Solutions Considered to Address Real Estate Challenges in Morocco by 2025
Faced with obstacles hindering the development of the Moroccan real estate market, concrete solutions are being considered to transform the sector and ensure its sustainable growth by 2025. Here is an overview of the proposed measures to address the main challenges :
1.Simplification of Administrative Procedures
To overcome bureaucratic complexity, the Moroccan government is working on digitizing real estate-related services. The goal is to reduce the time required to obtain construction permits and notarial deeds through centralized online platforms. This modernization aims to facilitate transactions and attract more investors.
2.Enhancing Market Transparency
To combat opacity, initiatives are underway to create publicly accessible databases. These platforms will provide reliable information on prices, property rights, and market trends. Stricter regulation of real estate intermediaries is also planned to ensure fair practices.
3.Expanding Access to Financing
To make real estate credit more accessible, banks and financial institutions are considering adapting their offerings. This includes reducing interest rates, easing loan conditions, and developing innovative financial products for first-time buyers and developers. Additionally, public-private partnerships could be established to support high-impact social real estate projects.
4.Diversification of Investment Areas
To avoid saturation in major cities like Casablanca and Marrakech, authorities are encouraging the development of real estate projects in less-exploited regions. Tax incentives and modern infrastructure are planned to attract investors to emerging cities such as Tangier, Agadir, or Dakhla. This strategy aims to rebalance supply and stimulate local economies.
5.Accelerated Land Regularization
The government is committed to speeding up programs to regularize land without property titles. Awareness campaigns and simplified procedures are being implemented to encourage owners to regularize their status. This measure is essential to secure investments and promote the development of new projects.
6.Combating the Informal Market
To counter unfair competition from the parallel market, strict measures are being considered, including enhanced controls and harsher penalties for unregulated actors. Simultaneously, awareness campaigns will be launched to inform citizens of the risks associated with informal transactions and promote the benefits of the legal market.
7.Promotion of Sustainable Real Estate
In response to environmental challenges, Morocco is focusing on green construction and renewable energy. Stricter ecological standards will be applied to new projects, with incentives for developers adopting sustainable practices. This approach aims to meet the growing demand for environmentally friendly housing.
The Moroccan real estate sector could undergo a major transformation thanks to these solutions. By combining modernization, transparency, and diversification, Morocco aspires to create a more inclusive, competitive, and sustainable real estate market. These efforts should not only attract more investment but also address the growing housing needs of the population.