Rabat Real Estate Prices Rise 1.9%, Led by Housing Sector Growth

A general price increase of 1.9% was observed, contrasted by distinct movements in different market segments.

This overall increase is mainly attributable to the 2.9% growth in residential property prices. In contrast, land and commercial assets did not follow this trend, experiencing declines of 3.3% and 3.6% respectively.

The volume of transactions declined by 18% over the quarter. This decline is noticeable in all categories: residential properties (-16.1%), land (-6.5%) and more markedly for commercial assets, with an alarming drop of 49%.

Analysis by type of property

• Apartments: Despite a 16.5% drop in transactions, apartments saw a slight 1.1% price increase.
• Houses: The situation is more critical for houses, with a 22.2% drop in transactions despite a substantial 22.5% price increase.
• Villas: Villas have better withstood the market, with a moderate 4.8% decrease in transactions and a 5.0% price increase.
• Urban land: They suffer a double blow, with a 3.3% price drop and a 6.5% drop in transactions.
• Commercial premises: The situation is particularly gloomy for commercial premises, with a 5.0% price drop and a 38.5% drop in transactions.
• Offices: Offices are the most affected, recording a 6.0% price drop and a dizzying 83.3% drop in transactions.