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FINANCIAL NEWS
Morocco’s real estate transfer fees drop by 50pct
02 Nov 2016
(MENAFN) Real estate transfer fees will grow in Morocco, but professionals from the sector have reservations due to the tax would affect the volume of property sales in 2017 negatively.
Accordingly, despite the 5 percent decline in the average selling price of different properties, the number of sales has not rebounded since the 50 percent fall started this year.
The decline has impacted all sectors, including housing projects; which make up 70 percent of property sales and have moved the worst effects of the crisis.
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