It’s a year to forget for many Moroccan professionals working in vacation rentals. In addition to the absence of international tourists, they had to face the tightening of rules imposed by the health authorities.
A real estate developer has managed to deceive the vigilance of buyers, using several subterfuges to sell apartments and several infrastructures. This real estate scam took place in Berrechid.
Luxury villas with gardens and swimming pools are springing up like mushrooms around Casablanca, Rabat and Mohammedia, in violation of urban planning rules. These works were carried out on the basis of building permits issued rather for agricultural activities, with the complicity of authority agents and elected officials.
Real estate sales have picked up again in Morocco and prices have fallen according to industry professionals. A revitalization due to the 50% reduction in registration fees and the suspension of the application of the price reference since the end of July 2020.
Relations between real estate developers and the tax authorities are on good terms. The agreement signed at the beginning of the year between the National Federation of Real Estate Developers (FNPI) and the tax administration is now effective.
In Morocco, the health crisis related to the coronavirus has had a negative impact on the real estate sector. The National Federation of Real Estate Developers (FNPI) has made regulatory, bureaucratic and financial proposals to the government for a relaunch of the activity.
Real estate is among the sectors that have suffered the most from the state of health emergency imposed by the Moroccan authorities. In Rabat, unlike other cities, real estate has withstood, despite significant variations in certain segments. Let’s look at this in detail for the second quarter.
Confined and locked down, Tangier is no better off than several other Moroccan cities that are going through difficult times in this health crisis due to Covid-19. For the second quarter of the current year, Bank Al Maghrib has released its trends on real estate in the city of the strait, through the Real Estate Asset Price Index (REAPI).
Thanks to the real estate asset price index (IPAI) for the second quarter of 2020, published by Bank Al Maghrib, we know a little more about the real estate situation in Casablanca .
A real indicator for investors and industry players in decision-making, the Real Estate Asset Price Index (IPAI) was published a few days ago by Bank Al-Maghrib. For this second quarter of 2020, what should be remembered about the trend in Marrakech, heavily affected by the Covid-19 epidemic.
The health crisis related to the coronavirus has had a negative impact on the Moroccan banking sector. This is evidenced by the declines in performance in several segments.
The real estate assets held by Moroccan banks are a concern for the central bank. In this regard, Bank Al-Maghrib has invited banks to reduce their balance sheet.