Dince the start of confinement, the Covid-19 crisis has had its impact on the various segments of the national market and the real estate sector is no exception. However, a drop in prices is starting to be felt, a much-anticipated click to revive the sector.
On a year-over-year basis, property prices in Morocco fell 3.3%, with declines of 4% for residential assets, 2.7% for land and 1.3% for property for professional use, as evidenced by the real estate asset price index (IPAI) published Thursday, August 13 by Bank Al-Maghrib. A decrease mainly due to the collapse of transactions during the confinement period.
New keeps its prices
The volume of transactions thus fell by 42.8% compared to 2019, the result of a drop in sales for all categories, i.e. 38.2% for residential, 53.7%, etc.
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