2023-05-20 11:07:17
Here are five key points from the note by Bank Al-Maghrib (BAM) and the National Agency for Land Registry, Cadastre and Cartography (ANCFCC) on the overall trend of the real estate market during the first quarter of 2023:
1 – The real estate asset price index (IPAI) appreciated in the first quarter of 2023 by 0.8%, year-on-year.
2 – The number of transactions increased by 2.5%, covering increases of 3% for residential properties and 3.5% for professional properties and stagnation for land.
3 – Residential prices fell by 0.1%, the result of the 0.5% drop in villa prices and the stagnation in those of apartments and houses. Their transactions showed an increase of 3%, reflecting increases of 2.9% for apartments and 20.6% for villas and a decrease of 1% for houses.
4 – The prices of goods for professional use increased by 3.7%, with an increase of 2.1% for commercial premises and 7.1% for offices. Transactions, for their part, showed an increase of 3.5%, reflecting an increase of 1.8% in sales of commercial premises and 12% in those of offices.
5 – By city, prices increased, quarter-on-quarter, in Rabat and Marrakech by 5% and 0.7%, respectively, while in Casablanca and Tangier they recorded a decrease of 0.1% and 0.7%, compared to the previous quarter.
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