Residential actual property and land plot costs in Morocco are anticipated to succeed in a brand new excessive.

Residential actual property and land plot costs in Morocco are anticipated to succeed in a brand new excessive.

Agadir 24 | Agadir24

Residential actual property and land plot costs in Morocco reached a brand new excessive.

On this context, the Financial institution of Morocco introduced that actual property costs within the nation elevated by 0.8 % through the first quarter of this yr, in comparison with the identical interval final yr.

The financial institution and the Nationwide Actual Property Conservation Company mentioned, in a joint assertion, that “the actual property asset worth index recorded a rise of 0.8 % within the first quarter of 2024 on an annual foundation.”

The assertion defined that “the expansion consists of will increase in residential actual property costs by 0.7 %, floor plot costs by 1.2 %, and stagnant costs of actual property meant for skilled use in comparison with the primary quarter of 2023.”

With regard to gross sales in the actual property sector, the assertion indicated a decline of three.1 % through the first quarter of 2024, in comparison with the identical interval final yr.

The assertion attributed the explanation for the decline to “a lower in residential actual property gross sales by 3.1 %, and by 14.8 % for actual property meant for skilled use, whereas gross sales of floor tons elevated by 3.6 %.”

Final Could, authorities spokesman Mustafa Paytas mentioned that the variety of beneficiaries of direct housing assist, from January to Could 23, reached 11,749 beneficiaries, whereas the variety of requests associated to this assist reached 73,711.

In October 2023, the federal government introduced a program to assist households to personal housing, and it was launched final January.

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2024-06-10 00:19:50

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