Is now a good time to make investments in the real estate sector in Casablanca? This is a question that can be asked, especially with the coronavirus crisis that is far from being under control.
The Moroccan real estate sector, which represents 14% of GDP and 1 million jobs, is in agony. Several players in the sector have proposed various measures to revive the real estate market.
Concerned about the revival of the real estate sector, industry professionals have just made their proposals. The violence and suddenness of the crisis has led to the halt of construction sites, the closure of showrooms, and the suspension of credit applications.
Should one buy or still wait in Marrakech? Here are the elements of answers given by the National Agency for Land Conservation, Cadastre and Cartography (ANCFCC), in collaboration with Bank Al Maghrib (BAM) , in its Real Estate Asset Price Index (IPAI).
The crisis of the covid-19 pandemic is not changing the decision for real estate investment. A survey conducted by the international real estate network Keller Williams reveals that many Moroccans are maintaining their real estate investment decision, despite the crisis.
In Morocco , the coronavirus has had a negative impact on the real estate sector. However, there is a positive note: the professional segment shows no concern in the medium or long term.
Sales in the real estate sector in Morocco fell by 31% in the first quarter of 2020, according to Bank Al Maghrib .
Real estate transactions are down 29.5% in Morocco. According to Bank Al-Magrhib and ANCFCC, the real estate asset price index (IPAI) fell year-on-year by 1.4% in the first quarter of 2020.
The American computer giant, Dell, renewed, in early May, its confidence in MedZ, a subsidiary of CDG Développement, for the renewal of the lease of its site at Casanearshore Park. This site is classified by Dell as a "Center of Excellence".
Severely impacted by the covid-19 crisis, the real estate sector in Morocco is experiencing its hours of uncertainty with the evolution of the pandemic. Faced with the concern related to the post-covid period, an expert in the field, William Simoncelli, director and founder of the real estate agency "Carré Immobilier", takes stock and shares his future vision of the sector.
Bank loans recorded a 5.3% increase at the end of March, compared to a 4.2% increase the previous month, for a total amount of 918.48 billion dirhams.
Severely affected by the Covid-19 crisis, the real estate sector, already in agony, requires a large-scale recovery plan. This is what the Alliance of Istiqlal Economists proposes.