Morocco’s Real Estate Market Rebounds: Prices Rise 3.6% as Sales Surge 117%

According to the explanations of BAM and ANCFCC, this development reflects the increase in prices for all categories of property, with rates of 3.6% for residential and land, and 5.1% for commercial properties. At the same time, the number of transactions has returned to pre-crisis levels.

Sales increased by 117.6% in the third quarter after quarterly declines of 41.4% in Q2 and 29% in Q1. This increase affected all categories. The joint note of these two institutions shows that the real estate asset price index fell by 0.8% year-on-year, with declines of 1.2% for residential assets and 0.4% for land, while prices of commercial properties increased by 3%.

Regarding the number of transactions, it showed a 9.5% decline, reflecting a 15.3% drop in sales of residential assets. As for land sales, they were almost stagnant, while those of commercial properties increased by 22.8%.

The statistical data reveal a 3.6% increase in residential asset prices quarter-on-quarter, reflecting increases in all asset categories with rates of 3.4% for apartments, 4.8% for houses and 5.4% for villas.

Year-on-year, it appears that prices have depreciated by 1.2%, in connection with declines of 1.1% in apartment prices and 2.7% for houses.