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Morocco - Market Shaping Indicators

Country Overview

With a population of 36 million, the Kingdom of Morocco confronts a poverty rate of 15.5 percent and an estimated housing deficit of 400 000. The lack of access to affordable housing is caused by a shortage in the supply of social housing by government and the exorbitant cost of housing produced by property developers, resulting in a housing gap between what is being provided and what households can afford.

Compared to many countries on the continent, the Moroccan housing finance market is advanced and includes several sources of loans such as private or public commercial banks, microfinance institutions and credit companies. All of the banks offer credit facilities to households wishing to obtain a home, with an average interest rate for housing loans of 4.45 percent. Despite such an active housing finance market, affordability is the most crucial factor in obtaining housing in Morocco in view of the tremendous inequality that exists in the country.

More than 50 percent of households in urban areas and almost 85 percent of households in rural areas own their home, while less than six percent in rural areas and 30 percent in urban areas are tenants.  To promote access to the maximum number of households, the government has initiated several social and middle class housing programmes and launched other major projects, such as an Eco-city in Casablanca.

The Moroccan real estate sector is full of opportunities. The population is young, with 47 percent of the population between 15 and 44 years of age. The state must continue its efforts to develop an enabling environment for low-cost housing. This can be achieved, for example, through land reform and reducing the tax burden. Government has begun to respond to certain demands through the Directorate General of Taxes, which has suspended the reference framework for property prices throughout the country. This has been requested for many years by stakeholders and will enable the market to set prices solely on the basis of supply and demand.

The government launched a study in October 2019 to produce a joint proposal for a new housing programme adapted to the Moroccan context. This programme also aims to define new types of support to enable the continuation of housing programmes agreed with the state after their expiry in 2020. The purpose of this study is to draw up an inventory of public aid, assess its scope, propose measures to improve its effectiveness, particularly with the end of the tax incentive scheme by 2020, and finally to enable the implementation of the new measures to be proposed for 2021.

State of Housing Data

Obtaining data on housing finance in Morocco is relatively easy, and most of the available data is up-to-date. The central bank (Al-Maghrib) collects data on both the banking sector and the economy in general. The bank’s data is annual, available online and publicly available (www.bkam.ma).

The Office of the High Commissioner for Planning is the body responsible for the production, analysis and publication of official statistics in Morocco. It collects data at regular intervals and this varies according to the type of data. These are publicly available on its website.

The Ministry of National Land Use Planning, Urban Planning, Housing and Urban Policy is responsible for implementing policy defined by the government for housing and the city. Data collection is not as frequent as that of the central bank, but it is accessible free of charge (www.mhpv.gov.ma).

Text on this page is based on the Morocco Country Profile, drawn from Centre for Affordable Housing Finance (2020). Housing Finance in Africa Yearbook: 11th Edition 2020, with additional content from CAHF and Reall.

Key Indicators

Displayed In

1. Land & Infrastructure

% of urban bottom 40 households without access to basic sanitation services

52.05

Bottom 40 See all MSI countries
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Country Year Data Source Value
Cote d'Ivoire 2012 DHS 96.5%
Ghana 2014 DHS 93.15%
Kenya 2014 DHS 88.25%
Morocco 2004 DHS 52.05%
Mozambique 2011 DHS 95.6%
Nigeria 2018 DHS 83.1%
Tanzania 2017 DHS 37%
Uganda 2016 DHS 94.5%
Rwanda 2016 National Institute of Statistics Rwanda (NISR) 13.13%
Pakistan 2018 The DHS Program 2.75%
India 2018 NSSO 76th Round 0.2%

2. Construction & Investment

% of urban population living in slums, informal settlements, or inadequate dwellings

9.2

Urban See all MSI countries
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Country Year Data Source Value
Cote d'Ivoire N/A
Ghana N/A
Kenya N/A
Morocco N/A
Mozambique N/A
Nigeria N/A
Tanzania N/A
Uganda N/A
Rwanda 2018 World Bank 42.1%
Pakistan N/A
India 2018 NSSO 76th Round 35%

3. Sales & Rental

Price of the cheapest, newly built dwelling by a formal developer or contractor

250,000 DH$27,027.03

Urban See all MSI countries
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Country Year Data Source Value
Cote d'Ivoire 2018 Site d'annonce et promotion dans l'immobilier en Côte d'Ivoire 15,500,000 CFA$27,087.48
Ghana 2019 Damax Construction Co. Ltd 108,704 GH₵$19,621.66
Kenya 2019 Tsavo Real Estate 4,000,000 Ksh$37,037.04
Morocco 2019 Various real estate websites 250,000 DH$27,027.03
Mozambique 2016 Casa Minha 3,418,491 MZ$48,147.76
Nigeria 2019 Millard Fuller Foundation; Shelter Origins 2,900,000 NGN$7,651.72
Tanzania 2018 CAHF 37,966,107 TZS$16,508.58
Uganda 2019 Various property developers 125,000,000 UGX$34,097.11
Rwanda 2020 Marchal Real Estate Developers 10,000,000 R₣$11,119.14
Pakistan 2021 Partners 2,500,000 PKR$14,305.33
India 2022 Real estate websites and industry experts 160,000 IN₹$2,176.87

3. Sales & Rental

% of national households that rent their dwelling

18.5

National See all MSI countries
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Country Year Data Source Value
Ghana 2017 Ghana Statistical Service 28%
Kenya 2019 Central Bank of Kenya, Kenya National Bureau of Statistics, FSD Kenya 35.01%
Morocco 2014 High Commission for Planning; World Bank 18.5%
Nigeria 2018 World Bank; Nigeria National Bureau of Statistics 21.8%
Tanzania 2017 National Bureau of Statistics 80.56%
Uganda 2016 DHS 53.45%
Rwanda 2020 Access to Finance Rwanda (AFR) and National Institute of Statistics Rwanda (NISR) 8.94%
Pakistan 2017 Population and Housing Census 11.53%
India 2018 NSSO 76th Round 13%

5. Enabling Environment

Ease of Doing Business Index Rank: Global

53

National See all MSI countries
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Country Year Data Source Value
Cote d'Ivoire 2020 World Bank 110
Ghana 2020 World Bank 118
Kenya 2019 World Bank Ease of Doing Business 61
Morocco 2020 World Bank 53
Mozambique 2019 World Bank 74
Nigeria 2020 World Bank 131
Tanzania 2020 World Bank 141
Uganda 2020 World Bank 116
Rwanda 2020 World Bank Ease of Doing Business Indicators 38 out of 190
Pakistan 2020 World Bank Doing Business Indicator 108 out of 190
India 2020 World Bank 63 out of 190

