Morocco’s Real Estate Market Rebounds as Transactions Surge in 2023

"The market dynamics are good and I hope it will continue despite the reduction in tax incentives," said Kevin Gormand, co-founder of Mubawab. According to the HCP, after almost stagnation in the 1st quarter, the added value of construction activities rebounded by 9.6% in the 2nd quarter, in a context of improvement in real estate transactions, reports L’Économiste.

The recovery in real estate transactions is explained by several factors, as well as the possibility offered to buyers to optimize the overall cost of the operation on at least three fronts. Not to mention the collapse of the market and the weight of stocks. Some sellers have been forced to lower prices to generate cash to meet their bank maturities. "More than the adaptation of prices on the existing stock, the new products adapt to demand and sell faster," explains Kevin Gormand.