Compared to the previous quarter, the index shows a price drop of 0.3%. The overall number of transactions marked a decline of 10.5%, underlines BAM in a publication retracing the overall trend of the real estate market during the 1st quarter of 2022.
Compared to the 4th quarter of 2021, the price index shows a slight decline of 0.3%. An evolution which concerned the prices of residential (villas, apartments) and goods for professional use (commercial premises, offices) which fell by 3.7% and 2.5% respectively.
On the other hand, land prices remained unchanged while transactions fell by 11.2% quarter on quarter. Year-on-year, land prices fell by 2.9%, and the number of transactions fell by 15.7%, specifies BAM.
At the same time, the number of transactions fell by 10.5%, with drops of 9.8% for residential, 11.2% for land and 13.5% for goods for professional use.
Year-on-year, the IPAI depreciated by 4.9% compared to the 1st quarter of 2021, the result of decreases of 5.8% for residential, 2.9% for land and 8.6% for goods for professional use. As for the number of transactions, it fell by 9.3%, reflecting the decline in sales of residential property (villas, apartments) by 6.6%, land by 15.7% and property for professional use. (commercial premises, offices) by 11.9%.
Prices are rising in Marrakech
By city, BAM and the ANCFCC point out that prices in Casablanca fell by 1% from one quarter to another, the result of drops of 0.1% for residential, 1.6% for land and 6.3% for assets for professional use. Regarding sales, they marked a decline of 16.2%, reflecting declines in residential property (19.1%) and land (15.7%) transactions and an increase in those of assets for professional use (2 .3%).
Similarly, in Rabat, prices fell by 1.8%, covering decreases in the prices of residential property (1.6%) and land (10.8%) and an increase in those of assets for use. professional (14.9%). Ditto for transactions since they fell by 22.6%, reflecting the decline in sales of residential properties (21.9%), land (35.3%) and goods for professional use (18.2%). .
In Tangier too, the price index fell by 0.7%, in line with the declines of 1.1% for residential and 5.7% for assets for professional use and the rise of 0.3% for the lands. For their part, sales fell by 5.3%, covering a decline of 5.5% in residential properties and 28.7% in goods for professional use and an increase of 11.7% in land.
Conversely, in Marrakech, prices increased by 2% from one quarter to another, in line with the 0.3% increase in residential property prices and 3.6% in land prices. The prices of assets for professional use, on the other hand, fell by 2.1%. At the same time, transactions fell by 16.1%, reflecting that of all categories of property with 16.6% for residential property, 15.5% for land and 12.9% for property. for professional use.