6. Economic Environment

GDP Per Capita

30,725 DH$3,321.62

National See all MSI countries
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Country Year Data Source Value
Cote d'Ivoire 2018 World Bank 1,024,171 CFA$1,789.82
Ghana 2019 World Bank 11,489 GH₵$2,073.83
Kenya 2018 World Bank 173,272 Ksh$1,604.37
Morocco 2018 World Bank 30,725 DH$3,321.62
Mozambique 2018 World Bank 30,772 MZ$433.41
Nigeria 2018 World Bank 659,159 NGN$1,739.21
Tanzania 2018 National Bureau of Statistics; World Bank 2,297,020 TZS$998.80
Uganda 2018 World Bank 2,357,327 UGX$643.02
Rwanda 2019 World Bank 737,578.59 R₣$820.12
Pakistan 2020 World Bank National Accounts Data 188,900 PKR$1,080.91
India 2020 Ministry of Statistics and Program Implementation 151,760 IN₹$2,064.76

7. Demand

Population Size

36,471,769

National See all MSI countries
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Country Year Data Source Value
Cote d'Ivoire 2017 World Bank 24,437,469
Ghana 2019 World Bank 30,417,856
Kenya 2017 World Bank 50,221,473
Morocco 2017 World Bank 36,471,769
Mozambique 2018 World Bank 29,495,962
Nigeria 2017 World Bank 190,873,311
Tanzania 2019 World Bank 58,005,463
Uganda 2017 World Bank 41,487,000
Rwanda 2019 World Bank 12,626,950
Pakistan 2020 World Bank National Accounts Data 220,892,331
India 2021 Minsitry of Health and Family Welfare 1,361,343,000
Displayed In

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    Guide 1. Land & Infrastructure 2. Construction & Investment 3. Sales & Rental 4. Maintenance & Management 5. Enabling Environment 6. Economic Environment 7. Demand

    The Market Shaping Indicators project is a work in progress. Significant gaps exist in data, which will be filled in future revisions. We would recommend checking back regularly for updates. We are keen to receive any feedback that you have on this Dashboard, which can be sent to [email protected].

    Using the Dashboard

    The indicators are split into 6 key areas, split into the Housing Value Chain: Land & Infrastructure, Construction & Investment, Sales & Rental, Maintenance & Management, Enabling Environment, Economic Environment and Demand, shown in the following tabs. Navigation can either be undertaken by using the tabs, or through the Search box immediately above. Above this, currency indicators can be toggled between USD and local currency.

    Users are able to further interrogate each indicator each indicator through clicking on the arrows to the left of each indicator. This expanded section shows the data elements that are used to produce the overall indicator value, dates of data collection, source details, hyperlinks to the original data where possible, and a breakdown of data quality. The majority of indicators are quality assessed, based on the whether they are: Interpretable; Relevant; Sufficiently Accurate; Representative; Timely; and Accessible. Indicators are scored on each of these criteria using a 1-4 star system, detailed below:

    ☆ – poor

    ☆☆ – moderate

    ☆☆☆ – good

    ☆☆☆☆ – excellent

    Finally, all data can be downloaded for further interrogation. By clicking on Switch to Data View at the top of the screen, users can filter data based on countries and columns, and download in a .csv or .xls file.

    Bottom 40

    Reall targets the Bottom 40% of the urban income pyramid, referred to as the ‘Bottom 40’ or ‘B40’. An objective of the MSI work was to better understand and demonstrate the market from the perspective of households in the Bottom 40, and as such data is aggregated for this group where possible. Data for this group can be particularly challenging to come across. In part, this is due to the difficulties in accurately defining this group using existing data sets. Additionally though, the informality of much of life for lower income groups severely limits data availability, particularly in terms of key data on jobs, housing and relationships with local government. This lack of data is a key blockage for further engagement at the lower end of the housing market, and resolving this is an objective of Reall’s and of the MSI work.

    Aggregations

    Data is shown at various different “aggregations”, which demonstrate the size and location of the population for which the data represents. This varies from national to city level in terms of population groupings. Additional aggregations exist for the Bottom 40, as detailed above, enabling a focused view on the lower end of the market.

    For relevant data, Reall’s partners are also included as an aggregation. This is not meant to be representative of the entire market, but recognises that as practitioners and experts within the lower end of the housing market of each country, their experiences are a useful check on other data sets, and an indication of the value when other data is not available.

    Terms of Use

    Reall Ltd (“Reall”) endeavours to make its data as freely available as possible in order to demonstrate the successes of its model and encourage other actors into the affordable homes movement. Reall provides the user with access to these data free of charge subject to the terms of this agreement.

    Users are encouraged to use the data to benefit themselves and others in creative ways.

    Unless specifically labelled otherwise, you are free to copy, distribute, adapt, display or include the data in other products for commercial or non-commercial purposes for no cost under a Creative Commons Attribution 4.0 International License, with the additional terms below.  The basic terms may be accessed here. By using or downloading the data, users are agreeing to comply with the terms of a CC BY 4.0 licence, and also agreeing to the following mandatory and binding additions:

    – You agree to provide attribution to Reall in any published use of the data, including but not limited to articles, papers, blogs, books. Usage includes both direct publication of the existing data, along with any analysis undertaken by the user. This attribution should include Reall’s name and the following link – reall.net/dashboard. An electronic copy of all reports and publications based on the data should be shared with Reall ([email protected]).

    – When sharing or facilitating access to the data, you agree to include the same acknowledgement requirement in any sub-licences of the data that you grant, and a requirement that any sub-licences do the same. You may meet this requirement by providing the uniform resource locator (URL) to these terms of use.

    – Some datasets and indicators may be provided by third parties, and may not be redistributed or reused without the consent of the original data provider, or may be subject to additional terms and conditions. Where applicable, third party data is labelled as such, and usage conditions can be found on their respective websites.

    Morocco has set up the National Agency for Land Conservation, Land Registration and Cartography. Its role is, among other things, to register land ownership and draw up cadastral maps within the framework of registration. Requesting a certificate of ownership or ensuring the authenticity of the documents delivered are some of the services provided by this online agency. Several forms, such as the request for a duplicate land title, can also be done online.

    According to the Doing Business 2020 report, managing a building permit in Morocco takes about 58 days, and costs 3.3 percent of the value of the property to be built after completing a total of 12 procedures ¹.

    In 2018, the agency carried out 847 500 registrations, including 361 400 real estate transactions, 167 500 mortgages and 318 600 other registrations. On average, it issues 350 000 land titles, 1 480 000 certificates and takes on three million clients annually. In 2019, it processed 1 690 039 real estate transactions ².

    Of the 23 indicators in this group, 6 are currently populated.

