Are Construction Costs Going Down in Morocco? 🇲🇦🏗️💰

Are construction costs in Morocco finally starting to decrease, or are they still on the rise in 2024?

The Moroccan construction sector has faced rising costs over the past few years due to global supply chain disruptions, inflation, and increased material prices. But is the situation improving? Are construction costs in Morocco going down in 2024? Let’s take a closer look.

Current Trends in Construction Costs 📈

As of 2023 and early 2024, the cost of building materials such as cement, steel, and tiles remains high, though some signs of stabilization have emerged:

✅ Cement Prices – Cement prices have remained relatively stable but haven’t decreased significantly due to high demand in infrastructure projects.
✅ Steel & Metal Costs – After a sharp rise in 2022, steel prices have slightly dropped in 2024 due to better supply chain management.
✅ Labor Costs – With inflation affecting wages, construction labor remains expensive, especially in urban areas like Casablanca and Marrakech.

Government Initiatives to Reduce Costs 🏛️

The Moroccan government has increased investments in construction and infrastructure, aiming to boost the sector while controlling costs:

📌 Public Infrastructure Investment – The government allocated 64 billion MAD in 2024 to infrastructure, which helps stabilize material demand.
📌 Encouraging Local Production – Authorities are pushing for local manufacturing of construction materials to reduce dependence on imports.
📌 Affordable Housing Projects – Incentives for social housing projects are expected to balance prices in the long run.

Is It Cheaper to Build in 2024? 🤔

While prices are not dramatically falling, certain factors may lead to lower construction costs in the future:

🔹 Increased Competition – More real estate developers are entering the market, potentially driving costs down.
🔹 Improved Supply Chains – Fewer global disruptions mean better availability of materials.
🔹 Government Subsidies & Incentives – Some projects benefit from reduced tax rates and incentives, lowering costs.

Conclusion

As of 2024, construction costs in Morocco are not significantly decreasing, but they are stabilizing. With government support, local production, and infrastructure investments, we may see a gradual reduction in costs over the next few years. If you’re planning a construction project, now is a good time to compare material prices and look for government incentives to optimize your budget.