an outstanding amount of more than 297 billion dirhams at the end of September

Outstanding real estate loans increased to 297.3 billion dirhams (MMDH) during the first nine months of this year, according to the Department of Studies and Financial Forecasts (DEPF) under the Ministry of Economy and finances.

This increase follows the 2.8% increase in housing loans (after +2.5% at the end of June 2022), moderated, however, by the 1.8% decline in loans to property developers ( after +0.3% at the end of June 2022), explains the DEPF in its recent economic report.

This note also reports a decline in cement sales, year-on-year, of 9.2% at the end of October 2022, after a decline of 8.3% a month earlier and 4.5% at the end of June 2022. .

This decline in cement sales was mitigated, in particular, by a positive performance in the infrastructure (+6.5%) and ready-mixed concrete (+3.3%) segments, notes the DEPF.

These sales had recorded an increase of 16.1% in 2021, after a decline of 13.2% at the end of October 2020, said the same source.

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