Morocco
Moroccan Housing Aid Program Sees Strong Uptake from Expatriates
Moroccans residing abroad (MREs) have greatly contributed to the success of the direct housing assistance program. The number of beneficiaries attests to this.
Topic
Real estate
Morocco
Tangier Races to Boost Hotel Capacity for 2030 World Cup
Tangier is mobilizing to be ready to host the 2030 World Cup in football. Following a critical assessment by FIFA regarding its tourism infrastructure, the city is implementing an action plan to strengthen its hosting capacity.
Morocco
Construction Begins on Casablanca's Tallest Skyscraper
Casablanca is getting a new skyscraper. The work on the "M Tower", located in the heart of the Casa Anfa business district, has begun under the leadership of the Mfadel and Red Med Real Estate groups. This real estate project aims to redesign the horizon of the Moroccan economic capital.
Morocco
Marrakech's Affordable Rentals Raise Concerns Over Illegal Tourism Market
Several popular neighborhoods in Marrakech are increasingly attracting tourists looking for affordable rental offers, such as Bab Doukkala. But beware of illegal rentals.
Morocco
Morocco's Tax Amnesty Program Yields $520 Million in Undeclared Assets
Great success for the voluntary tax regularization operation recently launched. Already nearly 2,000 taxpayers have declared more than 5.2 billion dirhams since the launch of this operation which ends on December 31.
Morocco
Morocco's Collective Land Sales Surge, Generating 509 Million Dirhams in 2023
The sale of collective lands generated 509 million dirhams in revenue during the first nine months of 2023, a significant increase compared to the same period last year when it was 404 million dirhams, according to the Ministry of the Interior’s 2024 activity report.
Spain
Spain to End 'Golden Visa' Program for Foreign Investors
The Spanish Congress has approved the abolition of "golden visas" that offer the possibility for foreigners, including Moroccans, to acquire housing and carry out commercial investments in the Iberian peninsula. These visas will continue to be granted until the new measure comes into force.
Morocco
Famous real estate developer arrested in Morocco
A famous real estate developer was arrested on Thursday by the border police at the Mohammed V International Airport in Casablanca. Facing no less than 120 complaints in Marrakech, the defendant was made available to the judicial police in the ochre city.
Morocco
Abandoned Social Housing Project in Mohammedia Sparks Calls for Action
The local office of the Federation of the Democratic Left (FGD) in Mohammedia is calling for the intervention of the authorities regarding a hundred social housing units abandoned in the El Bradaa neighborhood.
Morocco
Moroccan Police Bust Major Money Laundering Ring Led by Algerian National in Marrakech
A vast money laundering network led by an Algerian was dismantled in Marrakech by the National Brigade of the Judicial Police of the Royal Gendarmerie.
Morocco
Real estate in Morocco: Towards the end of reservation contracts?
The Council of Government will examine this Thursday the draft law amending and supplementing Law No. 25-90 on subdivisions, housing groups and land divisions. The text provides, among other things, for tougher sanctions against developers concluding reservation contracts.
Spain
Moroccans lead foreign real estate purchases in Spain
Moroccans have been the top foreign buyers of homes in Spain since 2016, with 5,452 homes purchased, according to notary data.