Moroccan Real Estate Market Slumps 9.3% Amid Global Uncertainty

This drop in sales was observed across all segments, according to the index of real estate asset prices of Bank Al-Maghrib and the National Agency for Land Conservation, Cadastre and Cartography (ANCFCC), noting that the market is facing new realities.

More specifically, residential property sales fell by 15.7% at the end of March, while land sales fell by 15.7%. Commercial real estate transactions followed the same trend. A decline of 11.9% was noted during the same period.

At the same time, the real estate asset price index fell by 4.9% at the end of March. This decline results from a 5.8% decrease in the residential price index, a 2.9% decrease in the land price index, and an 8.6% decrease in the price of commercial properties.

The breakdown by city shows a drop in prices in Casablanca, Rabat and Tangier, while in Marrakech they recorded an increase of 2% compared to the previous quarter.