Morocco’s Housing Loans Surge 6.7% as Real Estate Financing Trends Shift

In addition to this increase in real estate loans, housing loans also grew by 6.7% to reach 230.58 billion dirhams, of which 14.25 billion dirhams were granted in the form of participatory financing, Bank Al-Maghrib said in its latest publication of monetary statistics. On the other hand, loans to real estate developers fell by 10.9% with an outstanding amount of 53.5 billion dirhams, a decrease of 6.56 billion dirhams compared to the same period last year.

Loans granted to the non-financial sector following a positive breakdown of 4.1% recorded a 3% growth. This increase reflects, according to BAM, the 5.6% increase in loans to households.

Regarding the outstanding amount of bank loans, an increase of 1.6% was observed. The drop in equipment loans is explained by a decrease of 7.66 billion dirhams in their outstanding amount year-on-year. At the same time, consumer loans recorded an additional 609 million dirhams over the year, with an outstanding amount of 55.67 billion dirhams.