    Indicator Data Source Aggregation Year Data Quality Data Accessibility Value
    Regulated minimum size of a residential plot in urban areas in square meters
    i
    The minimum size of a residential plot in urban areas in square meters as per legislation/regulation.
    		 Ministry of National Land Use Planning, Housing and City Policy Urban 2014
    		50
    Total number of residential properties with a title deed
    i
    The total number of residential properties that have a title deed as per the deeds registry.
    		 High Commissariat of Planning (HCP) National 2018
    		130,035
    % of households without access to improved drinking water services
    i
    The share of households without access to improved drinking water services. According to DHS 7, these include: piped into dwelling piped to yard/plot; public tap/standpipe; piped to neighbour; tube well or borehole; protected well; protected spring; rainwater; tanker truck, cart with small tank; bottled water
    		 World Bank National 2017
    		13.22%
    % of households without access to improved sanitation services
    i
    The share of households without access to an improved sanitation facility. According to DHS 7, these include: flush - to piped sewer system; flush - to septic tank; flush - to pit latrine; flush - don't know where; pit latrine - ventilated improved pit (VIP); pit latrine - with slab; composting toilet
    		 World Bank National 2017
    		11.50%
    DHS Bottom 40 2004
    		52.05%
    % of households without access to electricity
    i
    The share of households without access to electricity in their dwelling.
    		 World Bank National 2017
    		0.00%
    DHS Bottom 40 2004
    		57.65%
    Transport as a % of household expenditure
    i
    Expenditure on transport as a share of total household expenditure.
    		 CEIC National 2018
    		14.89%
    Smallest residential plot size
    i
    The smallest plot size (in square meters) available in a residential development by a developer / contractor.
    		 - - -
    Average land costs per m2
    i
    The average cost per square meter of unserviced land that is zoned for residential development in urban areas.
    		 - - -
    % of land for residential development acquired from the private sector
    i
    Percentage of land acquired from the private sector by formal developers / contractors for residential developments in urban areas out of all the land that they acquired for residential developments in urban areas.
    		 - - -
    World Bank DBI geographic coverage index score ranking: Africa
    i
    The rank of the country's score on the World Bank's geographic coverage index within Africa. The geographic coverage index has four components: (1) How complete the coverage of the land registry is at the level of the largest business city. A score of 2 is assigned if all privately held land plots in the city are formally registered at the land registry; 0 if not. (2) How complete the coverage of the land registry is at the level of the economy. A score of 2 is assigned if all privately held land plots in the economy are formally registered at the land registry; 0 if not. (3) How complete the coverage of the mapping agency is at the level of the largest business city. A score of 2 is assigned if all privately held land plots in the city are mapped; 0 if not. (4) How complete the coverage of the mapping agency is at the level of the economy. A score of 2 is assigned if all privately held land plots in the economy are mapped; 0 if not. (5) The index ranges from 0 to 8, with higher values indicating greater geographic coverage in land ownership registration and cadastral mapping.
    		 - - -
    World Bank DBI geographic coverage index score ranking: Global
    i
    The global rank of the country's score on the World Bank's geographic coverage index. The geographic coverage index has four components: (1) How complete the coverage of the land registry is at the level of the largest business city. A score of 2 is assigned if all privately held land plots in the city are formally registered at the land registry; 0 if not. (2) How complete the coverage of the land registry is at the level of the economy. A score of 2 is assigned if all privately held land plots in the economy are formally registered at the land registry; 0 if not. (3) How complete the coverage of the mapping agency is at the level of the largest business city. A score of 2 is assigned if all privately held land plots in the city are mapped; 0 if not. (4) How complete the coverage of the mapping agency is at the level of the economy. A score of 2 is assigned if all privately held land plots in the economy are mapped; 0 if not. The index ranges from 0 to 8, with higher values indicating greater geographic coverage in land ownership registration and cadastral mapping.
    		 - - -
    World Bank DBI quality of land administration index ranking: Africa
    i
    The rank of the country's score on the World Bank's quality of land administration index within Africa. The quality of land administration index is composed of five other indices: the reliability of infrastructure, transparency of information, geographic coverage, land dispute resolution and equal access to property rights. Data are collected for each economys largest business city.
    		 - - -
    World Bank DBI quality of land administration index ranking: Global
    i
    The global rank of the country's score on the World Bank's quality of land administration index. The quality of land administration index is composed of five other indices: the reliability of infrastructure, transparency of information, geographic coverage, land dispute resolution and equal access to property rights. Data are collected for each economys largest business city.
    		 - - -
    Number of procedures to register residential property - - -
    Name of residential property registration procedure that takes the longest to complete
    i
    The name of the procedure that takes the longest to complete out of all procedures required to register residential property. Assumptions about the sellers property: Is fully owned by the seller. Has no mortgages attached and has been under the same ownership for the past 10 years. Is registered in the land registry or cadastre, or both, and is free of title disputes. Is located in an urban residential zone and no rezoning is required. The property, consisting of land and a dwelling, will be transferred in its entirety. The dwelling is in good condition, complies with all safety standards, building codes and other legal requirements. The property will not be subject to renovations or additional construction following the purchase. Has no trees, natural water sources, natural reserves or historical monuments of any kind. Will not be used for special purposes, and no special permits are required. Has no occupants, and no other party holds a legal interest in it. Assumptions about procedures: A procedure is defined as any interaction of the buyer, the seller or their agents (if an agent is legally or in practice required) with external parties, including government agencies, inspectors, public notaries, architects, surveyors, among others. Interactions between company officers and employees are not considered. All procedures that are legally or in practice required for registering property are recorded, even if they may be avoided in exceptional cases. Each electronic procedure is counted as a separate procedure. Payment of capital gains tax can be counted as a separate procedure. If a procedure can be accelerated legally for an additional cost, the fastest procedure is chosen if that option is used by the majority of property owners. Although the buyer may use lawyers or other professionals where necessary in the registration process, it is assumed that the buyer does not employ an outside facilitator in the registration process unless legally or in practice required to do so. Assumptions about time: Time is recorded in calendar days. The measure captures the median duration that property lawyers, notaries or registry officials indicate is necessary to complete a procedure. It is assumed that the minimum time required for each procedure is one day, except for procedures that can be fully completed online, for which the time required is recorded as half a day. Although procedures may take place simultaneously, they cannot start on the same day (again except for procedures that can be fully completed online). It is assumed that the buyer does not waste time and commits to completing each remaining procedure without delay. If a procedure can be accelerated for an additional cost, the fastest legal procedure available and used by the majority of property owners is chosen. It is assumed that the parties involved are aware of all requirements and their sequence from the beginning. Time spent on gathering information is not considered. If time estimates differ among sources, the median reported value is used.
    		 - - -
    Time to register residential property (days)
    i
