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 in the real estate market:
1. The real estate asset price index (IPAI) depreciated by 3.2% in 2021. In Q4-2021 alone, the IPAI fell by 6%, year-on-year.
2. The number of transactions increased by 32.8% in 2021. In Q4-2021 alone, the number of transactions marked a decline of 14.7%.
3. The prices of residential assets depreciated by 7.6%, due to the fall in prices of apartments by 8.8%, houses (-3.2%) and villas (-7.1%). The number of transactions decreased by 16.8%.
4. The prices of goods for professional use fell by 5.2%, with price decreases of 6.3% for commercial premises and 0.6% for offices.
5. By city, prices increased in Rabat and Casablanca, by 3.9% and 0.6%, stagnated in Tangier and fell by 2.5% in Marrakech in Q4-2021.
