The real estate market in Marrakech has, as in the second quarter, experienced a slight drop in prices and the number of transactions. But, looking closer, some segments have seen contrasting trends.
The city of Rabat has experienced significant fluctuations in its real estate market, according to the Real Estate Asset Price Index published by Bank Al-Maghrib and the National Agency for Land Conservation, Cadastre and Cartography (ANCFCC).
In the second quarter of 2023, the real estate market in Tangier showed a general price decline of 0.7%, according to data recently published by Bank Al Maghrib and the National Agency for Land Conservation, Cadastre and Cartography.
Like many cities in Morocco, Rabat has experienced a significant drop in real estate prices. Let’s look at the figures in detail published by Bank Al-Maghrib (BAM) and the National Agency for Land Conservation, Cadastre and Cartography (ANCFCC).
In the second quarter of this year, the real estate sector in Morocco is showing signs of slowing down, with a sharp drop in transactions.
The real estate market in Tangier experienced some variations during the first quarter of this year, with a price index that recorded a decline of 0.7%. This is what Bank Al-Maghrib (BAM) and the National Agency for Land Conservation, Cadastre and Cartography (ANCFCC) specify.
For the 2021 fiscal year, the National Agency for Land Registration, Cadastre and Cartography (ANCFCC) recorded solid performance, generating estimated revenue of 8.1 billion dirhams, up 42% compared to 2020 and 21% compared to 2019.
Real estate asset prices in Morocco fell by 5.4% in the second quarter of 2021, while the number of transactions increased by 18.8% during the same period.
The overall Moroccan real estate market shows a variable curve depending on the cities in the first quarter of 2021. With a slight increase in transactions, Marrakech is gradually emerging from the water.
After 15 months of work, the national land strategy document will soon be available. The announcement was made by the National Agency for Land Conservation, Cadastre and Cartography.
Real estate transactions are down 29.5% in Morocco. According to Bank Al-Magrhib and ANCFCC, the real estate asset price index (IPAI) fell year-on-year by 1.4% in the first quarter of 2020.
The National Agency for Land Conservation, Cadastre and Cartography is working to simplify procedures in order to win the bet of collective registration.