[CLSTR]
< Back to situations

Monitor this situation.

[SITUATION] · [QUIET] · [BUSINESS]

2 clusters · 5 sources · 15 days · First seen · Last updated

Moroccan real estate market stagnation

Overview

The Moroccan real estate sector is facing a significant downturn, with the National Federation of Real Estate Developers warning of a potential halt in property transactions. While official data shows a decline of 30% to 40%, industry professionals suggest the actual market stagnation may be more severe.

Several factors are driving this slowdown, including decreased demand from Moroccans living abroad due to inflation, a critical shortage of buildable land in major cities and medium-sized towns, and rising construction costs linked to petroleum prices. Administrative delays for permits and cyberattacks on the notary platform, Tawtik, have further hindered activity.

Although a housing aid program provides up to 100,000 dirhams, interest remains limited. Developers are looking toward 2030 World Cup infrastructure projects for recovery, but note that housing production is currently lagging. Industry leaders are calling for government intervention to mobilize public land and simplify authorization procedures to protect employment and the broader economy.

Entities

Rabat · National Federation of Real Estate Developers · Fédération des loueurs d’automobiles sans chauffeur au Maroc · Tanger · Marrakech

Timeline

  1. [BUSINESS] 3 sources
    Moroccan real estate developers warn of halt in property transactions

    Moroccan real estate developers report a sharp decline in property transactions, citing land shortages, rising construction costs, administrative delays, and decreased demand from expatriates.

  2. [BUSINESS] 2 sources
    Morocco car rental market faces fragility despite 12,000 agencies

    Morocco's car rental market has reached approximately 12,000 agencies, but the sector faces growing fragility due to shrinking margins, high operational costs, and financial instability among new operators.

Sources

consonews.ma · flasheconomie.com · leseco.ma · lnt.ma · maroc-actu.com