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Source:
فبراير.كوم
Purchasing Power Decline Challenges Housing
The construction and real estate sector in Morocco is currently experiencing a slowdown due to the decline in citizens' purchasing power, making it difficult for them to buy homes because of rising property prices and living costs. This has led to delays or abandonment of housing purchase intentions, while real estate developers face increased construction costs and struggle to reduce prices, threatening market activity and resulting in job losses in the sector. Despite the decreased demand, the need for housing remains, especially in major cities, but the gap between prices and household incomes complicates access to housing. To revitalize the market, it is essential to provide suitable housing offers aligned with the actual financial capabilities of families and to improve financing conditions to support household purchasing power. The goal is to stimulate the market and revive the construction and real estate industry.
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