Morocco’s Real Estate Slump Deepens as Buyers Await Government Housing Program

According to an industry player quoted by Les Inspirations Eco, the loans granted in 2022 exceeded those of the previous year in terms of volume. It seems therefore that not all banks agree on current trends. Buyers, for their part, have become more cautious and are waiting for the new government housing assistance program to make decisions.

Last week, a meeting was held between Fatima Zahra Mansouri, Minister of Housing, and members of the National Federation of Real Estate Developers to discuss the revival of social housing and the development of housing for the middle class. According to a member of the FNPI quoted by the newspaper, this program could give new impetus to the activity, especially since the financing aspect is included in the program.

The real estate players are waiting to see what this new program has in store. It is rumored that developers who invest in these segments will benefit from a preferential rate. All hopes are therefore placed in this new government housing assistance program to revitalize the real estate market in Morocco. Buyers, for their part, are thinking twice before taking out a more expensive loan, given the persistent inflation and the increase in the key rate.