Rabat’s Housing Market Defies National Trend with Surprising Q2 Surge

The data for the quarter reveals an overall price increase of 1.4% and an increase in the number of transactions of 4.3%. In detail, the residential segment is the sole driver of this growth, with a price appreciation of 2.4% and a significant increase in sales of 8.2%.

This housing performance, however, masks significant declines in the other segments of the market. Indeed, the land segment has experienced a 2.6% drop in prices, accompanied by a marked 32.6% drop in the volume of transactions. Similarly, commercial properties have seen their prices fall by 0.5% and their sales decrease by 6.8%.

The situation in Rabat is even more distinct when put into perspective with national trends. During the same period, the Casablanca market recorded a 0.5% drop in prices and a 13.9% decrease in transactions. Tangier shows a similar balance, with a 0.5% decline in prices and a 19% drop in sales.

The exclusive vigor of the residential market in the capital allows it to stand out and maintain a positive trajectory in a more difficult overall context for the real estate sector.