Casablanca Real Estate: Prices Drop, Sales Collapse Q1 2026

The Casablanca real estate market is experiencing a clear slowdown. In the first quarter of 2026, prices of real estate assets in the economic capital fell by 2.7% compared to the previous quarter, according to the latest note from Bank Al-Maghrib and the National Agency for Land Conservation, Cadastre and Cartography.

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The decline is particularly visible in residential property, where prices fell by 3%. Apartments, the most closely watched market segment, show a 3% drop, while houses fell by 1.8% and villas by 1.5%. But the most striking signal comes from sales, which are in sharp decline.

In Casablanca, the total number of real estate transactions fell by 37.8% over one quarter. In residential property, sales fell by 37.6%. Apartments recorded a decline of 36.9%, while houses and villas are even more affected, with transactions down 57.6% and 51.9%.

Land is also experiencing a significant slowdown. Prices for urban land fell by 5.7%, one of the sharpest declines in the city. Transactions in this segment decreased by 42.1%, a sign of a more cautious market and buyers less eager to position themselves.

A contrast does appear, however, on the commercial property side. Prices for commercial premises increased by 2.2% and offices by 4.1%. But this price resilience does not translate into sales momentum. Transactions fell by 36.5% for commercial premises and 42.3% for offices.

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These figures show a Casablanca market operating at two speeds. Prices are declining in residential and land, while commercial properties are holding their value. But in all cases, sales are slowing sharply. For buyers, particularly MREs and investors, this situation can open room for negotiation. For sellers, it confirms a more difficult market, where timelines and discussions risk becoming longer.