For many years the construction sector has tended to operate according to a frequently ambiguous and inadequate legal framework. It is governed by a patchwork of incongruous legal texts which are enforced by various levels of government, from local to national. As a result of this, building has become difficult to monitor and the...
The luxury real estate market in Morocco has traditionally been driven by foreign buyers, especially from Europe, searching for a secondary residence. The economic downturn after 2008 altered the market when demand from these buyers declined sharply. Initially, local wealthy Moroccans were also reticent to buy into the luxury market, but this...
Although the construction industry is generally one of Morocco’s most dynamic sectors, it witnessed a significant slowdown in 2013 due to a confluence of factors. These ranged from regional political instability, leaving foreign investors reticent about entering the Moroccan real estate sector, to a reduction in the number of new construction...
As in many emerging economies, public spending on infrastructure and social programmes has stimulated Morocco’s construction industry, despite the global economic downturn that has greatly affected the sector in both the US and Europe. Social housing programmes have been a driving force in the industry a trend that is set to continue for the...
Prior to the beginning of the global economic downturn in 2008, Morocco’s real estate market drew considerable investment from multinational firms for the development of high-end villas, hotels, resorts and leisure facilities, aimed at a primarily foreign audience. Foreign direct investment in the real estate sector peaked at Dh9.15bn (€813m) in...
Despite the difficult global economic context, Morocco’s real estate sector is performing well, having recovered from a drop five years ago. Activity is down from its peak levels – recorded in 2007-08 – but the sector continues to attract a number of international players. Social housing has proven to be the driving force behind the industry in...
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