Remarkable dynamism among women since the start of the year

Remarkable dynamism among women since the start of the year

The real estate market is facing an unexpected situation, as the dreaded surge in real estate rates following the deterioration of monetary conditions has not yet materialized. According to the barometer, rates averaged 4.55% in May, which represents a slight drop compared to the previous month (4.57%). This relative stability on the market shows that the rates have not experienced significant fluctuations since the readjustment carried out in February, underlines Bachir Benslimane Bellemlih, CEO of Afdal, who carried out an analysis on the subject.

Thus, and over a period of 15 years, the average rate for home loans is 4.50%, which is an advantageous option for borrowers wishing to repay their loan more quickly, explains the expert. On the other hand, he points out that the rates over a period of 25 years or more remain slightly higher, reaching 4.75%. Despite this, these rates remain attractive in a context where experts were predicting an increase towards the 5% mark, he specifies.

It is therefore encouraging to note that the fear of a spike in rates due to the tightening of monetary policy and the increase in bond rates has not materialized for the moment. This situation testifies to the continued support of banks towards the demand for real estate loans from individuals, by offering attractive conditions.“, notes this expert in real estate finance.

Overall, the stability of real estate rates offers borrowers interesting opportunities to realize their real estate projects. However, it is important to remain vigilant and monitor market developments, as rates may fluctuate in the future depending on various economic factors alerts the expert.

In order to maximize their chances of obtaining an advantageous loan, Bellemlih recommends that borrowers put banks in competition with each other or call on a specialist.

Despite the persistent challenges of the real estate market, the average amount borrowed for the acquisition of a property has risen to 754,057 DH since the beginning of the year, including 728,454 DH for employees, who constitute the most important customers of banks, according to the broker

In addition, the average contribution has increased and stands at 313,758 DH in the second quarter, underlines the same source. Another point raised by the barometer for the month of May 2023 is that the activity on the broker’s platform is marked by a dynamism of women, who have carried out more than half of the simulations since the beginning of the year. In addition, Moroccans residing abroad (MRE) represent 14% of buyers since the beginning of the year.


Please enter your comment!
Please enter your name here