Cement sales, a key indicator of construction and real estate activity in Morocco, increased by 10.4% at the end of August 2025, compared to a 7.2% rise a year earlier, according to the Directorate of Financial Studies and Forecasts.
The directorate noted that the sales momentum continued following a strong performance in the second quarter of 2025, which saw a 15.4% growth.
This increase is attributed to a surge in ready-mixed concrete sales (up 25.9%), distribution (up 4.3%), precast concrete (up 16.8%), infrastructure (up 8.5%), and mortar (up 2.7%).
Regarding construction-related sales, they remained stable compared to the previous year.
In terms of financing real estate operations in Morocco, the total mortgage loans doubled between the end of July 2024 and the end of July 2025, exceeding 318.2 billion dirhams, with a growth rate of 3.4% compared to 1.7% a year earlier.
The current residential loans stood at 2.9%, up from 1.5% the prior year.
Additionally, mortgage loan growth in the first seven months of 2025 reached 7.7%, compared to 4.3% a year earlier.
The share of participatory financing for housing continued to rise, increasing by 17.8% to reach 10.8% by the end of July 2025, up from 6.2% at the end of July 2021.
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