A number of developers, who consider that their interests are not sufficiently protected and that they are subject to technical and financial constraints, sometimes prefer ignoring the provisions of the Moroccan law on off-plan sales – vente en l’etat futur d’achevement (VEFA) – which has been in force since November 2003.
These provisions are of mandatory application whenever a developer under-takes to build a property within a predetermined timeframe and a buyer undertakes to pay the purchase price in instalments corresponding to the completion of construction milestones.
