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Tangier (in Arabic: طنجة, Tanja; in Greco-Roman: Tingis) is a city in northern Morocco. It is the capital of the...

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Immovable 01 Apr 2016 3 min read

The Housing Crossroads takes up residence in the city of the strait

The Housing Crossroads takes up residence in the city of the strait

The Real Estate Fair intended for the teaching family opened its doors, Friday, in the city of Tangier. More than 1,200 visitors are expected at this fifth edition.

The kick-off of the fifth edition of the Regional Housing Crossroads was given, Friday, in Tangier. Organized at the initiative of the Mohammed VI Foundation for the Promotion of Social Works of Education-Training, at the headquarters of the Municipal Palace, this fair will continue until Sunday, April 3, indicates a press release.

The event, which has already been organized in Marrakech, Agadir, Kenitra, and Casablanca, brings together banks and real estate developers in the area, the objective being to facilitate the choice and acquisition of housing for Foundation members. "The particularity of this fair lies in the fact that the teaching family has, on-site, interesting offers from the largest developers in the region and all banking organizations. The idea is to make competition play to benefit our members from the best proposals," explains Jamal Zitouni, director of services at the Foundation. And to specify: "We accompany our members, during these three days, so that they can obtain additional discounts on real estate offers, including those under agreement, as well as on bank rates, whether it concerns real estate or consumer loans."

In this sense, the Foundation has proceeded to negotiate new tariff offers with the largest real estate developers in the region, such as Alliances, Al Omrane, CGI, Chaabi Lil Iskane, Dyar Al Mansour, Groupe Chaimaaz, CMKD, or even Les Espaces Saada. The latter have committed to significantly reducing the prices of their products. It should be noted that during the 2012-2014 period, for example, the signing of a series of agreements with developers made it possible to obtain discounts of a total amount of more than 30 million DH, emphasizes the same source. According to the Foundation, the interest rates offered on the occasion of this fifth edition go well beyond the usual agreements signed with credit organizations.

As an indication, for a loan of less than 200,000 dirhams, the interest rate for a real estate loan was set at 2.57% on average for members. For the same amount, the interest rate is set at 4.9% for the consumer loan, often contracted in anticipation of equipping the new housing. Furthermore, for this fifth edition of the Housing Crossroads, the organizers are counting on nearly 1,200 visitors. Also to be remembered is that the next ones will be held in Oujda and Meknes.

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