Overview of the Real Estate Market Trends
According to recent reports from Bank Al-Maghrib and the National Agency for Land Conservation, Surveying and Mapping, the real estate asset price index experienced a year-on-year decline of 0.4% during the first quarter of 2026. This drop reflects a decrease in prices across various segments of the market, with residential properties and land prices falling by 0.6%, while professional-use properties faced a slight decrease of 0.1%. Such trends indicate a shifting landscape in the Moroccan real estate sector, signaling potential challenges for investors and stakeholders.
Transaction Volume and City-Specific Trends
In terms of transaction volumes, the market witnessed a substantial decline of 9.3%. Specifically, residential properties saw a significant drop of 10.7%, while land transactions decreased by 6.8%, and professional-use properties recorded a 3.6% decline. Notably, the capital city of Rabat experienced the steepest price drop at 4.7%, followed by Casablanca with a decrease of 2.7%, Marrakech at 1.5%, and Tangier, which saw a decline of 3.9%. The transaction rates further corroborate this downward trend, with Rabat seeing a staggering 55.4% reduction in transactions, Marrakech at 53.3%, Casablanca at 37.8%, and Tangier at 36.4%. These figures highlight the pressing challenges faced by the real estate market in Morocco.
On a quarterly basis, the real estate price index also declined by 2.4%, indicating that prices for all categories of properties are on a downward trajectory. Residential properties and land experienced a 3% drop, while professional-use properties saw a lesser decline of 0.8%. Concurrently, the number of transactions plummeted by 40.2% when compared to the fourth quarter of 2025, with residential sales down by 38.4%, land sales by 45.9%, and professional-use property sales by 40.2%. This comprehensive downturn in both prices and transactions reflects a critical juncture for the Moroccan real estate market, raising concerns about future developments and economic implications.
As reported by lakome2.com.
