Casablanca Real Estate Market Shows Mixed Trends in 2023: Prices Stable, Transactions Down

A slight overall price drop of 0.7% was recorded. Land and commercial properties showed more resilience with increases of 4.7% and 1.7% respectively.

Regarding transactions, the economic capital recorded an overall decline of 13.1%. This decline is mainly driven by the residential sector with a 14% drop in sales. Land and commercial properties were not spared this trend, with sales falling 19.7% and 4.3% respectively.

Here is a detailed breakdown:

• Apartments: They experienced a 0.7% price drop with a slight 2.2% decline in transactions.
• Houses: An appreciation of 0.9% was observed and an increase in transactions of 19.4%.
• Villas: This segment recorded a 4.5% price decrease, with a 7.5% drop in sales.
• Urban land: Despite a 4.7% price increase, transactions decreased by 18%.
• Commercial premises: A slight 0.8% price increase is observed, but a 5.9% drop in sales.
• Offices: This segment saw a modest 0.2% price increase, offset by an impressive 40.7% surge in sales.