
Morocco Revises Property Tax Laws: Key Changes for Homeowners and Businesses
The draft law 07-20 on taxation in Morocco is once again coming to the fore. It was analyzed and adopted during the government council on Thursday, November 5.

The draft law 07-20 on taxation in Morocco is once again coming to the fore. It was analyzed and adopted during the government council on Thursday, November 5.

In Morocco, participatory financing stands at 11.84 billion dirhams (+50.7%) at the end of September, of which 10.09 billion dirhams for the real estate sector. This is indicated by the latest statistics from Bank Al-Maghrib (BAM) .

A former president of the Saïdia commune has treated himself to a luxurious villa that he rents for 200 DH per month. This situation, which has prevailed for about ten years, has never been the subject of a review of the rental value.

The housing situation of Moroccans living abroad is a concern for Nezha El Ouafi . During a meeting held on Wednesday, the Minister Delegate in charge of Moroccans living abroad encouraged them to invest in the real estate and construction sector.

The Minister of National Land Use Planning, Urban Planning, Housing and City Policy, Nouzha Bouchareb , has lifted a corner of the veil on the revision of the contracting mechanisms related to social housing and that intended for the middle class.

French singer Vitaa has launched the construction of a luxury villa in Marrakech. This huge property, almost completed, could soon welcome the Bendaoud couple with their only son.

The real estate sector in Morocco has not been spared by the health crisis. However, despite the impacts of the Covid-19 crisis, this sector is rising from the ashes with a real estate market that is regaining momentum.

The battle of the National Federation of Real Estate Developers is about to be won. The finalization of the "developer" status is on the right track.

The 2M channel is expected in the court of first instance of Casablanca on October 28. This is following a complaint from the owner of the building housing its regional headquarters in Al Hoceima, who is claiming 7 months of unpaid rent.

Lack of inventory of its real estate assets, villas rented for 55 dirhams, merchants subletting the town hall’s shops to third parties..., the list is long of acts of poor governance attributed to the Rabat City Council, led by the PJD. As a result, the Ministry of the Interior refuses to validate the town hall’s annual budget.

Last July, King of Morocco Mohammed VI concluded the acquisition of a townhouse in Paris. This is an operation carried out in the closed royal circle and which still keeps its secret, as to the cost of the luxury residence.

The Kuwaiti real estate developer, Alargan International Real Estate, is about to launch its major real estate project in Morocco. It is thus unlocking 314 million dirhams more than two years after its establishment in the kingdom.