Bank Al-Maghrib and the National Agency for Real Estate Preservation, Cadastral Survey and Mapping confirmed that the real estate asset price index recorded near stability, on an annual basis, in the second quarter of 2023.
And the two institutions highlighted, in a note on the general trend of the real estate market for the second quarter of 2023, that the near-recession recorded is due to the rise in the prices of land plots (0.9 percent), property intended for professional use (2.1 percent), and the decline in property prices. residential (0.5 percent).
The same source indicated that the number of real estate transactions recorded, for its part, a decline of 4.9 percent, to cover increases of 4.7 percent for residential properties, 6.9 percent for land plots, and 3.2 percent for properties intended for use. vocational.
By asset class, residential property prices declined by 0.5 percent, as a result of a decrease in apartment prices by 0.4 percent, villas by 5.7 percent, and an increase in house prices by 0.7 percent.
For its part, the number of transactions decreased by 4.7 percent, reflecting a decrease of 4.8 percent for apartments, 5.9 percent for homes, and an increase of 7.9 percent for villas.
With regard to real estate prices, they increased by 0.9 percent, while the number of transactions decreased by 6.9 percent.
With regard to property intended for professional use, its price increased by 2.1 percent, with an increase of 2.4 percent for shops, and by 0.6 percent for offices.
For its part, transactions recorded a decline of 3.2 percent, reflecting a decline of 7.5 percent in sales of shops, and a growth of 21 percent in sales of offices.
According to the cities, the memorandum recorded that prices rose, on a quarterly basis, in Marrakech by 0.7 percent, and stagnated in Casablanca, while in Rabat and Tangiers it recorded a decrease of 3.7 and 0.7 percent, respectively.
