According to Kingdom of Morocco’s Housing Minister, the government is now extending its arm to help hundreds of thousands of their people to afford properties of their own, especially the middle class and marginalized sectors and this is through building affordable houses.
For years, a lot of people in the middle class have been complaining about the prohibitive price of houses in Morocco that the people unfortunately cannot even possess a single property. Nevertheless, the government finally came up with a solution to this dilemma, which is to construct reasonable priced houses.
Right now, the government is looking for thousands of hectares of land where they can raise houses. Their target year is on later part of 2016 where there will be available 20,000 new homes which have been projected by The National Federation of Property Developers (FNPI) who has been deliberately against the plan previously.
Moreover, while having the people being the beneficiary of this project, they are also looking forward for future investors. Aside from building new houses, they are also considering lowering the prices of some properties in bigger cities. The first of establishments is expected to be available in Benslimane, El Jadida, Safi, Agadir, Oujda, Kenitra and Fez next year, though according to some critics the price of 7,200 (£534) dirhams per square metre is still expensive.