This is the wish expressed by Ismaïl El Filali, Chairman of the Board of Directors of Wafa Real Estateand its collaborators. But not only that, since it will also be a question of sharing the expertise of this real estate financing specialist and its support offer, in particular for small and medium developers. Credit to the real estate developmentits characteristics, the specific cases that may arise and the solutions that the market can provide are not necessarily mastered by all operators.
In total, eight regional meetings are planned from this September:
• Rabat-Salé-Kénitra region: September 24 in Kénitra and September 26 in Rabat.
• Oriental Region: October 9 in Oujda.
• Tangier-Teoutan-Al Hoceima region: October 17 in Tangier.
• Souss-Massa-Sahara region: November 14 in Agadir.
• Marrakech-Béni Mellal-Tafilalet region: November 21 in Marrakech.
• Fez-Meknes-Taza region: December 4 in Fez.
• Casablanca-Settat region: December 12 in Casablanca.
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The Casablanca stage will be special with an event that will bring together the most important real estate developers on the market.
These meetings will be interactive where operators will be able to discuss with experts the trends in the housing market, the constraints they encounter, their needs, etc. Wafa Real Estatewhile consolidating its status as a leader and key player in real estate financing in Morocco, is indeed seeking to get closer to developers at the territorial level to support them in carrying out their projects throughout Morocco, by capitalizing on synergies with its parent company, the Attijariwafa bank group. Both developers and financing organizations confirm that the housing market is showing signs of recovery after the Covid-19 episode.
According to the Real Estate Asset Price Index for the second quarter of 2024, compiled by Bank Al-Maghrib and theNational Land Conservation Agencythe number of real estate transactions is up 12.1% over a sliding year, driven mainly by the residential segment (apartments, houses, etc.) and the land segment. And the forecasts are more optimistic for the coming months, given the easing of housing prices and bank interest rates, the observed slowdown in inflation and its impact on household purchasing power, but above all the need for housing at the national level, estimated at nearly 3 million units by 2030. A well-studied real estate project in terms of location, standing and price, carried out with the support of the banking sector, can only be successfully completed.
It should be noted that Wafa Immobilier and its parent company, Attijariwafa bank, are the leaders in real estate financing in Morocco with a market share of 24.8% on buyer credit and 27.7% on developer credit at the end of July 2024, and outstanding financing in continuous progression reaching more than 70 billion DH.
