[andrejunger]

As far as I see it it's still raising. In Casablanca and Rabat especially. I've bot an apartment in Casablanca 2 years ago in Gauthier (center) for 8 500 Dhs / sq meter, and sold it in july 13 500 Dhs / sq meter.
I've bought in september two new apartments (one in Casa and one in Rabat) and the prices are keeping on raising slowly. There is not much speculation in the economic cities and the economy is growing fast, so prices might be up for a fairly long time.
The loans are getting as well easier to get. Two years ago it took me 4 months to get a local loan with a 6,3% interest rate. Now there are brokers in Morocco and the interest rates are way below what they used to be. You can get something like 5,25 %, and you get dirhams (I prefer to repay my loan in dirhams than in euros). The most efficient I found was CAFPI morocco. They can not remove the obligation to bring a 30% down payment, but they arrange all the loan and get low interest rates. They also went in person with me for the signing at the bank.
They have a website in english but it's not fully translated. They have a mortgage simulation tool that I fancy a lot though (check out on their website : cafpi maroc)

As far as real estate agents, there are as well a lot of international real estate agents on site now, and I do like better this than what I had to deal with two years ago. At least you know what you are dealing with and you can be sure that the property you're about to buy is legally for sale (bad experience in the past...)

Andre