Housing: outstanding loans show growth of 2.28% at the end of July 2022

By Faisal Ismaili on 09/20/2022 at 7:41 p.m.

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Kiosk360. Launched on September 17, the national dialogue on town planning and housing continues. While waiting for the launch of a new public policy in the field, this is an opportunity to scrutinize the state of the sector. This article is a press review taken from the daily newspaperAujourd’hui le Maroc.

After being launched on September 17, the national dialogue on town planning and housing will be rolled out at the regional level on September 21. An initiative that will make it possible to build and instill a new public policy in the field, in order to meet the expectations of investors and citizens, reports Morocco today in its September 21 edition.

But what state is the sector in? The answer in a few figures. According to statistics from the Department of Housing and Urban Policy, 268,189 households have benefited from the Damane Assakane fund since its creation and 201,530 from the Fogarim guarantee since 2004, the year of its launch, until the end of July 2022. , the loans granted reached 31.89 billion dirhams, the newspaper said. Outstanding loans grew by 2.28%, from 289.77 billion dirhams at the end of July 2021 to 296.37 billion dirhams at the end of July 2022, thus offering a contribution rate to the economy of 24 .3%.

For its part, the borrowing rate applied by banks is 4.65% in the second quarter of 2022 against 4.52% during the same half of last year (+2.88%). As for foreign direct investments in real estate, they increased by 14.45%, amounting to 6.60 billion dirhams in 2021 against 5.77 billion dirhams in 2020.

Another indication: the evolution of the social housing program at 250,000 dirhams. It is stagnating. Nearly 2.11 million homes in this category have been completed (1,507 agreements between 2010 and July 2022), the newspaper tells us.

On the construction side, the sector generated 72.03 billion dirhams in 2021 against 64.23 billion dirhams in 2020, an improvement of 12.2%. And the newspaper underlines that its contribution in the added value is 6.3% and that in the gross fixed capital formation of 54.8% in 2021 (189.93 billion dirhams against 162.34 billion dirhams in 2020 ).

By Faisal Ismaili

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