The real estate asset price index (IPAI) appreciated in the second quarter of 2022 by 0.4%, year-on-year, said Bank Al-Maghrib (BAM) and the National Agency for Land Conservation, Cadastre and Cartography (ANCFCC).
This development is the result of the 1.8% increase in land and decreases of 0.2% in residential and 0.4% in goods for professional use, specify BAM and the ANCFCC in a note on the overall trend in the real estate market during the 2nd quarter of 2022. At the same time, the number of transactions fell by 22.5%, in connection with the 20.4% drop in sales of residential property and 37.7% of land . On the other hand, sales of goods for professional use increased by 7.2%.
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By asset category, residential prices depreciated by 0.2%, in line with the 0.5% drop in apartment prices. Conversely, the prices of houses and villas increased by 0.5% and 1.2% respectively. As for transactions, their number fell by 20.4%, reflecting drops of 21% for apartments, 10.5% for houses and 15.8% for villas.
With regard to land, prices rose by 1.8%, and the number of transactions fell by 37.7%, noted the said note. For their part, the prices of goods for professional use fell by 0.4%, with a fall in prices of 0.7% for commercial premises and a rise of 1.9% for offices. Transactions recorded an increase of 7.2%, the result of increases of 6.2% in sales of commercial premises and 12.5% of those of offices.
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Quarter-on-quarter, the IPAI was up 0.2% in Q2-2022, in line with the 0.3% increase in residential prices, 0.1% in land prices and 1.1 % of those for goods for professional use. As for the number of transactions, it increased by 4.6%, covering an increase of 8.1% for residential properties and decreases of 3.7% for land and 1.9% for residential properties. professional use.
By city, prices rose in Q2-2022 in Casablanca by 0.6% and in Rabat and Tangier by 0.8% each, while in Marrakech they fell by 0.3%.
With MAP