    The total time taken in days to complete all of the procedures required to register residential property. Assumptions about the sellers property: Is fully owned by the seller. Has no mortgages attached and has been under the same ownership for the past 10 years. Is registered in the land registry or cadastre, or both, and is free of title disputes. Is located in an urban residential zone and no rezoning is required. The property, consisting of land and a dwelling, will be transferred in its entirety. The dwelling is in good condition, complies with all safety standards, building codes and other legal requirements. The property will not be subject to renovations or additional construction following the purchase. Has no trees, natural water sources, natural reserves or historical monuments of any kind. Will not be used for special purposes, and no special permits are required. Has no occupants, and no other party holds a legal interest in it. Assumptions about procedures: A procedure is defined as any interaction of the buyer, the seller or their agents (if an agent is legally or in practice required) with external parties, including government agencies, inspectors, public notaries, architects, surveyors, among others. Interactions between company officers and employees are not considered. All procedures that are legally or in practice required for registering property are recorded, even if they may be avoided in exceptional cases. Each electronic procedure is counted as a separate procedure. Payment of capital gains tax can be counted as a separate procedure. If a procedure can be accelerated legally for an additional cost, the fastest procedure is chosen if that option is used by the majority of property owners. Although the buyer may use lawyers or other professionals where necessary in the registration process, it is assumed that the buyer does not employ an outside facilitator in the registration process unless legally or in practice required to do so. Assumptions about time: Time is recorded in calendar days. The measure captures the median duration that property lawyers, notaries or registry officials indicate is necessary to complete a procedure. It is assumed that the minimum time required for each procedure is one day, except for procedures that can be fully completed online, for which the time required is recorded as half a day. Although procedures may take place simultaneously, they cannot start on the same day (again except for procedures that can be fully completed online). It is assumed that the buyer does not waste time and commits to completing each remaining procedure without delay. If a procedure can be accelerated for an additional cost, the fastest legal procedure available and used by the majority of property owners is chosen. It is assumed that the parties involved are aware of all requirements and their sequence from the beginning. Time spent on gathering information is not considered. If time estimates differ among sources, the median reported value is used.
    		 - - -
    Cost to register residential property
    i
    The total cost to register residential property as a percentage of the value of the property. Assumptions about the sellers property: Is fully owned by the seller. Has no mortgages attached and has been under the same ownership for the past 10 years. Is registered in the land registry or cadastre, or both, and is free of title disputes. Is located in an urban residential zone and no rezoning is required. The property, consisting of land and a dwelling, will be transferred in its entirety. The dwelling is in good condition, complies with all safety standards, building codes and other legal requirements. The property will not be subject to renovations or additional construction following the purchase. Has no trees, natural water sources, natural reserves or historical monuments of any kind. Will not be used for special purposes, and no special permits are required. Has no occupants, and no other party holds a legal interest in it. Assumptions about procedures: A procedure is defined as any interaction of the buyer, the seller or their agents (if an agent is legally or in practice required) with external parties, including government agencies, inspectors, public notaries, architects, surveyors, among others. Interactions between company officers and employees are not considered. All procedures that are legally or in practice required for registering property are recorded, even if they may be avoided in exceptional cases. Each electronic procedure is counted as a separate procedure. Payment of capital gains tax can be counted as a separate procedure. If a procedure can be accelerated legally for an additional cost, the fastest procedure is chosen if that option is used by the majority of property owners. Although the buyer may use lawyers or other professionals where necessary in the registration process, it is assumed that the buyer does not employ an outside facilitator in the registration process unless legally or in practice required to do so. Assumptions about time: Time is recorded in calendar days. The measure captures the median duration that property lawyers, notaries or registry officials indicate is necessary to complete a procedure. It is assumed that the minimum time required for each procedure is one day, except for procedures that can be fully completed online, for which the time required is recorded as half a day. Although procedures may take place simultaneously, they cannot start on the same day (again except for procedures that can be fully completed online). It is assumed that the buyer does not waste time and commits to completing each remaining procedure without delay. If a procedure can be accelerated for an additional cost, the fastest legal procedure available and used by the majority of property owners is chosen. It is assumed that the parties involved are aware of all requirements and their sequence from the beginning. Time spent on gathering information is not considered. If time estimates differ among sources, the median reported value is used. Assumptions about the cost of the property: Cost is recorded as a percentage of the property value, assumed to be equivalent to 50 times income per capita. Only official costs required by law are recorded, including fees, transfer taxes, stamp duties and any other payment to the property registry, notaries, public agencies or lawyers. Other taxes, such as capital gains tax or value added tax (VAT), are excluded from the cost measure. However, in economies where transfer tax can be substituted by VAT, transfer tax will be recorded instead. Both costs borne by the buyer and the seller are included. If cost estimates differ among sources, the median reported value is used.
    		 - - -
    World Bank DBI transparency of information index ranking: Africa
    i
    The rank of the country's score on the World Bank's transparency of information index within Africa. The transparency of information index has 10 components: (1) Whether information on land ownership is made publicly available. A score of 1 is assigned if information on land ownership is accessible by anyone; 0 if access is restricted. (2) Whether the list of documents required for completing all types of property transactions is made easily available to the public. A score of 0.5 is assigned if the list of documents is easily accessible online or on a public board; 0 if it is not made available to the public or if it can be obtained only in person. (3) Whether the fee schedule for completing all types of property transactions is made easily available to the public. A score of 0.5 is assigned if the fee schedule is easily accessible online or on a public board free of charge; 0 if it is not made available to the public or if it can be obtained only in person. (4) Whether the immovable property agency formally specifies the time frame to deliver a legally binding document proving property ownership. A score of 0.5 is assigned if such service standard is accessible online or on a public board; 0 if it is not made available to the public or if it can be obtained only in person. (5) Whether there is a specific and independent mechanism for filing complaints about a problem that occurred at the agency in charge of immovable property registration. A score of 1 is assigned if there is a specific and independent mechanism for filing a complaint; 0 if there is only a general mechanism or no mechanism. (6) Whether there are publicly available official statistics tracking the number of transactions at the immovable property registration agency in the largest business city. A score of 0.5 is assigned if statistics are published about property transfers in the largest business city in the past calendar year at the latest on May 1st of the following year; 0 if no such statistics are made publicly available. (7) Whether maps of land plots are made publicly available. A score of 0.5 is assigned if cadastral plans are accessible by anyone; 0 if access is restricted. (8) Whether the fee schedule for accessing cadastral plans is made easily available to the public. A score of 0.5 is assigned if the fee schedule is easily accessible online or on a public board free of charge; 0 if it is not made available to the public or if it can be obtained only in person. (9) Whether the mapping agency formally specifies the time frame to deliver an updated cadastral plan. A score of 0.5 is assigned if the service standard is accessible online or on a public board; 0 if it is not made available to the public or if it can be obtained only in person. (10) Whether there is a specific and independent mechanism for filing complaints about a problem that occurred at the mapping agency. A score of 0.5 is assigned if there is a specific and independent mechanism for filing a complaint; 0 if there is only a general mechanism or no mechanism. The index ranges from 0 to 6, with higher values indicating greater transparency in the land administration system.
