And they highlighted, in a note on the general trend of the real estate market for the first quarter of 2023, that this development is due to the rise in the prices of land plots (2 percent), property intended for professional use (3.7 percent), and the near-stagnation in residential property prices (0.00 percent). 1 percent).
The communication indicated that the number of real estate transactions recorded, for its part, an increase of 2.5 percent, to cover increases of 3 percent for residential properties, 3.5 percent for properties intended for professional use, and a stagnation for land plots.
By asset class, residential property prices declined by 0.1 percent, as a result of a 0.5 percent drop in villa prices and stagnant apartment and house prices, while the number of transactions increased by 3 percent, reflecting increases of 2.9 percent. for apartments, 20.6 percent for villas, and a decrease of 1 percent for homes.
As for property intended for professional use, its price increased by 3.7 percent, with an increase of 2.1 percent for shops and 7.1 percent for offices. As for real estate transactions, they increased by 3.5 percent, reflecting an increase of 1.8 percent in sales of shops, and a rise of 12 percent in sales of offices.
With regard to real estate prices, the note stated that they increased by 2 percent, while the number of transactions stagnated.
By cities, Bank Al-Maghrib and the National Agency for Real Estate Preservation, Cadastre and Mapping indicated that prices rose, on a quarterly basis, in the cities of Rabat and Marrakesh, by rates of 5 percent and 0.7 percent, respectively, while they recorded a decline in the cities of Casablanca and Tangier, by rates that amounted to successively. 0.1 percent and 0.7 percent, compared to the previous quarter.