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Prices falling in 2022

by Alexandra Hartman Editor-in-Chief

This drop is the result of decreases of 1.3% in the prices of residential assets and of 1.7% in those of goods for professional use, specify BAM and the ANCFCC in their recent note on the IPAI and the overall trend of the real estate market. , noting that land prices increased by 0.7%,

As for the number of transactions, it recorded a decrease of 15.4% resulting from the drop of 15.4% in sales of residential properties, 18% of those of land and 9.8% of those of buildings. goods for professional use.

At retail, the decline in residential prices reflects the 0.3% drop in apartment prices and the 0.5% rise in those of houses and 0.3% in those of villas. As for transactions, their number fell by 3.5%, reflecting drops of 4.2% for apartments, 0.2% for houses and an increase of 27.5% for villas. .

Year-on-year, land prices appreciated by 1.2% and sales fell by 5.1%.

Regarding the prices of goods for professional use, they increased by 0.5%, with an increase of 0.5% for commercial premises and 2.4% for offices. Transactions, for their part, fell by 16.2%, reflecting declines of 16.8% for commercial premises and 12.5% ​​for offices.

By city, prices depreciated by 1.6% in Casablanca, 0.3% in Rabat and 1.4% in Tangier, while they rose by 0.5% in Marrakech.

In the fourth quarter of 2022, the real estate asset price index recorded a quarterly decline of 0.7%, covering decreases in residential prices of 0.8% and land of 0.7% and price stagnation goods for professional use.

At the same time, the number of transactions fell by 4.8%, reflecting the decline of 5.5% for residential property, 1.3% for land and 6.1% for professional property. .

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