2026 Finance Law: What Changes for Real Estate in Morocco
Équipe Aqarrati
Experts en immobilier au Maroc
Morocco's 2026 Finance Law introduces several measures directly impacting the real estate market: expansion of the Daam Sakane program, fiscal adjustments on capital gains and rental income, and new incentives for real estate developers. These changes reshape the landscape for buyers, investors, and landlords. Understanding these developments is essential to optimize your real estate strategy in 2026.
Overview of Real Estate Measures in the 2026 Finance Law
Morocco's 2026 Finance Law, adopted in late 2025, contains several provisions directly impacting the real estate sector. These measures aim to encourage homeownership for low-income households, regulate speculative practices, and stimulate housing supply. Here are the main changes to know.
Changes to the Daam Sakane Program
- Expanded to include joint property owners: people who own an inherited co-property are now eligible
- Introduction of a restitution clause: aid must be repaid if property is sold before 5 years of effective occupancy
- Strengthened controls to prevent abuse and fraudulent arrangements
- Integration of young households under 35 years in priority access schemes
Real Estate Taxation: Key Changes
| Measure | Before 2026 Finance Law | After 2026 Finance Law |
|---|---|---|
| TPI exemption on primary residence | Exemption after 6 years of ownership | Maintained: exemption after 6 years of uninterrupted ownership |
| VAT on economic housing | 0% VAT for properties < 250,000 MAD | 0% VAT regime maintained |
| Taxation of rental income | Progressive income tax on rental income | 40% deduction on rental income maintained |
| Registration fees | 4% of sale price | Maintained at 4% but strengthened anti-undervaluation controls |
New Incentives for Real Estate Developers
- Tax benefits maintained for developers building economic housing (price < 250,000 MAD)
- New obligations to deliver social housing in large residential projects (social quota)
- Streamlined building permit procedures for affordable housing projects
- Incentives for building intermediate rental housing in major cities
What Changes for Real Estate Investors
Real estate investors should note several developments: the 40% deduction on rental income maintained for individuals, strengthened controls on rental income declarations, and new reporting obligations for owners of multiple properties. Capital gains remain subject to the Property Capital Gains Tax (TPI) at usual rates, but tax controls are reinforced.
Opportunities to Seize in 2026
- Take advantage of the expanded Daam Sakane program for a first property purchase
- Invest in economic housing to benefit from developer tax advantages
- Acquire a property before a potential revision of registration fees in 2027
- Benefit from still-attractive interest rates (3.90%-5.50%) in a context of monetary stability
- Explore emerging markets (Agadir, Tanger, Fès) before the expected price increases
Precautions for Property Owners
- Correctly declare your rental income to avoid tax reassessments
- Keep all supporting documents for deductible expenses (maintenance, repairs, loan interest)
- Do not undervalue the sale price in transactions: controls are reinforced
- Check the ownership duration before any sale to optimize capital gains taxation
Frequently asked questions
Is the TPI exemption on primary residence maintained in 2026?
Yes, the TPI (Property Capital Gains Tax) exemption for primary residence is maintained after 6 years of uninterrupted ownership. The 2026 Finance Law does not modify this basic rule.
Have registration fees increased in 2026?
Registration fees remain fixed at 4% of the sale price. However, controls against undervaluation of the sale price are reinforced to combat tax fraud.
What are the new obligations for landlords?
Owners of multiple rental properties have new reporting obligations. The 40% deduction on rental income is maintained, but tax controls are strengthened. Consulting an accountant is advisable.
Are there new aids for young buyers in 2026?
The 2026 Finance Law provides priority access schemes to the Daam Sakane program for young households under 35 years, particularly in high-demand areas like Casablanca and Rabat.
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