Morocco
Morocco's Tourism Shift: Apartment Rentals Surge, Challenging Hotel Industry
In Morocco, another form of accommodation is thriving to the detriment of hotels. These are tourist apartment rentals that have a storefront.
Topic
Real estate
Morocco
Casablanca Launches Massive Housing Project to Relocate 62,000 Slum Families Before 2030 World Cup
The authorities of Casablanca are working on the construction of 62,000 social housing units to accommodate the inhabitants of the slums of the metropolis and its surroundings (Nouaceur, Médiouna and Mohammedia), before the 2030 World Cup.
Morocco
Islamic Mortgage Loans Surge 13.5% in Morocco, Boosting Real Estate Market
"Halal" real estate loans granted to Moroccan households have seen a significant increase, reaching 23.1 billion dirhams at the end of June, compared to 20.3 billion dirhams in the same period last year, according to Bank Al-Maghrib in a recent note.
Morocco
Moroccans Outraged by Illegal Parking Attendants and Soaring Parking Fees
Moroccans continue to suffer from the law of the "yellow vests", these illegal parking attendants who demand exorbitant amounts from them. They also complain about the high prices of parking lots managed by local authorities or private companies.
Morocco
Former Moroccan Mayor's Assets Seized in Corruption Case
The Court of First Instance in Fez has ordered the seizure of all real estate and movable property, as well as the bank accounts of a former president of the commune of Midelt, a member of the Party of Justice and Development (PJD), who is being prosecuted for money laundering and embezzlement of public funds, among other things.
Morocco
Vacant Apartments Surge in Northern Morocco as Expats Buy Second Homes
According to official data, the number of vacant apartments in the Tanger-Tétouan-Al Hoceima region is estimated at around 334,000 units, representing 15.6% of the total number of vacant apartments in Morocco. Many of them belong to Moroccans residing abroad (MREs).
Morocco
Morocco's Wedding Industry Faces Crisis as Traditional Celebrations Decline
In Morocco, the attendance of wedding halls has dropped considerably this summer to the point of worrying several managers.
Morocco
Moroccan Expats Protest Low Compensation for Tangier Port Expansion Expropriations
MREs (Moroccans Residing Abroad) who own apartments in a tourist complex located on the seafront in Oued Ghlala in the Tangier region, are targeted by an expropriation as part of the Tanger Med port extension project. They denounce the derisory prices proposed by the expropriation judge.
Morocco
Morocco Suspends Local Officials Over Urban Planning Violations
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.
Morocco
Morocco Launches Housing Initiative to Attract Overseas Nationals
The Ministry of National Land Use Planning has launched a large-scale information campaign for Moroccans living abroad. Entitled "Urban Planning and Housing at the Service of Moroccans Abroad", this initiative aims to facilitate access for Moroccans residing abroad to housing programs and support them in their real estate projects in Morocco.
Morocco
Former IMF Chief Strauss-Kahn Denies Moroccan Hotel Project, Confirms Land Purchase
Dominique Strauss-Kahn (DSK), former Managing Director of the International Monetary Fund (IMF), also former French Minister of Economy, Finance and Industry, disputes the information reported by the media, including Bladi.net, concerning the launch of a vast hotel project south of Tangier .
Morocco
Prominent Tangier Developer and Son Arrested in Alleged Real Estate Scam
A renowned real estate developer in Tangier and his son were taken into custody last Tuesday on the orders of the competent prosecutor, as part of an investigation into alleged fraud and fraud.