The city of Tangier experienced a dynamic end of 2024 on the real estate front. The fourth quarter figures reveal an upward trend, both in terms of prices and the volume of transactions. A market that seems to be holding its own, despite an occasionally uncertain economic context.
In Morocco, several foreign investors have committed significant resources in certain sectors such as agriculture, real estate, and catering, without prior study. As a result, they have recorded colossal losses due to the low profitability of these investments.
The real estate market in Casablanca experienced a mixed end to 2024, marked by divergent trends depending on the categories of properties.
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 considered the most expensive property for sale in France. One of the most prosperous companies in the luxury real estate sector is looking for a buyer.
The real estate market in Marrakech experienced a spectacular rebound at the end of 2024. After a slump in the previous quarter, transactions have exploded, showing triple-digit growth. An upturn that confirms the recovery, even if disparities persist depending on the types of properties.
The real estate market in Morocco has seen a significant rebound in activity in the fourth quarter of 2024, after a more subdued period. The figures speak for themselves. The real estate asset price index rose by 1.1%, driven by the good performance of all property categories.
Recent aerial images of the Casablanca-Settat region reveal a proliferation of anarchic constructions in douars belonging to municipalities located in the provinces of Mediouna, Berrechid and Nouaceur, during this Ramadan month.
In Morocco, real estate prices remained stable throughout 2024 compared to the previous year, but transactions recorded an increase. This is the result of a joint study by Bank Al-Maghrib (BAM) and the National Agency for Land Conservation, Cadastre and Cartography (ANCFCC).
While the authorities justify the demolition operations of buildings in several neighborhoods of Rabat for reasons of security and development, the Moroccan League for Citizenship and Human Rights (LMCDH) denounces massive violations of the right to decent housing.
Members of the Democratic Left Federation within the Rabat municipal council view the demolition and relocation operations that have affected several neighborhoods such as Océan and Douar El Askar in a bad light and call for their immediate cessation. They also mention the decree approving the development plan and the associated regulations for the commune.
The operation to free the public domain continues in Rabat, specifically in the Al-Mouhit (The Ocean) neighborhood. The angry residents continue to denounce these demolitions without reason and prior notice.
The court of first instance in Casablanca has acquitted Mohammed A. and Saïd A., accused of real estate fraud, including "the sale of illegal constructions and clandestine subdivisions on land belonging to local authorities" in the Ouled Saleh region of Bouskoura.