Casablanca Real Estate Market Slumps as Prices and Transactions Fall

The figures, which reflect a downward trend across all types of properties, raise questions about the dynamics of this once thriving market.

Urban land is the most affected by this price decline, with a 2.7% drop. Professional-use properties are not spared, recording a 2.2% decrease. Even the residential market, which seemed to be holding up until now, shows a 0.5% decline. This downward trend is accompanied by a dizzying drop in transactions, which plunged 30.1% across the market, according to joint data from Bank Al-Maghrib (BAM) and the National Agency for Land Conservation, Cadastre and Cartography (ANCFCC).

Residential properties, including apartments and houses, recorded a 28.6% drop in transactions. On the land side, the drop is even more spectacular, reaching 41.7%. Professional-use assets, such as offices and commercial premises, are also experiencing a slowdown, with a 33.3% drop in transactions.

Several factors could explain this slowdown, including a decrease in demand, an oversupply, or an uncertain economic context.