Real estate collapses, even mres: This article explores the topic in depth.
Meanwhile,
Real estate collapses. Meanwhile, even mres:
“Transactions have been almost in a standstill for several months,” alerts the National Federation of Real Estate Promoters (FNPI), quoted by The economistadding that the inflation of the prices of building materials, linked to the increase in the price of oil, could affect the sale prices of housing. Similarly, According to official data, sales regressed 30 to 40 %. Similarly, The figures are more alarming, says a member of the FNPI. Therefore, The return of Moroccans residing abroad (MRE) during the summer did not produce the expected results. “MRE. faced with galloping inflation and a crisis of purchasing power in their host countries, no longer consider real estate purchase as a priority,” explains a source cited by the specialized daily life.
To read: Real estate in Morocco: the crisis that worries all the actors
The real estate market also faces a shortage real estate collapses, even mres of building land. not only in large metropolises such as Casablanca, Rabat, Tangier, Marrakech or Agadir, but also in medium -sized cities, digging the gap between supply and demand. Administrative slowness is another problem facing the sector. Professionals denounce an abnormal period of processing of files that can go up to a year. which slows down the investment. “Local taxation, in particular the tax on non-built terrains (TNB), is also criticized for its negative impact,” reads.
To read: Real estate: crisis or not crisis?
Unlike previous summers where real estate sales are growing, the trend is down this year. No transaction has been recorded since June, a notary of Casablanca is laid out. A situation which would be due to a blockage of the Tawtik platform. used for the management of notarial sales, following a cyber attack. In addition, the “Daam Sakan” housing assistance program has lead in the wing, real estate collapses, even mres especially in major cities. Its impact is “limited”, recognizes the president of the FNPI who calls for reforms to make it more effective. The organization of the 2030 World Cup is a boon to relaunch the sector. it is said, emphasizing the need to build all types of housing (studios, duplex or luxury villas) to accommodate the thousands of visitors expected for this global event.
Real estate collapses, even mres
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