
Morocco's Real Estate Market Faces Continued Price Decline, Central Bank Reports
Is real estate in Morocco in crisis? This is what emerges from the data just unveiled by Bank Al-Maghrib (BAM).

Is real estate in Morocco in crisis? This is what emerges from the data just unveiled by Bank Al-Maghrib (BAM).

The day after the celebration of Eid al-Adha, vacationers are more attracted to northern Morocco and, more precisely, to the city of Tetouan. This strong influx is justified by the cultural diversity and the beautiful beaches offered by this new festival destination, resulting in a sharp rise in prices.

Morocco is further strengthening its presence at the Guerguerat border post. In this regard, despite the threats of Brahim Ghali, leader of the Polisario Front, the Kingdom has launched the urbanization of the area through the construction of social housing and functions.

The masterminds of a land mafia, actively sought by the Moroccan justice system and Interpol, have been located in the no man’s land of Kandahar, near Guerguerat. They illegally sold several hectares of land belonging to deceased or absent persons from the Kingdom.

In Morocco, the tweet of a young Senegalese woman, victim of xenophobia, has become viral on the web. With 4,000 retweets, her testimony has sparked a wave of outrage over the discrimination suffered by many sub-Saharan nationals in the kingdom.

Bouygues Immobilier Maroc is on its way out. By setting up in the Kingdom, this global group was reassuring of a long-term partnership, thanks to the Moroccan market, which it nevertheless described as strategic. How then to understand this disengagement?

The Directorate General of Taxes and the National Agency for Land Conservation have agreed to update the real estate reference framework. According to industry professionals, the new document now takes precedence over land mafia or the famous "Black".

European real estate investors are increasingly attracted to the main tourist city of Morocco, Marrakech . This choice is justified by the high-end offer of the ochre city.

From July 25 to 30, 2019, real estate professionals, financiers and consulting experts will be on display at the Agadir Almogar N’laagar Real Estate Show. At this meeting of discoveries and opportunities, more than 20,000 visitors are expected.

A call to Moroccans residing abroad has just been addressed by the Minister of Territorial Planning, Urban Planning, Housing and City Policy, Abdelahad Fassi Fehri. They are thus asked to get more involved in the revival of the real estate sector in Morocco.

In order to guarantee more transparency and strengthen the trust of citizens in the public administration, the Minister of Economy and Finance, Mohamed Benchaâboun, chaired last Tuesday in Rabat, the presentation of the common reference of prices for real estate and land transactions that will be deployed at the level of Greater Casablanca starting July 1st.

From June 14 to 16, the 16th edition of the Real Estate Show "SMAP Immo" will bring together the world at the Parc des Expositions, Porte de Versailles in Paris. This year, the Rabat-Salé-Kénitra region is the guest of honor of this event supported by the Ministry of National Land Use Planning, Urban Planning, Housing and City Policy, in partnership with the National Federation of Moroccan Real Estate Developers (FNPI).