Falling prices, rising transactions: the paradox of the Moroccan real estate market

Real estate asset prices fell by 0.4% in the second quarter of this year, Bank Al-Maghrib (BAM) and the National Agency for Land Conservation, Cadastre and Cartography (ANCFCC) reported.

In a note on the overall trend of the real estate market in the second quarter of 2024, BAM and the ANCFCC explain that this decline is the result of the 0.6% drop in the prices of residential properties and land. Prices of commercial properties, on the other hand, recorded an increase of 0.4% during the period. The number of transactions increased by 12.1%, or 11.1% for residential properties and 25.6% for land properties, the note states. Sales of commercial properties, for their part, experienced a decrease of 2.3%.