    		 - - -
    World Bank DBI transparency of information index ranking: Global
    i
    The global rank of the country's score on the World Bank's transparency of information index. The transparency of information index has 10 components: (1) Whether information on land ownership is made publicly available. A score of 1 is assigned if information on land ownership is accessible by anyone; 0 if access is restricted. (2) Whether the list of documents required for completing all types of property transactions is made easily available to the public. A score of 0.5 is assigned if the list of documents is easily accessible online or on a public board; 0 if it is not made available to the public or if it can be obtained only in person. (3) Whether the fee schedule for completing all types of property transactions is made easily available to the public. A score of 0.5 is assigned if the fee schedule is easily accessible online or on a public board free of charge; 0 if it is not made available to the public or if it can be obtained only in person. (4) Whether the immovable property agency formally specifies the time frame to deliver a legally binding document proving property ownership. A score of 0.5 is assigned if such service standard is accessible online or on a public board; 0 if it is not made available to the public or if it can be obtained only in person. (5) Whether there is a specific and independent mechanism for filing complaints about a problem that occurred at the agency in charge of immovable property registration. A score of 1 is assigned if there is a specific and independent mechanism for filing a complaint; 0 if there is only a general mechanism or no mechanism. (6) Whether there are publicly available official statistics tracking the number of transactions at the immovable property registration agency in the largest business city. A score of 0.5 is assigned if statistics are published about property transfers in the largest business city in the past calendar year at the latest on May 1st of the following year; 0 if no such statistics are made publicly available. (7) Whether maps of land plots are made publicly available. A score of 0.5 is assigned if cadastral plans are accessible by anyone; 0 if access is restricted. (8) Whether the fee schedule for accessing cadastral plans is made easily available to the public. A score of 0.5 is assigned if the fee schedule is easily accessible online or on a public board free of charge; 0 if it is not made available to the public or if it can be obtained only in person. (9) Whether the mapping agency formally specifies the time frame to deliver an updated cadastral plan. A score of 0.5 is assigned if the service standard is accessible online or on a public board; 0 if it is not made available to the public or if it can be obtained only in person. (10) Whether there is a specific and independent mechanism for filing complaints about a problem that occurred at the mapping agency. A score of 0.5 is assigned if there is a specific and independent mechanism for filing a complaint; 0 if there is only a general mechanism or no mechanism. The index ranges from 0 to 6, with higher values indicating greater transparency in the land administration system.
    		 - - -
    % of residential development projects where developers are paying for bulk infrastructure or the building of roads
    i
    The share of site-based residential development projects in urban areas that are currently ongoing and have not yet been completed where the developer has had to provide bulk infrastructure or build roads. This indicator does not include projects where construction occurred on multiple individual plots in an existing community. Bulk infrastructure includes the provision of electrical and water mains connections to a site/plot. Road building includes all roads built to connect to a municipal roadway.
    		 - - -
    % of households living in dwellings built using durable building materials (walls and roof) with inadequate services
    i
    The share of households living in dwellings where the main material of the walls and roof are finished, but the household does not have access to improved water services, improved sanitation facilities, or electricity. The definition of finished materials are as per the latest DHS questionnaire. Some of these may be country specific, but the major categories are standard. In DHS 7, finished wall materials included: cement; stone with lime/cement; bricks; cement blocks; covered adobe; wood planks/shingles. In DHS 7, finished roof materials included: metal/zinc; wood; calamine/cement fibre; ceramic tiles; cement; roofing shingles. According to DHS 7, improved water services include: piped into dwelling piped to yard/plot; public tap/standpipe; piped to neighbour; tube well or borehole; protected well; protected spring; rainwater; tanker truck, cart with small tank; bottled water. According to DHS 7, improved sanitation facilities include: flush - to piped sewer system; flush - to septic tank; flush - to pit latrine; flush - don't know where; pit latrine - ventilated improved pit (VIP); pit latrine - with slab; composting toilet.
    		 - - -
    World Bank DBI Reliability of infrastructure index ranking: Africa
    i
    The rank of the country's score on the World Bank's reliability of infrastructure index within Africa. The reliability of infrastructure index has six components: (1) In what format land title certificates are kept at the immovable property registry of the largest business city of the economy. A score of 2 is assigned if the majority of land title certificates are fully digital; 1 if scanned; 0 if kept in paper format. (2) Whether there is a comprehensive and functional electronic database for checking all encumbrances, caveats, charges or privileges affecting a registered propertys encumbrances. A score of 1 is assigned if yes; 0 if no. (3) In what format cadastral plans are kept at the mapping agency of the largest business city of the economy. A score of 2 is assigned if the majority of cadastral plans are fully digital; 1 if scanned; 0 if kept in paper format. (4) Whether there is a geographic information system (a fully digital geographic representation of the land plot) an electronic database for recording boundaries, checking plans and providing cadastral information. A score of 1 is assigned if yes; 0 if no. (5) Whether the land ownership registry and mapping agency are linked. A score of 1 is assigned if information about land ownership and maps is kept in a single database or in linked databases; 0 if there is no connection between different databases. (6) How immovable property is identified. A score of 1 is assigned if both the immovable property registry and the mapping agency use the same identification number for properties; 0 if there are multiple identifiers. The index ranges from 0 to 8, with higher values indicating a higher quality of infrastructure for ensuring the reliability of information on property titles and boundaries.
    		 - - -
    World Bank DBI Reliability of infrastructure index ranking: Global
    i
    The global rank of the country's score on the World Bank's reliability of infrastructure index. The reliability of infrastructure index has six components: (1) In what format land title certificates are kept at the immovable property registry of the largest business city of the economy. A score of 2 is assigned if the majority of land title certificates are fully digital; 1 if scanned; 0 if kept in paper format. (2) Whether there is a comprehensive and functional electronic database for checking all encumbrances, caveats, charges or privileges affecting a registered propertys encumbrances. A score of 1 is assigned if yes; 0 if no. (3) In what format cadastral plans are kept at the mapping agency of the largest business city of the economy. A score of 2 is assigned if the majority of cadastral plans are fully digital; 1 if scanned; 0 if kept in paper format. (4) Whether there is a geographic information system (a fully digital geographic representation of the land plot) an electronic database for recording boundaries, checking plans and providing cadastral information. A score of 1 is assigned if yes; 0 if no. (5) Whether the land ownership registry and mapping agency are linked. A score of 1 is assigned if information about land ownership and maps is kept in a single database or in linked databases; 0 if there is no connection between different databases. (6) How immovable property is identified. A score of 1 is assigned if both the immovable property registry and the mapping agency use the same identification number for properties; 0 if there are multiple identifiers. The index ranges from 0 to 8, with higher values indicating a higher quality of infrastructure for ensuring the reliability of information on property titles and boundaries.
    		 - - -

