Morocco’s Real Estate Market Shows Mixed Trends: Prices Dip in Q4, Sales Up Overall in 2018

Moroccan cities are not on an equal footing, as there was a sharp increase in Rabat (3.7%), a little less in Casablanca (1.3%), 1.8% in Tangier, while in Marrakech, there was a clear decline of 5.5% with a drop in sales of nearly 16%.

After a 6.8% drop in 2017, Morocco experienced a recovery in 2018, reports the central bank, whose figures were reported by the newspaper Aujourd’hui le Maroc. Real estate sales thus recorded an overall growth of 4.5% last year, including 2.9% for residential assets.

The fourth quarter of 2018 also saw a strong increase in real estate transactions (+12.4%), thanks to good growth in residential property sales (+16%) and professional assets, particularly offices and commercial premises.