Détails Blog

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In news that resonated a lot in the Moroccan media, a recent study published by the General Council of Spanish Notaries revealed that Moroccans ranked first in countries outside the European Union for the purchase of real estate in Spain, especially in the south of the country, which has seen a drop in real estate prices.

This report created a great debate about the large amounts of money smuggled from Morocco, which raised the concern of the Moroccan bureau de change as to the seriousness of the situation, and the bureau de change is working on it. introduction of new regulations that would follow to limit capital flight to other countries, as well as the regulation of money transfers.

The study highlights the fact that investments by non-EU citizens in Spanish real estate allow them to obtain residence permits or even Spanish citizenship. In this regard, Moroccans bought more than 3,662 properties in the last year 2018 and edged out the Chinese who bought 2,222 properties as well as the Russians who bought 1,689 properties in Spain.

In the Kingdom of Morocco, real estate is not easy. Indeed, according to Bank Al-Maghrib, residential real estate transactions fell by 8.7% in 2017. The year 2018 was not more encouraging. The market fell 3% in the first quarter and then fell 4.4% in the second quarter. Families, in a context of low growth, are concerned about their purchasing power. They prefer to postpone their investments. Moreover, the number of real estate bank loans approved by banks is also declining even if after the banks have tended to lower interest rates in a precedent, the first of its kind in Morocco.

Alternative solutions to increase investment in real estate in Morocco

Today, new technologies have become a necessity in many areas in order to attract as much profit as possible, as the adoption of digital can lead to the promotion and development of projects, as well as the expansion of its objective and opening to other markets, on the other hand, the real estate sector is one of the areas most affected by the digital world. Indeed, since the advent of social networks, many real estate professionals have reconsidered traditional marketing techniques, most of them today tending to digital marketing, in order to reach the greatest number of buyers. potential and high technology, whether through 3D technology or videos that do not cost much, these features are a real revolution that upsets the traditional methods used years ago and cost them a lot of money.

Today, many future homebuyers and renters begin their home search with a simple internet search, instead of searching the back alleys and streets for brokers and wandering around to find a home that has 60 percent of their aspirants. , where, thanks to the Internet, the option has widened, moved away and without boredom, on the other hand, it is not only the beneficiary customers, but even the professionals of the sector, where digital development has greatly contributed to the increase in purchases and sales in Morocco. Today, investors and real estate entrepreneurs have found in digital offers a unique marketing tool that includes marketing, advertising, sales and communication, where these professionals can also follow their clients and even defame their projects through websites. social networks for example.

Tips for investing in real estate in Morocco

Finally, if you want to invest in Morocco, here are some tips that may be useful to you.

Investing in real estate and generating profitable income for you in the long run is possible, but of course it is not easy as many people see, as the sector is experiencing many new entrants to the investment field. in real estate, given what it provides as a stable secondary source of income, and is capable of being a guarantee for years after retirement.

Engaging in the real estate investment industry requires long and careful study, after which the thought comes to find the real estate that can achieve your goal, and it is emphasized that every real estate investor must ensure find a balanced framework between real estate investment as a secondary source of income and as a main source of income.

As a first step, you need to define the objectives of this real estate investment, identifying the right property for you, whether you are looking for a quick or long term profit, and to take this into account before buying your first property. You should also think about the large financial amounts that you will pay at the start of your investment, where if You were afraid of paying large sums of money to buy real estate, repair it and pay for it, you had better think about investing differently. than in real estate.