    More than 50 percent of households in urban areas and almost 85 percent of households in rural areas own their home, while less than six percent in rural areas and 30 percent in urban areas are tenants ¹. The Moroccan-style of housing that was used in the past tends to be declining in favour of modern buildings and construction.

    In 2019, 44 286 building permits were granted throughout the country for a total of 115 945 dwellings ². However, these figures remain insufficient in view of the high demand.

    To promote access to the maximum number of households, the government has initiated several social and middle class housing programmes. These include housing for MAD140 000 (US$14 419) and MAD250 000 (US$25 748). The construction of this housing is carried out in partnership with the private sector through the signing of agreements. Between 2008 and June 2020, a total of 75 agreements had been signed for 38 099 housing units at MAD140 000 (US$15 147) and 1 324 agreements for the production of 1 895 330 housing units at MAD250 000 (US$27 048). These latter figures cover the period from 2010 to June 2020.

    The government has also launched other major projects, such as an Eco-city in Casablanca, which will have 58 000 housing units and accommodate 300 000 inhabitants. This programme is in its marketing phase.

    Of the 19 indicators in this group, 4 are currently populated.

     

    Indicator Data Source Aggregation Year Data Quality Data Accessibility Value
    Number of people per sleeping room in formal dwellings
    i
    The number of people per sleeping room in formal dwellings. Sleeping rooms exclude kitchens, bathrooms, and garages. Formal dwellings are defined as dwellings where the main material used for the walls and roof of the dwelling are finished. The definition of finished materials are as per the latest DHS questionnaire. Some of these may be country specific, but the major categories are standard. In DHS 7, finished wall materials included: cement; stone with lime/cement; bricks; cement blocks; covered adobe; wood planks/shingles. In DHS 7, finished roof materials included: metal/zinc; wood; calamine/cement fibre; ceramic tiles; cement; roofing shingles.
    		 High Commission for Planning Urban 2014
    		4.20
    DHS Bottom 40 2004
    		4.80
    % of population living in slums, informal settlements, or inadequate dwellings
    i
    The percentage of the population that are part of households whose main dwelling meets the criteria of a slum/inadequate/informal dwelling. A household living in a slum/inadequate dwelling/informal settlement is defined as a group of individuals living under the same roof lacking one or more of the following conditions: access to improved water, access to improved sanitation, sufficient living area, and durability of housing. As per the UN definition, access to improved water requires the household to have access to: Piped connection to house or plot OR Public stand pipe serving no more than 5 households OR Bore hole OR Protected dug well OR Protected spring OR Rain water collection OR Bottle water (new). As per the UN definition, access to improved sanitation requires the household to have access to: Direct connection to public sewer OR Direct connection to septic tank OR Poor flush latrine OR Ventilated improved pit latrine OR Pit latrine with slab (new). The sufficient living area requirement requires there to be less than 4 people per habitable room in the household's dwelling. Habitable rooms exclude kitchens, bathrooms, and garages. Durability of housing requires the main material of the walls, floor, and roof of the household's dwelling to be finished. The definition of finished materials are as per the latest DHS questionnaire. Some of these may be country specific, but the major categories are standard. In DHS 7, finished floor materials included: parquet or polished wood; vinyl or asphalt strips; ceramic tiles; cement; carpet/rug. In DHS 7, finished wall materials included: cement; stone with lime/cement; bricks; cement blocks; covered adobe; wood planks/shingles. In DHS 7, finished roof materials included: metal/zinc; wood; calamine/cement fibre; ceramic tiles; cement; roofing shingles.
    		 World Bank Urban 2018 Not rated Not rated 9.20%
    Size of the cheapest, newly built dwelling by a formal developer / contractor in an urban area in square meters
    i
    The size of the cheapest, newly built dwelling by a formal developer / contractor in an urban area in square meters.
    		 Chaabi lil iskane Urban 2019
    		45m2
    Cost of standard 50kg bag of cement
    i
    The wholesale price of a standard 50kg bag of OPC cement in local currency units. The strength class of the OPC cement should be 32.5N.
    		 Medias 24 National 2018
    		74 DH$8
    Number of people per sleeping room in informal dwellings
    i
    The number of people per sleeping room in informal dwellings. Sleeping rooms exclude kitchens, bathrooms, and garages. Informal dwellings are defined as dwellings where the main material used for the walls or roof of the dwelling are unfinished. The definition of finished materials are as per the latest DHS questionnaire. Some of these may be country specific, but the major categories are standard. The definition of finished materials are as per the latest DHS questionnaire. Some of these may be country specific, but the major categories are standard. In DHS 7, finished wall materials included: cement; stone with lime/cement; bricks; cement blocks; covered adobe; wood planks/shingles. In DHS 7, finished roof materials included: metal/zinc; wood; calamine/cement fibre; ceramic tiles; cement; roofing shingles.
    		 - - -
    Number of households living in dwellings built using durable building materials (walls and roof)
    i
    The number of households living in dwellings where the main material of the walls and roof are finished. The definition of finished materials are as per the latest DHS questionnaire. Some of these may be country specific, but the major categories are standard. In DHS 7, finished wall materials included: cement; stone with lime/cement; bricks; cement blocks; covered adobe; wood planks/shingles. In DHS 7, finished roof materials included: metal/zinc; wood; calamine/cement fibre; ceramic tiles; cement; roofing shingles.
    		 - - -
    % of households living in dwellings built using durable building materials (walls and roof) that are overcrowded
    i
    The percentage of households living in dwellings where the main material of the walls and roof are finished and the dwelling is overcrowded. The definition of finished materials are as per the latest DHS questionnaire. Some of these may be country specific, but the major categories are standard. An overcrowded dwelling is one where there are more than two people per sleeping room. In DHS 7, finished wall materials included: cement; stone with lime/cement; bricks; cement blocks; covered adobe; wood planks/shingles. In DHS 7, finished roof materials included: metal/zinc; wood; calamine/cement fibre; ceramic tiles; cement; roofing shingles.
    		 - - -
    Number of dwellings completed annually
    i
    The number of new residential units completed per annum for which occupancy permits have been issued.
    		 - - -
    Gross fixed capital formation of dwellings as % of GDP
    i
    The value of capital invested in the formation of dwellings as a percentage of the country's Gross Domestic Product.
    		 - - -
    Residential rental sector as a % of GDP
    i
    The value of the rental sector as a percentage of the country's Gross Domestic Product.
    		 - - -
    Residential construction sector as a % of GDP
    i
    The value of the construction sector as a percentage of the country's Gross Domestic Product.
    		 - - -
    Is there a body that organises developers / contractors?
    i
    A "Yes" or "No" answer whether or not a body exists that organises developers / contractors.
    		 - - -
    Number of formal private developers / contractors serving the bottom-end of the market
    i
    The total number of registered private developers or contractors that build dwellings affordable to the bottom-end of the market. Registered private developers / contractors refers to businesses that are privately owned (not owned by government) and have a valid business/operating permit/license. From a buying perspective, affordability for the bottom-end of the market requires the price of the dwellings to be such that the bottom end of the market (calculation methodology to be determined) can afford to purchase it at market borrowing terms or the terms offered by the developer/accessible through the developer. From a rental perspective, affordability for the bottom-end of the market requires the rental price of the dwellings built by the developer / contractor to be such that the monthly rent-to-income ratio of the dwelling does not exceed 30% of bottom end of market household incomes.
    		 - - -
    Number of people employed in the residential construction sector
    i
    The number of people employed in the residential construction sector as per CAHF's HEVC methodology.
    		 - - -
    Number of people employed in the residential rental sector
    i
    The number of people employed in the residential rental sector as per CAHF's HEVC methodology.
    		 - - -
    Number of completed developer built dwellings that are accessible to the bottom-end of the market
    i
    The total dwellings completed in the last calendar year that are affordable to the bottom-end of the market (calculation methodology to be determined). Completed dwellings are dwellings for which occupancy permits have been issued. From a buying perspective, affordability for the bottom-end of the market requires the price of the dwellings to be such that the bottom-end of the market households can afford to purchase it at market borrowing terms or the terms offered by the developer/accessible through the developer. From a rental perspective, affordability for the bottom-end of the market requires the rental price of the dwellings built by the developer / contractor to be such that the monthly rent-to-income ratio of the dwelling does not exceed 30% of the bottom-end of the market household incomes.
    		 - - -
    Average residential building cost inflation for dwellings over 5 years
    i
    The average annual residential building cost inflation for dwellings over five consecutive years.
    		 - - -
    Time (in days) from application to completion for dwellings in the main urban city
    i
    The median number of days (inclusive of weekends and public holidays) between the issuance of a building construction permit and the issuance of an occupancy permit for residential dwellings. A building construction permit provides developers / contractors with permission to commence construction on the proposed site / development. An occupancy permit provides certifies the dwelling as habitable.
    		 - - -
    Total cost of all residential construction permit-related procedures
    i
    The total cost of all permits (in local currency units) required for the construction of a residential dwelling and declaring it fit for occupancy. Assumptions about the developer/contractor, dwelling to be built, and water & sewerage connections: The developer is 100% domestically and privately owned; has five owners, none of whom is a legal entity. Has a licensed architect and a licensed engineer, both registered with the local association of architects or engineers. The developer is not assumed to have any other employees who are technical or licensed experts, such as geological or topographical experts. The developer owns the land on which the dwelling will be built and will sell the dwelling upon its completion. The dwelling will be used for residential purposes only. The dwelling will have a single storey, above ground, with a total constructed area of approximately XX square meters. The single storey will be XX meters high and will be located on a land plot of approximately XX square meters that is 100% owned by the developer. The dwelling is valued at XX times income per capita. The dwelling will have complete architectural and technical plans prepared by a licensed architect. If preparation of the plans requires such steps as obtaining further documentation or getting prior approvals from external agencies, these are counted as procedures. The dwelling will take XX weeks to construct (excluding all delays due to administrative and regulatory requirements). The water and sewerage connections of the dwelling will be XX meters from the existing water source and sewer tap. If there is no water delivery infrastructure in the economy, a borehole will be dug. If there is no sewerage infrastructure, a septic tank in the smallest size available will be installed or built. The water connection for the dwelling will be XX inch in diameter and the sewerage connection for the dwelling will be XX inches in diameter.
    		 - - -

