Agadir Real Estate: Apartment Prices Stagnate as House Values Rise

Apartments, which represent a significant share of the market, have seen only a very slight price increase of 0.2% between the third and fourth quarters. This quasi-stagnation contrasts with the evolution observed for individual houses. The latter saw their value increase by 3.8% over the same period, according to the real estate asset price indices (IPAI), compiled by Bank Al-Maghrib and the National Agency for Land Conservation, Cadastre and Cartography (ANCFCC).

But it is on the villa side that the trend is the most pronounced, with a observed decline of 3.7%. This decline is worth noting and raises questions about the reasons for this relative disaffection. It is difficult, at this stage, to draw definitive conclusions, as data on urban land, commercial premises and offices are not available.

The volume of transactions, on the other hand, shows a significant increase. One indicator that can be taken into account is that of Apartments, up 85.7%. Houses follow the same trend, increasing by 65.2%. Villas have seen a 34.3% increase in transactions. The overall transactions are 89.9%.