Morocco’s Real Estate Market Surges: Supply Up 4.73%, Demand Soars 19.50% in Q3

A slight acceleration for real estate activity at the end of the year. This is at least what the indicators of the specialized site, Mubawab, cited by Aujourd’hui le Maroc, reveal, which specifies that the supply recorded during the third quarter is up 4.73% while demand has seen a 19.50% jump.

New and old apartments have seen supply rebound by 0.34% and demand consolidate by 24.90% during this period. Meanwhile, prices have seen a slight increase of 0.81%, from one quarter to the next, in the average price per square meter of apartments in Morocco, which thus stands at 10/300 dirhams.

In detail, the prices of old villas show an increase of 10%. The prices of old apartments, on the other hand, have climbed by 4% and 7% year-on-year between the 2nd and 3rd quarters of 2021. Regarding the price of new villas, there is a quarterly increase of 10%, at the same rate year-on-year. As for the prices of new apartments, they are up 7% in the third quarter, with +10% year-on-year.

According to the same sources, Casablanca, Agadir and Tangier maintain their attractiveness for apartments with stable prices, while villas are in high demand in Casablanca and Agadir.