Rabat Real Estate Market Shows Modest Growth as Prices and Sales Rise
In the second half of the year, the Moroccan real estate market has had mixed fortunes depending on the cities. In Rabat, however, activities have regained their colors, according to Bank Al Maghrib (BAM).
Real estate in the capital has seen a 0.8% increase in the second quarter compared to the first quarter, according to BAM’s recent note on the real estate asset price index. This quarterly increase concerns almost all segments as well as the number of transactions, which increased by 4.9%, it is specified.
In detail, the price of residential property recorded a slight increase of 1.2% with sales up 7.7%. On the other hand, there is a slight drop of 0.1% in the price of land, while sales are up 39.4%. The same goes for the price of commercial property, which fell 11.6%, while transactions plummeted 46.7%.
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