)

• Morocco Imposes Fines for Late Self-Construction Cost Declarations
  23 February, by Sylvanus

  Substantial fines will be imposed on people engaged in "Self-construction" projects in case of late declarations of the cost of their work.
  People engaged in "Self-construction" projects must declare the cost of their work before the end of this month of February. This declaration must be "accompanied by several documents: a statement of invoices, as well as a certificate issued by an architect, unless the construction is carried out under a "turnkey" contract," reports Hespress. Failure (…)

• Legal Gaps in Morocco’s Housing Cooperatives Raise Concerns for Buyers
  27 March, by Prince

  Although attractive in appearance, the model of housing associations and cooperatives poses a major problem: the lack of legal guarantees that undermines the security of households involved in these projects.
  The model of housing associations and cooperatives does not offer the legal and financial guarantees necessary to engage in complete safety. "It only takes an announcement with an attractive price to encourage massive financial commitments, without any legal protection," said Younes (…)

• Elderly Scrap Dealer Faces Eviction from Makeshift Dump in Northern France
  2 January 2023, by Sylvanus

  The town hall of Raismes, a commune located in the north of France, near Valenciennes, has decided to evict an octogenarian Moroccan who has been living on an unsanitary site since September. He has refused several rehousing proposals that have been made to him.
  Wild boars crossing the road, a pile of tires, scrap metal, utility vehicle wrecks... An 82-year-old scrap metal dealer, living on Rue de Dreville in Raismes and followed by social services since 2017, has turned the perimeter of (…)