Casablanca’s Used Property Market Surges: Prices and Sales Hit Record Highs

In a note on the overall trend of the real estate market in the fourth quarter of 2021, BAM and ANCFCC report that in Casablanca, second-hand housing prices rose by 0.6% quarter-on-quarter: an increase of 0.8% for residential, 1.3% for land and 0.4% for commercial properties. What about transactions? In total, 9,000 transactions were recorded in the economic capital during the last quarter of last year, compared to 5,500 in the third quarter of 2021. A historic record since 2014.

As for sales, they increased by 65%. This increase is explained by the increases in transactions of residential properties (78.2%), land (33.2%) and commercial assets (21.6%). Over the whole of 2021, the price index depreciated by 4.2% and transactions increased by 23.4%. At the national level, the real estate asset price index (IPAI) depreciated by 3.2% over the whole of 2021, BAM and ANCFCC indicate, specifying that this development reflects decreases of 4% in the prices of residential assets, 1.7% in those of land and 4.3% in those of commercial properties.