Moroccan expatriates (MREs) have been victims of a real estate scam in Nador. The main accused, a real estate developer who is the sole owner and manager of a real estate company in the province, has been arrested.
Bank credit in Morocco showed growth of 4.1% during the month of June. A pace accelerating compared to the trend observed a month earlier (+2.9%).
Already in difficulty, the real estate sector has become even more fragile with the advent of the health crisis. Despite the resumption of activities, the sector is struggling to get its head above water, pushing the players to demand an urgent rescue plan.
Michel Ohayon, a real estate tycoon in France and Israel, will buy Go sport, a brand present in Morocco . The Competition Authority gave its approval on Thursday, July 15.
Serious threats loom over Moroccan cities. Between abnormal constructions, industrial risks, fires, natural hazards, urbanization and others, the implementation of land use and construction regulations is more than essential.
The recovery is underway in the Moroccan real estate market. This is evidenced by the increase in real estate transactions recorded from September 2020 to the first half of this year.
Moroccans will not go to Spain this year. The some 20% of Moroccans who usually spend their summer vacations in this country have decided to boycott this destination, resulting in an estimated loss of more than 3 billion dirhams for the Spanish tourism industry.
The real estate sector is still struggling to recover despite the gradual resumption of economic activities. The sector continues to suffer the consequences of the crisis, both in terms of real estate development activity and employment. Yet, Morocco is facing a housing deficit. Specialists denounce bottlenecks that prevent responding to the aspirations and demands of the population.
While the law on the Sale in the Future State of Completion (VEFA) presents several advantages for both real estate developers and buyers, it is rarely applied. Anice Benjelloun, vice-president of the National Federation of Real Estate Developers (FNPI) proposes improvements.
After Gims, his brother Dadju, it is the turn of the former French rap star Diam’s to settle in Morocco. She is about to acquire a sumptuous villa in Marrakech, the interior of which has been unveiled by her architect.
At the House of Representatives, the justice committee will examine on Tuesday, June 15, a bill on real estate contracts drawn up by lawyers. The text proposes that real estate contracts drawn up by lawyers no longer be subject to the registry of the court but rather to their bars.
Six months after taking office, the head of the Israeli liaison office, David Govrin, is desperately searching for an office to rent in Rabat.