Morocco’s real estate market is demonstrating promising signs of recovery, supported by solid data. Cement sales surged by 7.2% by the end of August 2024, signaling a positive trend in the construction sector. Simultaneously, real estate transactions grew by 12.1% in the second quarter of 2024, driven largely by residential properties, which increased by 11.1%, and land sales, which soared by 25.6%. While the commercial property segment saw a slight decline of 2.3%, prices in this category still edged up by 0.4%.
Overall, the property price index fell by 0.4%, but this national figure conceals regional disparities. Rabat and Marrakech experienced stable pricing, whereas Casablanca saw a 5% rise in villa and land prices, while apartment prices dropped by 6%.
Mortgage lending in the real estate sector remained steady, with a slight growth of 1.7% by the end of July 2024. This stability is supported by moderate demand from individual buyers and strong interest from investors, reflecting renewed confidence in the property market.
Despite the potential impact of new tax regulations, which could affect market trends, these figures point to a solid recovery in Morocco’s real estate sector, bolstered by increasing confidence among investors and households.
