Casablanca Real Estate Prices Plummet Amid COVID-19 Crisis

Casablanca, which holds the record for Covid-19 cases, the real estate situation in this period of health crisis is not very bright.

According to the Real Estate Asset Price Index (IPAI), house prices fell by -6.8% while transactions recorded a considerable drop of -65.5%. Similarly, prices fell on the villa side by -2.4% and transactions by -25.3%.

Regarding apartments, a slight drop in prices in the order of -3.2% was recorded, while transactions at this level experienced a significant drop of -20.4%. At the same time, on the commercial premises side, a slight increase of 2.2% was observed, while transactions fell sharply by -50.6%.

The same phenomenon is observed at the level of apartments and villas which show an insignificant increase in prices, (respectively 0.4 and 2.0) while transactions experience a drastic drop of -52.7% and -68.8%.