Real estate in Morocco: the market paralyzed
Real estate in Morocco: the market paralyzed
In Morocco, the real estate sector is sinking into paralyzing immobility. And the challenges to be overcome are numerous.
Situation of poor sales, slowdown in construction starts, sharp drop in demand, inflation, surge in raw materials, scarcity of land, lack of coordination between public and private actors, mismatch between supply and demand… The construction sector real estate is going through a deep crisis. According to operators, “the market must start from the analysis of demand from potential buyers and households”, reports The Economistnoting that it is no longer a question of producing housing in large volumes and trying to sell them for whatever it takes. This option results in significant stocks of poor sales. There is therefore reason to change the paradigm.