Morocco’s Real Estate Market Rebounds with 81% Surge in Housing Supply Despite Pandemic

During the month of August, this sector experienced an 81% increase in housing supply. This statistic is based on the 5th real estate guide from Mubawab that has just been published. Even if the increase has not regained full capacity, there is nevertheless a 10% increase in housing supply compared to last year, reports La Map.

Beyond this healthy recovery observed in the market, we must not forget the quarterly increase of 43% with a 12% evolution according to the co-founder of Mubawab, Kevin Gormand. This guide also specifies that the average price per square meter is 9,700 dirhams with a decline of 2.3%. This impacts the relative evolution of apartment prices. For the price of old apartments, we record +2% while that of new apartments and villas (old and new) is -2%.

This decline was observed during the last quarter. The guide finally notes pressure on market prices despite seasonal fluctuations. The drop in apartment prices appears in five cities and that of villas in four cities, namely Fez, Rabat, Bouskoura, Casablanca. Prices, on the other hand, have increased in Agadir, Salé, while they have remained stable in Nouaceur.