Morocco's property market stable, tourism growing
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Morocco´s housing market is holding up well. Residential property prices rose by 1% during the year to Q2 2012, based on the real estate price indexes (REPI) constructed by Bank Al-Maghrib and the National Land Registry Office. Apartments had the highest annual price increase, rising 2.3% y-o-y to Q2 2012. During the same period, house and villa prices fell 1.8% and 2.6%, respectively.
The volume of apartment sales rose by 10% y-o-y to 17,454 units in Q2 2012, accounting for around 61% of transactions for the quarter. Villa transactions rose 40% y-o-y to 472 units, while transactions of houses fell by 6.1% y-o-y, to 1,318 units.
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