Casablanca Real Estate Plummets: Prices and Sales Nosedive Across All Sectors

In terms of prices, the overall decline was 0.5%. The land segment recorded the most significant drop at -2.9%, while residential and commercial properties experienced decreases of 0.3% and 0.8% respectively.

The contraction was even more pronounced on the transactions front, with an overall drop of 13.9% compared to the previous quarter. The commercial property sector was the most affected with a 18.7% drop in sales, followed by the residential sector (-13.8%). The land market, on the other hand, experienced almost stagnant transactions (-0.2%).

This dynamic in Casablanca contrasts with that observed in other major cities in the Kingdom. During the same period, the real estate market in Rabat progressed both in terms of prices (+1.4%) and transactions (+4.3%), as well as in Marrakech (+0.2% and +2.7% respectively), thus confirming a less favorable trend for the economic capital.