Key regions: Germany, Europe, Asia, United States, United Kingdom
The Residential Real Estate Transactions market in Morocco has been experiencing significant growth in recent years. Customer preferences in the market have shifted towards urban areas, with more and more people looking to live in cities for better job opportunities and access to amenities. This has led to an increase in demand for residential properties in urban areas, driving up prices and transaction volumes. Additionally, there has been a growing preference for modern and well-designed properties, with buyers looking for features such as open floor plans, smart home technology, and energy-efficient systems. Trends in the market indicate a strong demand for affordable housing options. The government has implemented various initiatives to promote affordable housing, including subsidies for low-income families and incentives for developers to build affordable housing units. This has led to an increase in the supply of affordable housing projects, attracting buyers who are looking for more affordable options. Another trend in the market is the rise of the rental market. With the increasing cost of homeownership and the flexibility that renting offers, more people are choosing to rent rather than buy. This has led to a growth in the rental market, with investors capitalizing on the demand by purchasing properties for rental purposes. Local special circumstances in Morocco have also contributed to the development of the Residential Real Estate Transactions market. The country has experienced political stability and economic growth in recent years, attracting foreign investors and expatriates looking to invest in the real estate market. Additionally, Morocco has a large young population, which is driving demand for housing as young people enter the workforce and start families. Underlying macroeconomic factors have also played a role in the development of the market. Low interest rates have made mortgages more affordable, encouraging more people to enter the property market. The government has also implemented policies to attract foreign investment, such as tax incentives and streamlined processes for property purchases. These factors have contributed to the growth of the Residential Real Estate Transactions market in Morocco. Overall, the Residential Real Estate Transactions market in Morocco is experiencing growth due to customer preferences for urban living, the demand for affordable housing options, and the rise of the rental market. Local special circumstances, such as political stability and economic growth, as well as underlying macroeconomic factors, including low interest rates and government policies, have also contributed to the development of the market.
Data coverage:
Figures are based on total and average revenue of residential real estate transactions (sales).Modeling approach:
Market size is determined by a bottom-up approach. We use national statistics, international organizations, and industry associations to analyze the markets. To estimate the market size for each country individually, we use relevant key market indicators and data from country specific industry associations such as GDP, price level index, household wealth, household size, number of renter and owner households, housing consumer spending per capita.Forecasts:
We use a variety of forecasting techniques, depending on the behavior of the market, for instance, exponential trend smoothing. The main drivers are GDP per capita, population, number of renter and owner households, price level index, housing consumer spending per capita.Additional Notes:
Data is modeled using current exchange rates. The market is updated twice per year in case market dynamics change. The impacts of the Russia-Ukraine war considered at a country-specific level.
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