Among the strategies adopted to boost the real estate market, severely affected by the Covid-19 crisis, there is the suspension of the application of the real estate price reference framework, pending market stabilization. By making such a decision, the Directorate General of Taxes (DGI) hopes to promote real estate sales based on the prices prevailing on the market.
The construction site of a housing estate near the "Tikiouine" area in the city of Agadir has been halted. And for good reason, the PJD parliamentarian and president of the Dchira Jihadia Municipal Council, Ramadan Bouachra, who is also the promoter of the "Taghazout" project, is said to have violated the urban planning law.
The government council has taken certain measures recorded in the draft amending finance law in order to revive the real estate sector affected by the coronavirus. However, these measures are far from producing the expected effect.
Seasonal rentals are holding up despite the health crisis related to the coronavirus and the absence of Moroccans residing abroad (MREs) in the real estate market. The summer holidays will bring in big money for owners.
Among the measures provided for in the draft amending finance law under consideration in the House of Representatives is the 50% reduction in registration fees on residential real estate worth a maximum of 1 million DH.
Customers are increasingly opting for rental rather than acquiring real estate. This preference has increased in these times of Covid-19.
The Moroccan group "Palmeraie développement" is involved through its two subsidiaries, "SAADA Côte d’Ivoire" and "INVIMO" in the construction of 15,000 homes for the benefit of an Ivorian teachers’ mutual. It is in this context that on Wednesday in Abidjan, an agreement with the State of Côte d’Ivoire was signed.
The real estate sector in Morocco, severely affected by the COVID-19 crisis, is facing various difficulties in the context of the resumption of activities after the lockdown.
The National Council of the Order of Notaries of Morocco (CNONM) has made recommendations regarding real estate. To relaunch this sector following the recovery, they are making their priorities known.
In an intervention before the members of the House of Representatives, the President of the Court of Auditors, Driss Jettou, protested against the fate reserved for his studies which do not find "buyers".
The dream of becoming a homeowner has evaporated for some 200 civil servants in Essaouira . What they saw as an opportunity was just a scam. The author, a commercial director of a real estate company, is currently in custody.
According to a study by the Vrije Universiteit Brussel carried out in the city of Ghent, and the results of which were published on Friday in the newspaper De Morgen, the implementation of situation testing against discrimination in housing would have positive effects.