Morocco Plans New Affordable Housing Initiative Amid Declining Demand

Social and economic housing continue to lose their appeal, notes La Vie éco. The reason is a slowdown due, among other things, to a decline in demand, the constantly increasing demands of customers, or the saturation of supply in certain cities. This situation is also explained by the difficulty of access to bank financing in recent years.

According to the Ministry of Housing, 1,264 agreements have been signed for the construction of more than 1.8 million housing units since the launch of the social and economic housing program in 2010. In detail, only 74 agreements have been signed for the construction of 37,682 housing units. Of these, 46 were granted to the private sector (23,511 housing units) and the rest to the public sector (14,171). Housing for the middle class, for its part, has totaled 31 agreements signed since 2013, until the end of 2019, i.e. 11,048 housing units.

Given this rather gloomy picture, the supervisory authorities and professionals are working to set up a new type of program for low-income households and the middle class.