Morocco’s Real Estate Prices Rise 1.3% in Q3, Transactions Surge 44.9%

This increase is explained by the 0.8% rise in residential prices, 2.3% in land prices and 2.5% in the prices of professional-use properties, according to BAM and ANCFCC in their recent note on the IPAI and the overall trend of the real estate market. An increase in transactions was also recorded in the third quarter. This number increased by 44.9%, in connection with the 60.8% increase in sales of residential properties, 19.8% of land and 11.4% of professional-use properties.

For the residential property category, the overall price index also increased. The increase in residential prices is linked to a 0.6% increase in apartment prices, 1.7% in house prices and 0.3% in villa prices. As for the number of transactions, it increased by 60.8%, reflecting increases of 61.7% for apartments, 40.7% for houses and 92.7% for villas.

As for the prices of professional-use properties, their increase covers a 2.4% increase for commercial premises and 3% for offices. Transactions, for their part, recorded a 11.4% increase, reflecting a 15.1% increase in sales of commercial premises and a 4.2% decrease in those of offices.

By city, prices experienced an increase in Q3-2022 of 0.5% in Casablanca, 0.2% in Rabat and 0.3% in Tangier, while in Marrakech they recorded a 0.6% decrease.