    There are wage inequalities in Morocco between the public and private sectors and between rural and urban areas. The average wage is around MAD5 188 (US$534) in the private sector and MAD7 549 (US$778) in the public sector for urban areas, while in rural areas the average wage for farmers is MAD3 028 (US$ 311) ¹. These wages increased on average between 2018 and 2019 by 1.5 percent for the private sector and 4.3 percent for the public sector ².

    In Casablanca, implementation of the new common reference framework for property prices has made it possible to bring prices more in line with reality. For example, the new benchmark applies a 20 percent discount on new flats and 30 percent on old ones. With these discounts, the lowest prices for a square metre in the area are MAD12 800 (US$1 318) and MAD11 200 (US$1 154). Considering these figures, it seems impossible for households to become homeowners ³. Many households therefore opt for renting. With MAD1 800 (US$185) a household can live in a flat of about 80m².

    The government has put in place several social programmes to ensure that all households have affordable housing. The first is a housing programme of MAD140 000 (US$14 419) for a living area of between 50m² and 60m². This programme targets artisans, agents working in the communes, and households with incomes below two minimum wages. Between June 2008 and June 2020, 28 053 dwellings received the certificate of conformity ⁴. The second programme of MAD250 000 (USD25 749) targets households that do not own a dwelling or households using the dwelling as their principal dwelling for a period of four years. Between June 2010 and June 2020, 488 443 dwellings received the certificate of conformity.

    The Moroccan banking system comprises 90 credit institutions and similar organisations, including 12 microcredit associations (compared to 13 in 2018) and 19 payment institutions. In Morocco, the 24 banks that are fully dedicated to granting bank credit have a network of 6 539 branches with 7 613 automated teller machines (ATMs). Abroad, there are more than 48 subsidiaries and 15 branches with around 1 523 points of sale ⁵.

    The structure of the banks’ total assets has not changed significantly compared to previous years. Loans and advances to customers continue to account for a large share, namely 59.4 percent compared with 59.5 percent a year earlier. Loans to credit institutions fell by 0.5 basis points to 13.1 percent. Conversely, the share of the securities portfolio increased by 0.8 basis points to 21.8 percent and the share of foreign currency banking assets increased by 0.6 basis points to 8.5 percent, of which almost four percent is held by non-residents ⁶.

    Despite a 6.8 percent delinquency rate, and after a three percent decline in 2018, outstanding housing finance contracted by 3.5 percent to nearly MAD26.3 billion (US$2 708 781 229). Household bank debt increased by 5.1 percent to MAD358 600 000 000 (US$36 934 180 562), up from 5.7 percent in 2018. Of this total, Mourabaha real estate financing amounts to MAD5 700 000 000 (US$587 074 259) ⁷. This is financing whereby a client who has chosen a property contacts a participatory bank to inform it of this choice and applies for a loan. The bank buys this property and resells to the client for a pre-determined margin. The client will then pay monthly instalments over 25 years with the notary fees financed by the bank. A deposit of between five and 10 percent of the total value of the property is required. However, this advance is returned at the end of the transaction.

    Compared to many countries on the continent, the Moroccan housing finance market is advanced. Between 2018 and 2019, the number of loan beneficiaries decreased from 68 495 to 67 332 clients, which is explained by a 35 percent decrease in state-sponsored loans. An 11 percent increase in free loans was also granted by banks. The average amount of credit in 2019 was MAD391 000 (US$40 271), down MAD7 000 (US$721) from 2018. The average interest rate for housing loans was 4.45 percent. The share of loans with an interest rate below six percent increased by two basis points at the expense of those with higher rates .

