Outstanding housing loans reached 243.8 billion dirhams (billion dirhams) at the end of February 2024, up 1.6% year-on-year, according to the Department of Financial Studies and Forecasts (DEPF).
Despite the decline in outstanding real estate development loans of 1.1%, outstanding real estate loans reached MAD 302.1 billion at the end of February 2024, up 0.6%, indicates the DEPF, under the Ministry of Economy and Finance.
Furthermore, cement sales, the main barometer of activity in the construction sector, fell slightly (-0.4%) at the end of the first quarter of 2024.
This development is explained on the one hand by the increase of 7.5% recorded during the first two months of this quarter and, on the other hand, by the decrease of 14% during the month of March 2024 during of which construction sites were stopped due, in particular, to the heavy rainfall recorded during this month, reports the DEPF.
Despite this poor performance in March, the infrastructure, ready-mixed concrete and prefabricated segments closed the first quarter of 2024 with performances of +41%, +10.3% and +1.1% respectively. , the note notes.
The added value of the construction sector returned to growth for the second consecutive quarter after successive declines in its added value, recorded since the first quarter of 2022.
It actually increased by 0.5% in Q3-2023, then by 2.4% in Q4-2023. These positive developments made it possible to attenuate the decline on average in the added value of this sector at the end of 2023 (-0.8% after a decline of 3.5% a year earlier).
LNT with MAP
#Housing #loans #Shy #progress #February
– 2024-04-27 21:50:03
