Morocco’s Real Estate Market Slumps Despite Price Drops

Despite the decrease in real estate prices in the first half of 2019, sales are still struggling to see an increase, according to the indicators of Bank Al-Maghrib.

On an annual basis, the price of all real estate assets has also recorded a decline. As for the price of residential properties, there has been a 0.3% decline. Land prices and those of commercial properties have recorded a decline of 1.9% and 1.4% respectively.

As a result, real estate transactions have decreased by 7.3% compared to the first three months of the year and by 8% compared to the second quarter of the previous year, according to the periodic analysis of the Central Bank.