Casablanca Real Estate Prices Rise 2.1%, Led by Surge in Land Values

At the end of 2024, prices in Casablanca generally increased by 2.1%. This increase is driven by the marked increase in the price of land (+7.1%) and, to a lesser extent, by the increase in commercial properties (+2.5%). Residential properties are experiencing a more moderate evolution (+1.8%), with disparities: +1.7% for apartments, +5.3% for houses and +2.2% for villas.

The dynamism of the market is confirmed by the surge in transactions, up 47.6% in the fourth quarter. Villas stand out in particular (+93.1%), followed by commercial premises (+66.8%), offices (+65.7%), land (+63.6%), houses (+50.7%) and apartments (+42.5).

However, over the whole of 2024, prices have slightly declined (-0.2%), despite a 2.6% increase in transactions. These data suggest a certain vigor of the Casablanca real estate market, but also a possible phase of price stabilization after the recent increases, particularly at the end of the year.