Morocco
Morocco's Real Estate Prices Rise Slightly as Transactions Plummet in Q1 2024
In Morocco, while real estate prices have risen slightly, transactions have recorded a significant decline in the first quarter of 2024.
Topic
Real estate
Morocco
Rapper Gims Unveils $100 Million Luxury Villa Project in Marrakech
Congolese rapper Gims is preparing to launch a luxury real estate project called Sunset Village Private Residences in Marrakech.
Morocco
Morocco's Real Estate Scams Surge: How Buyers Can Protect Themselves
Cases of real estate fraud are multiplying in Morocco. Many Moroccans wishing to acquire apartments continue to fall into the trap of unscrupulous real estate developers who receive large sums without delivering the housing or not respecting the delivery deadlines.
Morocco
Morocco Launches National Effort to Combat Rising Real Estate Scams Targeting Expats
Faced with the growing number of fraud cases in real estate associations, Morocco has set up a national coordination to prevent citizens and thus reduce the number of victims.
Morocco
Morocco Cracks Down on Real Estate Money Laundering as Suspicious Transactions Surge
Suspicious real estate transactions in Tangier, Kenitra, Bouznika and Casablanca are alerting the National Financial Intelligence Authority (ANRF). Faced with the influx of "anonymous funds" in these cities, notaries, real estate agents and banking institutions have reported dubious practices, prompting the ANRF to seize the competent public prosecutor’s office.
Morocco
Airbnb Rentals in Morocco Hit by Burglary Spree Targeting Short-Term Stays
In Morocco, burglars have targeted apartments they rented through the American platform Airbnb in various regions of the kingdom. They pose as Moroccans living abroad (MREs).
Morocco
Moroccan Lawmaker Exposes Widespread Under-the-Table Payments in Social Housing Market
The deputy of the parliamentary group of progress and socialism (PPS) in the House of Representatives, Loubna Sghiri, denounces real estate developers who have set up a generalized "black" system and defraud social housing applicants. She calls on the Minister of Territorial Planning, Urbanism, Housing and City Policy, Fatima Zahra Mansouri, to act.
Morocco
Moroccan Expats in France Lead Surge in Overseas Property Financing
Moroccans living abroad (MREs) have various ways of financing their real estate. This is the finding of a study of simulations carried out by a specialized website.
Morocco
Morocco's Housing Aid Program Draws Strong Interest from Expats and Women
The direct housing assistance program has been a great success since its launch. As of May 23, 2024, 11,749 people have already benefited from this assistance, out of a total of 73,711 applications filed. Many Moroccans living abroad have applied for this assistance.
Morocco
Casablanca Criticized for Renting City-Owned Villas at Shockingly Low Rates
The Moroccan Association for the Protection of Public Money denounces the lack of valorization of municipal properties in Casablanca, including villas rented at derisory prices, and calls on the city council to review its strategy for mobilizing local resources.
Morocco
Casablanca Plans 60,000 Apartments to Eliminate Slums Before 2030 World Cup
The authorities of Casablanca aim to put an end to the phenomenon of slums before the 2030 World Cup, co-hosted by Morocco, Spain and Portugal.
Morocco
Casablanca Council Approves Land Expropriations for Urban Development Projects
The Casablanca municipal council has decided to expropriate certain real estate properties to finance the implementation of development projects in the city.