Moroccan Real Estate Market Plunges: Prices and Transactions Plummet Amid Economic Crisis

Real estate is being hit hard by the economic crisis caused by the coronavirus. And this, in all segments of the sector. The volume of transactions has decreased by 42.8%, due to the decline in sales of all categories, i.e. 38.2% for residential, 53.7% for land and 54.2% for professional properties.

As for the number of transactions, it has seen a 56.1% decrease compared to last year. These figures result from declines of 55.3% for residential, 59.1% for land and 57.2% for professional properties.