Morocco
Moroccan Real Estate Market Slumps as Prices and Sales Plummet
Between falling prices and plummeting transactions, the Moroccan real estate market is currently in a slump.
Topic
Real estate
Morocco
Luxury Villa Rental in Marrakech Leads to Legal Battle Over False Advertising
The Court of First Instance in Marrakech has ordered a real estate company to pay 10,000 dirhams to a citizen. The reason: faulty services not in line with promises in a rented tourist villa, with suspicions of tax evasion to boot.
Morocco
Casablanca Real Estate Prices Surge 30% Amid Demolitions and High Demand
Real estate prices have seen a sharp increase in Casablanca, following the rise in demand induced by ongoing demolitions as part of expropriation procedures for public utility and the fight against illegal constructions.
Morocco
Moroccan Court Sides with Resident in Condo Fee Dispute, Citing Lack of Mediation
The Moroccan justice system has dismissed a property management syndicate that demanded a resident pay the sum of 5,700 dirhams corresponding to monthly contributions.
Morocco
Morocco Orders Inquiry into Illegal Construction Demolitions Amid Citizen Complaints
The Ministry of the Interior has instructed the governors of provinces and prefectures to accelerate the establishment of administrative inquiry commissions responsible for examining complaints from citizens who are victims of demolition operations and evictions affecting illegal constructions.
Morocco
Casablanca Land Probe: Officials Investigate Industrial Zone Profiteering and Abandoned Plots
Following instructions from the central services of the Ministry of Interior, territorial administration officials are conducting investigations into land plots belonging to certain influential personalities, which generate colossal profits through resale or rental, and on abandoned parcels in certain industrial zones in the provinces of Nouaceur and Berrechid, which hinder the investment process, despite the improvement of infrastructure.
Morocco
Moroccan Expats Face Eviction from Tangier Apartment in Legal Dispute
Moroccans Living Abroad (MRE) are under threat of eviction from their apartment in Tangier. It’s the former tenant who has won the case and could regain possession of the property.
Morocco
Morocco Ranks 4th Globally in Schengen Visa Applications, EU Data Shows
Morocco ranks in the top 5 countries with the most Schengen Visa applicants.
Morocco
Morocco's Real Estate Sector Booms Amid Economic Growth and World Cup 2030 Preparations
The prospects are promising for the Moroccan real estate sector, driven by favorable economic dynamics and in anticipation of the 2030 World Cup. However, challenges remain, particularly in terms of supply and price regulation.
Morocco
Casablanca Launches Massive Relocation Plan to Eradicate Slums by 2027
Deprived of housing, more than 2,600 households evicted from slums in Casablanca have received the keys to their new apartments. The authorities are working to rid the kingdom’s economic capital of slums by 2027.
Morocco
Tangier Prepares Luxury Development Near Central Station for 2025 CAN and 2030 World Cup
The board of directors of the Tangier Urban Agency is expected to meet next week to validate the development plan for an area located near the city’s central station. Good news for real estate professionals.
Morocco
Moroccan Expats' Vacant Properties Fuel Housing Crisis in Northern Cities
The numerous apartments purchased by MREs , often unoccupied outside of holidays, are identified as a major cause of the 334,000 empty apartments in northern Morocco, reducing the available supply.