    Partnerships between banks and government provide greater access to housing finance for middle and low income families. For the financing of social housing, the Guarantee Fund for Irregular and Modest Income covered loans granted by credit institutions to 180 449 households for an amount of MAD28 390 000 000 (US$2 924 041 791), while the Guarantee Fund for Housing Loans for Public Sector Employees covered 50 869 households for an amount of MAD14 510 000 000 (US$1 494 464473) ⁸. The average salary was MAD2 368 (US$244) in August 2019 ⁹, suggesting that the majority of Moroccans can buy social housing for MAD140 000 (US$14 425). For households not able to buy a property, renting differs according to the housing area and the type of property. For example, renting a flat in Casablanca, the country’s main city, costs at least MAD1 800 (US$185).

    Of the 40 indicators in this group, 15 are currently populated.

    Indicator Data Source Aggregation Year Data Quality Data Accessibility Value
    Price of the cheapest, newly built dwelling by a formal developer or contractor
    i
    The price of the cheapest, newly built dwelling by a formal developer or contractor in local currency units.
    		 Various real estate websites Urban 2019
    		250,000 DH$27,027.03
    Average inflation for dwellings over 5 years
    i
    The average annual percentage change in the sales prices of completed residential dwellings over 5 years.
    		 Bank Al-Maghrib National 2019
    		9.00%
    % of households that own their dwelling
    i
    The share of households that claim to own their dwelling.
    		 High Commission for Planning; World Bank National 2014
    		70.75%
    Typical rental price for cheapest, newly built dwelling by a formal developer or contractor
    i
    The typical rental price per month in local currency units for a dwelling that matches the price and size characteristics provided by the "Price of the cheapest, newly built dwelling by a formal developer / contractor in an urban area in square meters" and "Size of the cheapest, newly built dwelling by a formal developer / contractor in an urban area in square meters" indicators.
    		 Desktop research Urban 2019
    		5,500 DH$594.59
    % of households that rent their dwelling
    i
    The share of households that claim to rent their dwelling.
    		 High Commission for Planning; World Bank National 2014
    		18.50%
    Number of formal estate agents
    i
    The total number of registered real estate agents that are subject to regulatory oversight.
    		 Sites internets National 2017
    		500
    Value of formal housing finance outstanding
    i
    The value of outstanding residential mortgages in local currency units at the end of a calendar year for residential mortgages issued by licensed/registered residential mortgage providers.
    		 Central Bank of Morocco (Bank Al-Maghrib) National 2019
    		26,300,000,000 DH$2,843,243,243.24
    Maximum residential mortgage term
    i
    The maximum term in years on residential mortgages offered by registered/licensed mortgage providers.
    		 Central Bank of Morocco (Bank Al-Maghrib) National 2018 Not rated Not rated 20
    % of the adult population that borrowed formally
    i
    The share of individuals aged 15+ that borrowed from formal financial institutions. The definition of formal financial institution is as used by the Global Findex database encompasses all types of financial institutions that offer deposit, checking, and savings accounts (including banks, credit unions, Microfinance institutions, and post offices) and that fall under prudential regulation by a government body. The definition does not include nonbank financial institutions such as pension funds, retirement accounts, insurance companies, or equity holdings such as stocks.
    		 World Bank National 2017
    		2.60%
    Does a foreclosure policy exist?
    i
    Asks whether or not a foreclosure procedure exists.
    		 Foreclosure Listings National 2020 Not rated Not rated Yes
    Does an operational mortgage refinancing company exist?
    i
    Asks whether or not a mortgage refinance company exists and is operational in the country.
    		 Oxford Business Group National 2020 Not rated Not rated Yes
    Number of residential mortgage providers
    i
    The number of residential mortgage providers. Each provider should be registered with, or licensed by, the Central Bank/financial regulator and one of their financing offerings must be residential mortgage loans.
    		 Central Bank of Morocco (Bank Al-Maghrib) National 2018
    		24
    Prevailing residential mortgage rates
    i
    The minimum and maximum interest rates on residential mortgages.
    		 Central Bank of Morocco (Bank Al-Maghrib) National 2018
    		6.00%
    % of households that can afford the cheapest, newly built dwelling by a formal developer or contractor
    i
    The share of households that can afford to buy the cheapest, newly built dwelling by a formal developer or contractor based on assumptions around financing terms and the instalment to income ratio. These assumptions are as follows: (1) the mortgage rate is equal to the maximum residential mortgage rate (see indicator Maximum residential mortgage rate); (2) the mortgage term is equal to the maximum mortgage term (see indicator Maximum residential mortgage term), (3) the LTV is equal to the maximum LTV on a residential mortgage (see indicator Maximum LTV on a residential mortgage), (4) the instalment to income ratio is equal to the maximum instalment to income ratio (see indicator Maximum instalment to income ratio). This indicator assumes that households have the savings required to meet the LTV criteria, the repayment schedule is at the beginning of the month, the affordability relates to the annuity mortgage (not interest only), there are no balloon repayments.
    		 CAHF; C-GIDD Urban 2019
    		50.53%
    % of households with female or joint ownership of a dwelling
    i
    The share of households where a female member of the households owns their main dwelling or any other dwelling either outright or jointly with someone else.
    		 - - -
    % of households with female ownership of a dwelling
    i
    The share of households where a female member of the households owns their main dwelling or any other dwelling outright.
    		 - - -
    World Bank DBI equal access to property rights index ranking: Africa
    i
    The rank of the country's score on the World Bank's equal access to property rights index within Africa. The equal access to property rights index has two components: (1) Whether unmarried men and unmarried women have equal ownership rights to property. A score of -1 is assigned if there are unequal ownership rights to property; 0 if there is equality. (2) Whether married men and married women have equal ownership rights to property. A score of -1 is assigned if there are unequal ownership rights to property; 0 if there is equality. Ownership rights cover the ability to manage, control, administer, access, encumber, receive, dispose of and transfer property. Each restriction is considered if there is a differential treatment for men and women in the law considering the default marital property regime. For customary land systems, equality is assumed unless there is a general legal provision stating a differential treatment. The index ranges from -2 to 0, with higher values indicating greater inclusiveness of property rights.
    		 - - -
    World Bank DBI equal access to property rights index ranking: Global
    i
    The global rank of the country's score on the World Bank's equal access to property rights index. The equal access to property rights index has two components: (1) Whether unmarried men and unmarried women have equal ownership rights to property. A score of -1 is assigned if there are unequal ownership rights to property; 0 if there is equality. (2) Whether married men and married women have equal ownership rights to property. A score of -1 is assigned if there are unequal ownership rights to property; 0 if there is equality. Ownership rights cover the ability to manage, control, administer, access, encumber, receive, dispose of and transfer property. Each restriction is considered if there is a differential treatment for men and women in the law considering the default marital property regime. For customary land systems, equality is assumed unless there is a general legal provision stating a differential treatment. The index ranges from -2 to 0, with higher values indicating greater inclusiveness of property rights.