Morocco’s Housing Loans Rise 3.5% as Real Estate Sector Shows Signs of Recovery

In its March 2021 economic note, the DEPF indicated that real estate development loans remained stable, while the outstanding real estate loans stood at 283 billion dirhams (MMDH), an increase of 2.3%. The note also points out that the 2021 Finance Act extended until June 30 the tax incentive measures for the recovery of the real estate sector, which has led to an improvement in real estate transactions.

In the first quarter of 2021, real estate transactions recorded by notaries in the city of Casablanca are estimated at 25%, a sharp increase compared to the first quarter of 2020. The note also recalls that cement sales, which are the main indicator of the activity of the Building and Public Works (BTP) sector, fell by 10.1% at the end of February 2021. This decline is due to weather conditions and the extension of the state of health emergency decreed to limit the spread of Covid-19.