The total outstanding real estate loans exceeded 304.4 billion dirhams (MMDH) during the first four months of 2024, marking a 1.1% increase compared to the same period last year, according to the Directorate of Financial Studies and Forecasts (DEPF).
This growth encompasses a 1.4% rise in housing loans and a notable 4% increase in loans for real estate development, as outlined in DEPF’s recent economic report.
The report also highlights a significant boost in cement sales, which surged by 20.4% during the first two months of Q2 2024. This uptick is attributed to robust activity across all delivery segments, including distribution (+13.4%), ready-mix concrete (+35.6%), infrastructure (+46.8%), prefabrication (+15.7%), and building construction (+7.7%).
By the end of May 2024, cement sales had risen by 7.3%, recovering from a 2.3% decline the previous year. This increase is driven by higher deliveries in segments such as ready-mix concrete (+19.5%), infrastructure (+43.2%), prefabrication (+6.5%), and distribution (+0.9%).
