Morocco launches new housing programme

Reading Time: 1 minute

Morocco housingMorocco as launched its long-awaited middle class housing plan, an initiative through which some 20,000 homes will be built by 2016, according to Housing Minister Nabil Benabdallah, Magrebhia reported. The government is already looking at thousands of hectares of available land, he added.

The initiative will “give hundreds of thousands of Moroccan families access to decent housing at unbeatable prices”,  Benabdallah said.

One developer, the Al Omrane Group, already announced that it plans to build 3,680 homes in 2013. More than a dozen other contracts are also in place.

Morocco’s middle class, which makes up more than half of the country’s population, has suffered from a lack of affordable property for years. The shortfall is estimated at more than 20,000 units, as Moroccan families cannot wait for the chance to buy property that is within their price range. Current property prices have put housing more or less out of people’s reach, experts say.

In the 2014 Finance Act, the prices for middle class housing were set at 7,200 dirhams ($870) per square meter for areas ranging between 80 and 150 square meters. Small and medium-sized cities landed the first development projects. The new homes in El Jadida, Agadir, Safi, Oujda, Benslimane, Fez and Kenitra are expected to become available in 2014.

But according to Abderrahmane Hammoumi of the Consumer Protection Association in Kenitra, the price of 7,200 dirhams per square meter was too high. He urged authorities “to shoulder their responsibilities and guarantee oversight at all levels.”

Do you like this post?
  • Fascinated
  • Happy
  • Sad
  • Angry
  • Bored
  • Afraid

Reading Time: 1 minute

Morocco as launched its long-awaited middle class housing plan, an initiative through which some 20,000 homes will be built by 2016, according to Housing Minister Nabil Benabdallah, Magrebhia reported. The government is already looking at thousands of hectares of available land, he added.

Reading Time: 1 minute

Morocco housingMorocco as launched its long-awaited middle class housing plan, an initiative through which some 20,000 homes will be built by 2016, according to Housing Minister Nabil Benabdallah, Magrebhia reported. The government is already looking at thousands of hectares of available land, he added.

The initiative will “give hundreds of thousands of Moroccan families access to decent housing at unbeatable prices”,  Benabdallah said.

One developer, the Al Omrane Group, already announced that it plans to build 3,680 homes in 2013. More than a dozen other contracts are also in place.

Morocco’s middle class, which makes up more than half of the country’s population, has suffered from a lack of affordable property for years. The shortfall is estimated at more than 20,000 units, as Moroccan families cannot wait for the chance to buy property that is within their price range. Current property prices have put housing more or less out of people’s reach, experts say.

In the 2014 Finance Act, the prices for middle class housing were set at 7,200 dirhams ($870) per square meter for areas ranging between 80 and 150 square meters. Small and medium-sized cities landed the first development projects. The new homes in El Jadida, Agadir, Safi, Oujda, Benslimane, Fez and Kenitra are expected to become available in 2014.

But according to Abderrahmane Hammoumi of the Consumer Protection Association in Kenitra, the price of 7,200 dirhams per square meter was too high. He urged authorities “to shoulder their responsibilities and guarantee oversight at all levels.”

Do you like this post?
  • Fascinated
  • Happy
  • Sad
  • Angry
  • Bored
  • Afraid