According to the weekly La Vie Economique, the country's housing market saw significant decline in the past 6 months. The first signals were noticed in the in the luxury homes sector in Marrakech. Figures published by the association of banks in Morocco confirm this negative tendency and a slowdown in mortgages. Causes may include inadequacy of the offer compared to the demand, the running out of building zones in urban areas, the surge in raw materials prices and the workforce scarcity. The expectations of potential buyers to see house prices falling did the rest. Many decided to wait until the market starts going down before buying a house and, in fact, provoked the slowdown. Others, who had bought as an investment more than one house in order to sell it soon after, have had to opt for leasing due to the lack of acquisition offers. This is how lease offers in Casablanca exceeded by far the demand, provoking in the last 6 months a decline of rents amounting to between 20% and 30%.via ANSAmed
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