Morocco’s Real Estate Market Plummets: 31% Drop in Sales Amid Price Declines

In its latest publication on the real estate asset price index (existing), BAM indicates that this rate fell by 1.6% quarter-on-quarter. This development includes declines of 1.8% for residential prices, 1.1% for land prices and 3.3% for prices of commercial properties.

Furthermore, these prices on an annual basis have shown a decline of 1.4%, with regressions of 1.5% for residential properties, 1.2% for land and 2% for commercial properties.

As for transaction volumes, they fell by 31.2% quarter-on-quarter. According to the same source, this decline is caused by the drop in sales of all categories, namely residential (-32.9%), land (-27.2%) and commercial properties (-25.6%).