Benslimane’s Real Estate Boom: Stable Prices Attract Investors as Urban Expansion Unfolds

The sectoral study carried out by the ministry’s services as part of the monitoring of the dynamics of the real estate market in the Casablanca-Settat region revealed that real estate prices in Benslimane "have not recorded brutal or out-of-context declines", due to the urban expansion that the city is experiencing, explains the source to Hespress, noting that real estate prices are relatively stable, even if they are far from the lowest, as some misleading advertisements on social networks try to make believe.

The average price per square meter of apartments varies between 5,000 and 8,500 dirhams, while that of villas varies between 8,000 and 13,000 dirhams, depending on the location and design, it is specified. The prices of land for construction, on the other hand, range between 1,000 and 2,500 dirhams per square meter. Prices considered "reasonable" compared to neighboring cities like Mohammedia or Bouznika, notes the same source, who points out that the city of Benslimane is undergoing a gradual process of urban upgrading to become a future residential destination.

However, the same source warned against the purchase of real estate in this city without a prior in-depth study, stressing that massive acquisition could lead to speculation and price inflation, in short, an imbalance in the real estate market that would be more detrimental than useful to the sector. It has invited the population and investors to be cautious and to rely on real data and not on misleading advertisements on social networks.

A development simulation carried out by the supervisory ministry shows that the rapid exceeding of the 25% demand threshold, without prior supervision or planning, could lead to a price increase of more than 18%, especially if the supply is insufficient to meet this demand. Rapid acquisition in the city could harm its attractiveness and disrupt its balanced and adapted development pace to the purchasing power of citizens, warns the same source.