Rabat, the locomotive of real estate: prices and sales soar in the 3rd quarter

The Rabat market displays a health that outclasses the other major metropolises. With an overall appreciation of the price index of 3.2%, the city clearly outpaces Tangier, Casablanca and Marrakech. This appreciation is based on the strength of the residential and professional segments, which show respective gains of 3.4% and 3.2%. Bucking this upward trend, only urban land is lagging behind, conceding a decline of 1.4% over the period.

Frantic commercial activity

This rise in prices does not deter buyers, quite the contrary. The overall volume of sales has jumped by 27.4%, a pace almost twice the national average. The enthusiasm is particularly intense for professional properties, whose transactions have exploded by nearly 49%, setting a record for this segment.

The apartment market is following this sustained pace with a third more sales and a value increase of 3.6%. While house prices have risen by 7%, leading to a slight decline in transactions, urban land, which has become more affordable, has attracted investors with transactions up by more than 24%.