Rabat – The Moroccan real estate market showed a notable rebound in the third quarter of 2025, with the Property Asset Price Index (IPAI) rising 1.2% year-on-year, according to data from Bank Al-Maghrib (BAM) and the National Agency for Land Conservation, Cadastre, and Cartography (ANCFCC).
The growth was driven by increases across all major segments: residential properties rose 1.5%, land prices grew 1%, and professional-use properties advanced 1.4%. Transactions surged even more sharply, climbing 26.6% compared to the same period last year, with residential sales up 25.7%, land transactions up 21%, and professional-use properties seeing a remarkable 56.2% increase.
Quarter-on-quarter, the IPAI recorded a 1.1% increase, supported by residential prices rising 1.5%, land 1.3%, and professional-use assets 0.3%. Transaction volumes also improved 14% from the previous quarter, with residential sales up 15.7%, land sales up 9.3%, and professional-use properties increasing 12%.
Trends across cities
- Rabat: Prices rose 3.2%, driven by 3.4% growth in residential property and 3.2% in professional-use assets, while land prices fell 1.4%. Transactions jumped 27.4%, led by 26.1% growth in residential, 24.2% in land, and 48.8% in professional-use sales.
- Casablanca: Overall prices increased by 1.2%, with residential up 1.3% and land 1.7%, while professional-use assets remained stable. Sales climbed 23.7%, fueled by a 26.7% increase in residential transactions and 17.9% in professional-use, offset by an 8.5% drop in land sales.
- Marrakech: Prices edged up 1%, with residential up 1.4%, land 1.9%, and professional-use assets 0.1%. Transaction activity fell slightly by 0.5%, largely due to a 27.8% decline in professional-use property sales, though residential and land sales rose 0.6% and 7.9%, respectively.
- Tangier: The IPAI climbed 1.8%, supported by residential prices up 0.8% and land 4.3%, while professional-use property values dropped 5.2%. Transactions increased 19.4%, including 23.3% growth in residential and 7.2% in land sales, offset by a 4.2% decline in professional-use property sales.
The data reflect a strong resurgence in Morocco’s real estate market, with steady price growth and a marked uptick in transaction activity across most cities and property segments. Analysts point to the combination of recovering demand and stable investment interest as key drivers behind this momentum.
