Moroccan households regain confidence

“Outstanding loans to individuals and MRE increased by 4.3% at the end of March, over one year, to 223 billion dirhams. Crowdfunding for housing represents nearly half of growth with outstanding amounts up 52% ​​to 12.4 billion DH ”, states The Economist, specifying that “sales have resumed since September and have remained on a good dynamic since the start of the year”.

Now is the time to benefit from financing at attractive conditions from the bank. “From 4.4% on average in 2020, interest rates would approach a little more than 4% at the start of the year,” said the newspaper, which sees it as an incentive to apply for credit. In the first three months of the year, new car sales have climbed 37% and there is a double-digit increase in registrations of low cost vehicles.

Thus, observes the daily, the behavior of households does not conform to their declarations during the economic survey of the HCP, where they judged the economic situation not very favorable to the acquisition of durable goods. The balance of opinion for this indicator remained negative at −61.5 points against −61.2 points in the fourth quarter of 2020 and −32.6 points in the first quarter.

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