Morocco's Real Estate Market Continues to Bleed
-
Loading... - Grant Berger
- 27 Jul 2022
- 115 Views
- 0 Like
- 0 Comment
Real estate assets continue to decrease in value in Morocco, sliding by 0.3% over the first quarter (Q1) of 2022.
A quarterly report from Morocco’s central bank, Bank Al-Maghrib (BAM) indicates that real estate assets value has decreased by as much as 4.9% compared to last year.
Morocco’s professional real estate assets were hit the hardest as the value of their assets fell by a year-on-year average of 8.6%. Professional assets continued to decline in value at the end of Q1 of 2022 but at a slower pace of 2.5%.
The downward trend extended to residential real estate as well, as the assets fell by a year-to-year average of 5.8% at the end of Q1 of 2022, according to BAM data.
Echoing the performance of real estate assets value, real estate-related transactions took a 10.5% nosedive at the end of the first quarter. Underpinning the notable decline is the 13.4% quarterly decline in professional real estate-related transactions, BAM data indicates. Read More...
