The Impact of Government Policies in Morocco on the Transformation of the Real Estate Market

Jul 15, 2024

Aerial photo of buildings

Strategic government policies have transformed the Moroccan real estate market by modernizing infrastructure, stimulating the economy, and improving the quality of life for citizens. Let's explore in detail the impact of these initiatives on housing supply and demand, as well as on foreign and local investments, offering new opportunities for investors and buyers.

Government policies favoring investors...

Morocco's urban development policy aims to modernize infrastructure, improve the quality of life for citizens, and promote environmental sustainability. This includes the rehabilitation of urban areas, the construction of social housing, and the creation of green spaces. By encouraging investments and integrating sustainable practices, Morocco is transforming its cities into modern and inclusive spaces.

Green Morocco Plan

This program aims to attract investments and improve agricultural infrastructure, which has an indirect impact on the real estate market by stabilizing rural areas and promoting balanced urban development.

Industrial Acceleration Plan

Aimed at stimulating the economy through the creation of industrial zones, this plan also facilitates the construction of new housing to meet the growing demand from the workforce.

...To social housing development programs...

To meet the growing demand for housing, the government has launched several social housing programs. New cities like Tamesna and Tamansourt provide affordable housing while alleviating congestion in major metropolitan areas.

The Cities Without Slums program has transformed thousands of lives by providing decent housing and eradicating slums, making property acquisition more accessible through subsidies and financial support for first-time buyers.

The Renaissance Casablanca project aims to transform a former industrial district into a modern residential area. A resident recently shared that this project allowed them to access modern housing at an affordable price while benefiting from new transportation infrastructure.

Tax Incentives and Regulations

Tax incentives and regulations have been essential tools for attracting foreign and local investments. VAT exemptions for real estate developers and tax reductions for investors have boosted interest in the Moroccan real estate market. Strict construction regulations ensure the quality and sustainability of new projects, creating a safe and attractive framework for investors.

What to Know About Foreign Investments

Thanks to government policies, Morocco has become a prime destination for foreign investments. Special economic zones like Casablanca Finance City offer tax advantages and state-of-the-art infrastructure, attracting international companies and boosting demand for commercial and residential real estate. These initiatives energize the local economy and strengthen Morocco's position as an investment hub in North Africa.

...Morocco is undergoing a major transformation of its key cities.

The Casa Anfa project is transforming Casablanca's former industrial area into a modern urban center. With its offices, housing, and vast green spaces, Casa Anfa embodies the vision of sustainable urban development. This project includes parks, sports and cultural facilities, and modernized transportation infrastructure, making the city more attractive to residents and investors.

The revitalization of this area has not only improved the quality of life for its inhabitants but also attracted numerous businesses and investors, boosting the local economy.

Rabat : Bouregreg Valley Development

The Bouregreg Valley development project is one of the most ambitious and transformative projects in Morocco, aiming to revitalize the region between the cities of Rabat and Salé. Initiated in 2006 by the Bouregreg Valley Development Agency, this project covers an area of 6,000 hectares along the mouth of the Bouregreg River and includes several development phases.

Urban and Environmental Rehabilitation

The project aims to restore and protect the valley's natural ecosystems, including the creation of parks and green spaces, as well as the rehabilitation of the riverbanks.

Economic and Tourist Development

The Bouregreg Valley is being transformed into a major tourist and cultural destination, with attractions such as the Mohammed VI Museum of Modern and Contemporary Art, the Grand Theater of Rabat, and the Bouregreg Marina.

Transportation Infrastructure

Improved transportation infrastructure, including the construction of bridges, roads, and tram networks, facilitates mobility between Rabat and Salé.

Residential and Commercial Impact

The project includes the construction of housing, offices, shopping centers, and hotels to meet the growing demand for housing and services.

Economic Impact

The development of the Bouregreg Valley has created thousands of jobs and attracted national and international investments.

Social and Cultural Impact

The project has improved the quality of life and reinforced cultural identity by preserving historical heritage and creating public and cultural spaces.

Environmental Issues

Ecological rehabilitation has protected biodiversity, reduced pollution, and created public green spaces, promoting environmental sustainability.

The Bouregreg Marina is an emblematic example of this project. It includes modern port facilities, luxury residences, restaurants, and leisure spaces. The marina has not only revitalized a previously underdeveloped area but has also become a major tourist attraction, drawing local and international visitors. It embodies the project's vision of creating multifunctional urban spaces that combine modernity and environmental respect.

Marrakech : M Avenue

The M Avenue project is a prestigious real estate development located in the heart of Marrakech, designed to become a new must-visit destination for residents and visitors. This project, initiated by the Downtown Hotel Corporation and realized in partnership with world-renowned architects, spans an area of 5 hectares and combines residential, commercial, hotel, and cultural elements.

Objectives and Components of the Project:

Luxury Residential

M Avenue offers high-end residences with modern apartments and luxurious villas, equipped with all necessary amenities for optimal comfort.

Commerce and Entertainment

The project includes a shopping avenue with international brand boutiques, gourmet restaurants, cafes, and entertainment spaces. This avenue is designed to provide a unique shopping and leisure experience.

Hospitality

M Avenue is home to luxury hotels, including the renowned St. Regis Hotel, offering world-class services for tourists and business travelers.

Culture and Well-being

The project also includes cultural spaces such as art galleries, wellness centers, and spas, promoting a balanced and enriching lifestyle.

Green Spaces and Urban Design

Special attention is given to landscaping with lush gardens, promenades, and public squares, creating a pleasant and relaxing environment.

Economic Impact of the Project:

M Avenue generates local jobs and attracts international investments, enhancing the economic appeal of Marrakech.

Social and Cultural Impact:

M Avenue enriches the cultural and leisure offerings, improving the quality of life for residents and providing unique experiences for visitors.

Environmental Impact:

The project adopts sustainable practices and creates green spaces, contributing to environmental preservation.

The St. Regis Marrakech Hotel is an emblematic example of this project. This luxury hotel, integrated into M Avenue, offers elegant rooms, sumptuous suites, fine dining restaurants, and wellness facilities.

Invest in the Future: Discover Morocco's Real Estate Opportunities with Housing Place

The real estate market in Morocco is undergoing a revolution thanks to strategic government policies that modernize infrastructure, stimulate the economy, and improve the quality of life for citizens. Cities like Casablanca, Rabat, and Marrakech are at the heart of this urban transformation.

Investing in iconic projects such as Casa Anfa, the Bouregreg Valley, or M Avenue is an opportunity to participate in sustainable and inclusive growth. These areas offer not only modern housing and green spaces but also significant economic benefits and attractive tax incentives.

Don't miss the chance to explore the best investment opportunities in these dynamic and prosperous regions.

Whether you are an investor seeking attractive returns or a buyer looking for the perfect home, Housing Place is your trusted partner to navigate the rapidly expanding Moroccan real estate market.

Visit our website today and let our experts guide you to make the best choice for your future. Join us and be part of the real estate revolution in Morocco.