Prices down 4.9% in Q1-2022

The real estate asset price index (IPAI) depreciated in the first quarter of 2022 by 4.9%, year-on-year, indicate Bank Al-Maghrib (BAM) and the National Agency for Land Registry, Cadastre and Land Registry. cartography (ANCFCC).

The fall in prices reflects falls of 5.8% for residential, 2.9% for land and 8.6% for goods for professional use, specify BAM and ANCFCC in a note on the overall market trend real estate during the 1st quarter of 2022.

For its part, the number of transactions fell by 9.3%, reflecting the decline in sales of residential property by 6.6%, land by 15.7% and property for professional use by 11.9%. know the rating.

By asset class, residential prices depreciated by 5.8%, the result of price declines of 6.6% for apartments and villas and 2.4% for houses. As for transactions, their number fell by 6.6%, reflecting decreases of 6.7% for apartments, 4.6% for houses and 8.2% for villas.

With regard to goods for professional use, their price fell by 8.6%, with price drops of 6.8% for commercial premises and 13.5% for offices. Transactions, for their part, fell by 11.9%, the result of decreases of 13.4% in sales of commercial premises and 4.1% of those of offices.

For their part, land prices fell by 2.9%, and the number of transactions fell by 15.7%, said note.

By city, BAM and ANCFCC show that prices fell, quarter on quarter, in Casablanca, Rabat and Tangier by 1%, 1.8% and 0.7%, respectively, while in Marrakech , they recorded an increase of 2%, compared to the previous quarter.

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