Moroccan residential property prices and transaction volumes have fallen sharply, according to joint data released by Bank Al-Maghrib and the National Agency for Land Conservation, Cadastre and Mapping (ANCFCC).
Apartment Prices and Transaction Drops in Q1 2026
Apartments, which remain the most frequently traded property type across Morocco, saw their prices decline by 2.7% over the quarter, according to Bank Al-Maghrib and ANCFCC figures reported by Bladi.net. Despite this downward price adjustment, buyer demand plummeted, with the number of apartment transactions dropping by 37.5%.
The market contraction hit larger, higher-end properties even harder. House sales dropped by 51.6%, while villa transactions plunged by 53.1%. Pricing for these luxury segments also retreated, with house prices falling by 2.7% and villa prices dropping by 6.4% during the same three-month window.
Year-Over-Year Real Estate Trends
Annual comparisons confirm a widening gap between property price adjustments and actual sales activity. When compared to the first quarter of 2025, overall residential prices slipped by just 0.6%, yet total residential transactions fell by 10.7%.
Transaction volumes for apartments decreased by 10% over the twelve-month period. The slowdown was more pronounced for detached housing, where house transactions dropped by 25.3% and villa sales declined by 13.6% compared to the previous year.
Across the broader real estate sector—including commercial properties and vacant land—the asset price index decreased by 2.4% in the first quarter of 2026. Total transaction volume across all categories contracted by 40.2%, pointing to a broader freeze in market liquidity.
Casablanca Market Slump
In major economic hubs like Casablanca, property prices experienced downward pressure while transactions plummeted. According to market data highlighted by Bladi.net, incremental price cuts have failed to entice prospective buyers back into the market.
Frequently Asked Questions
Why are Moroccan property sales falling despite price drops?
According to data from Bank Al-Maghrib and ANCFCC, modest price adjustments have not been sufficient to revive buyer demand, leading to a broader market freeze where transactions drop significantly for apartments and larger homes.
Which property types experienced the steepest sales declines?
Villas and houses recorded the sharpest drops in sales volume during the first quarter of 2026, with villa transactions falling by 53.1% and house transactions decreasing by 51.6% year-over-quarter.
What is the overall trend for the broader real estate market?
Total transaction volume across all real estate categories—including land and commercial spaces—contracted by 40.2% in the first quarter of 2026 compared to the previous quarter, while the overall asset price index fell by 2.4%.