Real estate in Morocco: the tax certificate that slows down transactions

The legal requirement to present a tax certificate before any real estate transaction, which came into force on July 1 in Morocco, is causing dissatisfaction, both among economic operators and notaries.

The measure aims to introduce more rigor and transparency in the real estate sector. But it does not arouse the support of the actors. For economic operators, it increases administrative procedures and creates additional costs. “We have commitments with buyers who shy away from excessively long transfer deadlines and with bankers who have no use for bureaucratic red tape and who penalize us financially,” confides to Challenge a real estate developer who asserts that “this issue concerns everyone and penalizes everyone”.