Housing assistance in Morocco: the flop?

Housing assistance in Morocco: the flop?
Housing assistance in Morocco: the flop?

Last January, the Moroccan government launched the housing assistance program for first-time buyers. It provides a subsidy of 100,000 dirhams for the purchase of housing worth less than 300,000 dirhams including tax, and 70,000 dirhams for housing whose price varies between 300,000 and 700,000 dirhams including tax.

As of April 1, some 60,976 applications had been submitted via the Daam Sakan platform, announced Prime Minister Aziz Akhannouch, specifying that 90% of those registered are eligible. The government has planned an annual budget of around 9 billion dirhams for the implementation of this program which should impact 330,000 families over the period 2024-2026, or 110,000 families per year. To date, 8,500 people have benefited from direct housing assistance, reports Morocco Diplomatic.

Read: Morocco: housing assistance creates discontent

The Head of Government reassured that no increase in housing prices is planned, denying rumors about a possible increase in prices for housing to 300,000 dirhams in large cities like Casablanca and Rabat. Citizens of certain regions such as Er-Rich or Zagora will be able to purchase their homes for 250,000 dhs, said the official, adding that the State subsidizes this purchase up to 50%.

In its implementation, this program has caused a lot of dissatisfaction, particularly among real estate developers who have denounced the administrative burden and long procedures regarding obtaining building permits, as well as the fairly short processing times. long, from six months to a year and a half. They believe that the housing assistance program has not met expectations and are awaiting clarification from the government as to the number of housing units authorized for construction since January 1, eligible for the assistance program.

-

-

PREV PEB: the rules have changed and penalize owners
NEXT The Casino group, in the grip of serious financial difficulties, sold 121 stores to Auchan, Les Mousquetaires and Carrefour