New rules announced for debt swaps for real estate

Bank Al-Maghrib, the central bank of the Kingdom of Morocco, intends to draft new rules for regulating the exchange of claims that are due, against real estate, as compensation, we learn from Moroccan media sources.

The operation known as the payment date is also applied in the real estate sector. Promoters, often unable to repay everything or leave their debts, can offer to exchange real estate for the debt. But in the current context that is characterized by the strengthening of the banking sector, risks in the sector can occur

The Moroccan central bank could therefore demand stricter management of these assets, requiring valuation from the beginning and during the period that they are taken into account in the banks' balance sheets. The evolution of this regulation will follow. The price of real estate increased significantly in the second quarter of 2018.

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