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Developers receive rebates for selling price-capped homes, says Siona Jenkins On the outskirts of Casablanca, a neat subdivision of two-storey villas punctuates the scrub.Demand for cheap housing remains robust across Morocco, particularly around Casablanca, the commercial capital.It has since rehoused some 1.3m people at estimated cost of 32 billion dirhams ($3.4 billion) and 52 cities and towns have been declared "slum free".Only first-time buyers are eligible to buy and, among other enticements, the builder receives a maximum Dh90,000 tax rebate for each unit sold. The government is also encouraging construction of even cheaper housing units, with a top price of Dh140,000, aimed at people earning less than twice the minimum wage of Dh2,570 a month.Although the city's property market has stuttered since the financial crisis, prices are rising again.
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