
Morocco's Real Estate Market Grinds to Halt Amid Health Crisis
Real estate transactions in the Moroccan market are at a standstill, putting developers and notaries on technical unemployment.

Real estate transactions in the Moroccan market are at a standstill, putting developers and notaries on technical unemployment.

As part of the modernization of administrative procedures, the Moroccan administration wants to focus on simplifying procedures and minimizing contact with too much paperwork. In this perspective, the General Treasury of the Kingdom (TGR) and the National Council of the National Order of Notaries of Morocco (CNONM) announced on Thursday the dematerialization of the certificate of payment of taxes and duties levied on the property being transferred.

Measures to revive the real estate sector were at the center of a working meeting. This took place between the Urban Agency of Marrakech (AUM) and the Regional Council of the Order of Architects (CROAT) of the Marrakech-Safi region.

Reduce registration fees by 50% for real estate acquired by the end of 2020. This is what the Moroccan government is considering to help buyers cope with the economic difficulties arising from the covid-19 health crisis.

Launched four years ago south of the city of Kénitra , the mega-project "Mehdia Sustainable City" is struggling. The subject of an agreement between the Moroccan state and the Emirati group, International Investment Group (IIG), "Mehdia Sustainable City" has had to scale back its ambitions.

Real estate investment that pays off big is the acquisition and rental of studios. As rental demand is strong, and profitability is high.

The health crisis and confinement have led to the halt of almost all real estate construction sites in Morocco.

Has the real estate sector in Kénitra been affected by the coronavirus crisis? The question arises for those who want a property in this city located about forty kilometers from Rabat. Let’s look at the situation in detail.

Faced with land grabbing, the presidency of the public prosecutor’s office calls on prosecutors to be more vigilant in the electronic processing of files.

How are prices behaving in the real estate market in the city of Agadir? To find out, let’s analyze the real estate asset price index (IPAI) for the first quarter of 2020, published by Bank Al Maghrib .

The subsidiary of the Al Mada group, Marjane Holding, has just given a gift to its partner tenants in this period of great crisis for the retail sector. It has canceled their rent from March 20, 2020 until the date of reopening of shopping centers and galleries, and at the latest until June 10, 2020.

Is now a good time to make investments in the real estate sector in Casablanca? This is a question that can be asked, especially with the coronavirus crisis that is far from being under control.