Morocco’s real estate market is gaining momentum once again, boosted by a significant rebound in activity during the third quarter of 2025. According to joint data released by Bank Al-Maghrib and the National Land Registry Agency, property prices across the country rose by 1.2% compared to the same period last year.
Residential real estate continues to drive the upward trend, with average prices increasing by 1.5%. Land prices followed with a 1% gain, while commercial and professional properties posted a 1.4% rise. The spike in sales activity is even more striking: total transactions across all categories jumped by 26.6% year-on-year. Residential properties saw a 25.7% increase in deals, land sales rose 21%, and professional spaces experienced a massive 56.2% surge, underscoring a broad revival in demand.
Compared to the previous quarter, property prices climbed 1.1%. Residential assets again led the charge with a 1.5% rise, land followed closely at 1.3%, while commercial property prices barely moved, edging up just 0.3%.
Sales volumes over this period also increased significantly, with a 14% overall rise in transactions. Housing deals were up 15.7%, land sales advanced by 9.3%, and professional property transactions rose by 12%, highlighting a balanced growth across sectors.
Among major cities, Rabat stood out with a quarterly price increase of 3.2%, fueled by strong gains in residential property (up 3.4%) and professional spaces (up 3.2%), while land values dipped by 1.4%. The capital also showed robust sales activity, with the number of transactions up 27.4% across all property types.
Casablanca followed with a more moderate price growth of 1.2%, bolstered by a 1.3% increase in residential prices and a 1.7% rise in land. Commercial property values, however, remained flat. On the sales side, Morocco’s largest city recorded a 23.7% increase in transactions, driven by a 26.7% surge in residential sales and a 17.9% rise in commercial properties, while land sales fell by 8.5%.
In Marrakech, property prices rose by 1%, led by the residential sector with a 1.4% gain and land with 1.9%. Commercial prices remained nearly unchanged at just 0.1%. However, the overall number of transactions declined slightly by 0.5%, largely due to a steep 27.8% drop in sales of professional spaces. This setback outweighed modest increases in residential sales (up 0.6%) and land deals (up 7.9%).
Tanger posted the highest overall price increase among major cities, with a 1.8% rise. Land prices soared by 4.3%, residential property inched up by 0.8%, while commercial assets took a hit, falling by 5.2%. Despite that, sales activity in the northern port city grew by 19.4%, led by a 23.3% jump in residential deals and a 7.2% uptick in land transactions. Commercial sales, however, slipped by 4.2%.
The data paints a picture of a real estate market firmly back on its feet, with residential demand leading the recovery and professional property making a notable comeback in several key urban centers. Still, the uneven performance across cities and segments suggests investors and developers will need to remain attentive to local dynamics as the market continues to evolve.
