The Moroccan real estate market confirms its recovery in the second quarter of 2026.
The Moroccan real estate market continued to show improvement in the second quarter of 2026, characterized by both an increase in property prices and a significant rise in transaction volumes. This development reflects a revitalization of activity across several segments of the market.
According to joint data from Bank Al-Maghrib and the National Agency for Land Conservation, Cadastre and Cartography (ANCFCC), the real estate price index rose by 0.7% year-on-year between April and June 2026.
This increase was primarily driven by the rise in residential property prices, which increased by 1%, while land prices rose by 0.3% and prices for commercial properties increased by 0.6%.
The recovery was also evident in transaction volumes, with the number of real estate sales increasing by 6.3% year-on-year, confirming an improvement in activity across multiple segments.
In detail, transactions involving residential properties rose by 3.9%, those for land increased by 4.1%, while transactions concerning commercial properties saw a significant surge of 31.9%.
Residential Segment Fueled by Rising Apartment Prices
In the residential segment, housing prices escalated by 1% year-on-year. This growth is mainly attributed to a 1.1% increase in apartment prices.
In contrast, house prices decreased by 0.7%, while villa prices fell by 0.3%.
Transaction-wise, the residential sector saw an increase of 3.9%, primarily bolstered by a 4.6% rise in apartment sales. Conversely, house transactions declined by 5.6%, while villa sales experienced a decrease of 7.1%.
Land and Commercial Real Estate on the Upswing
The land market recorded a moderate annual increase of 0.3% in prices, accompanied by a 4.1% increase in transaction volumes.
Meanwhile, the commercial real estate segment stood out for its strong dynamics. Prices increased by 0.6%, supported by a 0.4% rise for commercial spaces and a 2.9% rise for office spaces.
The activity in this segment experienced an even sharper acceleration, with transaction volumes soaring by 31.9%. Sales of commercial spaces increased by 30.8%, while office sales surged by 36.7%.
Quarterly Growth Also Observed
On a quarterly basis, the real estate price index increased by 0.7% in the second quarter of 2026.
Residential prices rose by 1%, land prices by 0.6%, and prices for commercial properties by 0.4%.
Overall transaction volume increased by 11% for the quarter, supported by a 6.3% increase in residential transactions, a 21.8% rise in land transactions, and a 23.5% growth in commercial properties.
Tanger Leads Price Increases
Geographically, Tanger recorded the highest quarterly price increase among the major cities monitored, with a rise of 2.3%. It was followed by Rabat (+1.9%) and Fès (+1.7%), while Kénitra saw a growth of 0.7%.
Prices also increased in Casablanca and Marrakech, both rising by 0.5%.
In contrast, the markets in Meknès and Oujda experienced a decline of 0.9%, while prices remained nearly stable in Agadir and El Jadida.
An Index Based on the Repeat Sales Method
The real estate price index is jointly developed by Bank Al-Maghrib and ANCFCC, using a methodology known as repeat sales.
This approach helps mitigate the impact of differences in property characteristics when assessing price trends. It focuses on properties that have undergone at least two transactions within the study period.
This methodology aims to provide a more representative measure of the actual trends in the Moroccan real estate market, allowing for better tracking of its evolution over time.
