Agadir Real Estate Market: Apartment Prices Drop, Villa Prices Rise Amid Declining Sales

In the capital of Souss, it is a stagnation that has been recorded in the real estate sector. But there are still major disparities between the types of properties marketed. Apartment prices have fallen by 1% compared to the first quarter of this year, while real estate transactions have seen a worrying drop of over 13.1%.

As for villas, their price in Agadir has increased on average by 1% while at the same time transactions have fallen by 17.6%. The reasons for this sharp decline are unknown, as it is not explained by the Index.

House prices in Agadir have increased by 4.1%, the same trend having been observed at the level of transactions for this segment since, according to the Index, they have increased by 15% during the second quarter, still compared to the first quarter of this year. It seems that buyers have abandoned the villas, which are undoubtedly much more expensive, to fall back on townhouses.

For the urban land segment, Bank Al Maghrib reports a 1% drop in prices and a 10.6% drop in transactions, according to the IPAI.

Regarding commercial premises, a sharp 30% drop was observed, according to this Note, while at the same time the price increased by 1%. For offices, the same trend is emerging with a decline in both transactions and price, 12.7% and 10.3% respectively.