HomeEconomyPrice drop of 3.2% in 2021

Price drop of 3.2% in 2021

According to Bank Al-Maghrib (BAM) and the National Agency for Land Registry, Cadastre and Cartography (ANCFCC), the real estate asset price index (IPAI) depreciated by 3.2% over the set of the year 2021.

This evolution covers the decreases of 4% in the prices of residential assets, of 1.7% of those of land and of 4.3% of those of goods for professional use, specify BAM and ANCFCC in a note on the overall market trend. real estate during the 4th quarter of 2021.

The number of transactions, for its part, recorded an increase of 32.8% over the whole of 2021, and this after a year 2020 marked by the advent of the health crisis. This increase reflects increases of 26.1% for residential, 50.1% for land and 45.9% for goods for professional use, the note specifies.

In the fourth quarter of 2021, the IPAI fell by 6%, year-on-year, adds the note, specifying that the drop concerned all categories of goods, with rates of 7.6% for residential, 3 .7% for land and 5.2% for goods for professional use.

As for the number of transactions, it marked a decline of 14.7% reflecting drops of 16.8% for residential property, 16.5% for land and an increase of 6.5% for goods for professional use.

By asset class, residential asset prices depreciated by 7.6%, attributable to the decline in prices for apartments by 8.8%, houses (-3.2%) and villas (-7.1%). %), notes the said note, reporting a decline of 16.8% in the number of transactions, the result of the decline in sales of apartments by 17.6% and villas by 32.3% and an increase in sales of houses by 4.4%.

With regard to goods for professional use, their prices fell by 5.2%, year on year, with price drops of 6.3% for commercial premises and 0.6% for offices.

By city, BAM and ANCFCC report a quarter-on-quarter price increase in Rabat and Casablanca of 3.9% and 0.6%, price stagnation in Tangier and a drop of 2.5 % in Marrakech, compared to the previous quarter.




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