The Central Bank revealed a 13.1% decrease in the number of real estate transactions, with a fall of 14.8% for residential properties and 29.2% for properties for professional use. On the other hand, land sales recorded an increase of 3.4%. According to the document published by his services, the real estate asset price index for the third quarter of 2024 fell by 0.4%, a drop mainly attributed to the reduction in residential property prices (–0.5%), land (–0.6%) and professional property (–0.9%).
The real estate asset price index fell by 0.2%, driven by respective declines of 0.4% for land and 0.7% for professional property, while residential property prices were lower. remained stable. However, the number of transactions fell by 28.9%, with declines of 30.4% for residential property, 15.9% for land and 41.1% for business property.
Regarding residential properties, the report noted relative stability, with a 0.6% increase in house prices, stability in apartment prices and a 0.9% decline in villa prices. In terms of transactions, a fall of 30.4% was recorded, with respective decreases of 31.4% for apartments, 11.2% for houses and 22.8% for villas.
Residential property prices fell by 0.5%, driven by a reduction in the prices of apartments (–0.4%), houses (–0.8%) and villas (–1.9%). . The number of transactions also fell by 14.8%, with declines of 14.9% for apartments, 12% for houses and 20.1% for villas.
Same trend for land
Regarding land, the report indicated a decrease in prices of 0.4% and a reduction in the number of transactions of 15.9% compared to the previous quarter. On an annual basis, land prices decreased by 0.6%, while the number of transactions increased by 3.4%.
The data also revealed a fall in the business goods price index of 0.7%, with a decrease of 0.4% for retail and 4% for offices. The number of transactions fell by 41.1%, with declines of 43.7% for retail and 29.2% for offices.
On an annual basis, prices fell by 0.9%, driven by respective drops of 0.7% for retail and 2.4% for offices, while the number of transactions fell by 29.2 %, with a decrease of 31.8% for retail sales and 17.7% for offices.
Prices fell by 0.6% and transactions fell by 25.1% in Rabat, while in Casablanca prices fell by 1% and sales fell by 30.1%.
The same trends were observed in Marrakech where prices fell by 0.5% and transactions fell significantly by 53.5%. In Agadir, despite a price increase of 0.7%, sales decreased by 43.1%. In Tangier, prices remained almost stable (–0.1%), while sales decreased by 9.6%.
