Morocco’s Real Estate Sector Shows Resilience Amid Global Economic Challenges

"The Moroccan real estate market has several peculiarities, especially its resilience to endogenous shocks and the international situation," said Mehdi Chbihi, real estate director of the Avito group. According to him, the international crises of recent years, in particular the Covid-19 health crisis, the Russian-Ukrainian conflict, inflation, the global economic recession, the energy crisis and the increase in maritime freight costs have had devastating effects on several economic sectors, including real estate, reports La MAP.

What about the stagnation of the sector in 2023? It emerges from the explanations of the manager that this stagnation is mainly justified by "the increase in the cost of bank credit due to the increases in the key rate of Bank Al-Maghrib." After proving resilient, the real estate sector in Morocco has a bright future ahead of it. "... the prospects for next year look better, mainly thanks to the direct aid program recently launched by" King Mohammed VI, "which will contribute to a real relaunch of the sector," said Mehdi Chbihi.