Real estate in Morocco: sales and purchases fall

The overall real estate asset price index fell 0.2% in the third quarter compared to the previous quarter. This is what emerges from joint data from Bank Al-Maghrib (BAM) and the National Agency for Land Conservation, Cadastre and Cartography (ANCFCC).

This drop reflects decreases of 0.4% in land prices and 0.7% in property for professional use, explain BAM and the ANCFCC in their note on the overall trend of the real estate market in the third quarter of 2024. Prices of properties residential properties remained stable. In terms of transactions, there was an overall fall of 28.9%, with drops of 30.4% for residential, 15.9% for land, and 41.1% for property for professional use.