
Tangier's Real Estate Crisis: Developers Close Doors as Market Freezes
The real estate sector is going through dark times in Tangier. Some real estate developers have already closed their doors.

The real estate sector is going through dark times in Tangier. Some real estate developers have already closed their doors.

The case of a complaint filed by a Jewish citizen, who accuses current and former elected officials, a real estate developer and a dismissed authority agent of having dispossessed his real estate located in the Gzenaya region, continues before the Court of Appeal of Tangier.

Owners of guest houses, hotels and classified tourist complexes in the city of Marrakech have expressed their discontent with the anarchic rental of villas.

The Moroccan real estate market is going through a major crisis marked by a drop in sales, a rise in construction costs and administrative bottlenecks. A deep reform is needed to revive the sector, in the perspective of the 2030 World Cup.

Arrived from Morocco without resources, and victim of prejudices and discrimination, Mohamed El Madani is today a great real estate entrepreneur in Spain. His company, Urbanflip, generates an annual turnover of 50 million euros.

Moroccan Residents Abroad who receive income from renting out real estate in Morocco are subject to income tax. This regime also applies when the housing is made available free of charge to persons other than parents or children.

In Morocco, consumer protection associations call for the need to accelerate the regulation and organization of the residential apartment rental sector, dominated by "street brokers" who manipulate prices and strangle consumers’ wallets.

Moroccans are among the main new buyers of real estate in Spain. According to the General Council of Spanish Notaries, foreign residents represent a larger proportion of foreign buyers than non-resident foreigners.

The housing fraud revealed this week and concerning a Brussels woman of Moroccan origin who was benefiting from social housing while working as a lawyer in Morocco since 2003 has prompted a reaction from the Walloon authorities, who plan to take measures to avoid such abuses.

For the many Moroccans living abroad who dream of investing in real estate in the country, the 2025 tax guide brings some new developments.

A Brussels woman who claimed to be incapable of working in Belgium was benefiting from social housing and receiving social benefits while working as a lawyer in Morocco since 2003.

Real estate prices in the city of Benslimane have remained "reasonable and adapted" in this difficult context, due to its geographical position, its urban development plan, and the ongoing projects, says a source within the Ministry of National Land Use Planning, Urban Planning, Housing and City Policy.