Activity in the real estate sector has fallen, but stabilised, following an earlier boom between 2007 and 2008. The sector has been buoyed by a government-sponsored financial incentive package aimed at attracting real estate developers and builders to the mid-range market segment, where there is a housing deficit. The luxury segment has...
As in many emerging economies, public spending on infrastructure and social programmes has stimulated Morocco’s construction industry, despite the global economic downturn that has greatly affected the sector in both the US and Europe. Social housing programmes have been a driving force in the industry a trend that is set to continue for the...
Prior to the beginning of the global economic downturn in 2008, Morocco’s real estate market drew considerable investment from multinational firms for the development of high-end villas, hotels, resorts and leisure facilities, aimed at a primarily foreign audience. Foreign direct investment in the real estate sector peaked at Dh9.15bn (€813m) in...
Why have real estate developers shown only limited interest in investing in the mid-range segment?
Despite the difficult global economic context, Morocco’s real estate sector is performing well, having recovered from a drop five years ago. Activity is down from its peak levels – recorded in 2007-08 – but the sector continues to attract a number of international players. Social housing has proven to be the driving force behind the industry in...
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