Morocco’s Real Estate Market Shows Promise as Inflation Eases and Mortgage Rates Stabilize

In July, interest rates for loans under 250,000 dirhams were 4.20% over 7 years, 4.50% over 15 years and 4.75% over 25 years and more, according to the latest statistics from Afdal. The specialized portal explains: "For loans between 500,000 and 800,000 dirhams, the rates were 4.50% over 15 years and 4.75% for longer durations. Although the rates for higher amounts have remained stable since June, these figures could change depending on market conditions."

Similarly, Bank Al-Maghrib (BAM)’s good control of inflation could raise new hope for the real estate market. To support its argument, the specialist indicates: "the rise in consumer prices, which was 10.1% in February, fell to 5.5% in June year-on-year. This decline could encourage the central bank to maintain its pause in monetary tightening, after having raised the key rate by 150 basis points last year".