Morocco’s Real Estate Market Offers Opportunities as Home Loan Rates Average 4.3%

Golden opportunities for home buyers. This is the result of the continued financing of real estate loans. The outstanding loans stood at 273 billion DH, compared to 265 billion DH a year earlier, an increase of 3%, and especially up 13.8% compared to 2015, reports La vie éco.

With a long-term interest rate averaging 4.3%, the financing conditions on the market are favorable for potential buyers. While loans for buyers are growing, the opposite is true for those allocated to developers. The latter have been stagnant for several years.

The former have seen an improvement of up to 4.5% over a rolling year, to stand at 211 billion DH, or even 20% compared to the first seven months of 2015, according to the same source. The latter recorded stagnation between 2018 and 2019, at 59 billion DH, but a decline of 4.2% over the last three years.

As a result, the construction of new housing is declining due to the difficulties weighing on the cash flow of developers.