Here are five key points from the note by Bank Al-Maghrib (BAM) and the National Agency for Land Conservation, Cadastre and Cartography (ANCFCC) on the real estate asset price index (IPAI) and the overall trend of the real estate market in 2022:
1. The IPAI depreciated by 0.7% in 2022 compared to 2021,
2. Residential prices fell by 1.3%, while commercial property prices fell by 1.7%. Land prices increased by 0.7%,
3. The number of transactions decreased by 15.4% resulting from the decrease of 15.4% in sales of residential properties, of 18% in those of land and of 9.8% in those of properties for professional use.
4. Prices depreciated by 1.6% in Casablanca, by 0.3% in Rabat and by 1.4% in Tangier. They increased by 0.5% in Marrakech,
5. 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 prices of 0.7% and a stagnation in prices of commercial properties.
