Finding housing in La Rochelle is a real obstacle course for students in general and Moroccans in particular. For the 2021-2022 academic year, the number of students has increased by 13% compared to last year, a situation that is likely to exacerbate the already evident lack of housing.
Two Moroccan real estate groups have managed to climb into the latest Forbes ranking of the best operators in the Middle East and North Africa (MENA) region, thus proving the dynamism of the sector in the kingdom.
Participatory financing for housing has seen a 49% increase at the end of October compared to the same period a year earlier, reaching 15.3 billion dirhams. But does this recovery in real estate loans indicate a recovery in the sector that has long remained in agony due to the health crisis?
The situation of condominium buildings in most Moroccan cities would be worrying. Municipalities often have difficulties with insolvent and irresponsible tenant debtors who undermine community living.
In 2021, Moroccans residing abroad (MREs) filed 290 complaints related to property dispossession in Morocco, compared to 200 complaints recorded last year by the Ministry of the Interior.
The rental market has picked up again in the third quarter of this year, especially in Bouskoura, Rabat or Casablanca where rents remain the highest in Morocco.
Moroccans have acquired more than 5,000 homes in Spain as of the end of June 2021, accounting for 10.8% of the total transactions. They are followed by the British and Romanians.
Very dynamic just a few months ago, the Moroccan real estate market is experiencing a decline in sales coupled with a marked drop in prices in the 3rd quarter.
The Marrakech city hall began on Monday the demolition of unauthorized constructions and illegal occupation of public domain in several neighborhoods of the city.
Real estate transactions have resumed across the sector. The latest figures show a sharp increase in supply and demand in the third quarter of this year.
The Court of First Instance in El Jadida has sentenced a con man who was posing as an architect and his accomplice to four years in prison and six months suspended for fraud, forgery of administrative documents and participation in a fraud.
The trial of the eight defendants in the Bab Darna real estate case will open on November 9.