Morocco’s Housing Program Boosts Real Estate, Attracts Diaspora Buyers

Launched in January 2024, this program has produced "honorable results," estimates Amine Mernissi, real estate expert. In one year, 35,000 people have already benefited from this program out of a total of 130,000 registered files. Moroccans residing abroad (MREs) represent about 23% of the applications. "This is a good sign, as it shows that there is a real demand for this type of housing, which is essential to revitalize the national real estate market," thinks Mernissi.

The real estate sector contributes 7% to GDP and generates more than a million direct and indirect jobs. However, the inflation of construction material prices and the scarcity of land have slowed the growth of the sector in 2024. "There is still a lot to be done, especially in terms of real estate production and the representativeness of the supply at the national level. Today, about a third, or even a quarter of the applicants have been able to access a solution, which means that a large part of the demand remains to be met," explains the expert.

And to continue: "Despite all the economic and social vicissitudes, we have been able to cope and obtain encouraging results. 2024 is therefore an honorable year, even if much remains to be done." But hope is allowed with the organization of the 2025 Africa Cup of Nations and the 2030 World Cup. "These events will be the drivers of sustained growth in the construction and public works (BTP) sector in general, but also specifically for real estate," analyzes the expert.

The construction and upgrading of infrastructure (stadiums, roads, highways, airports, bridges, railways), underway in the major cities of the kingdom, will contribute to reviving the sector, said Mernissi, indicating that "these two events of such magnitude represent countless opportunities for companies, whether in public contracts or in the tourism sector." The expert also stressed the need to "think about green spaces for a balanced urbanization."