Agadir Real Estate Market Sees Mixed Trends: Apartment Prices Drop, Villa Sales Plummet

10 December 2023 – bySaid@Bladi · 1 min read

The real estate trends in Agadir for the third quarter have just been unveiled by Bank Al-Maghrib (BAM) and the National Agency for Land Conservation, Cadastre and Cartography (ANCFCC). Here is an analysis of the figures.

Apartments show a 2.3% drop in prices, accompanied by a sharp 14.3% drop in transactions. The traditional house market is no exception, with a 1.6% decrease in their value and a 13.6% drop in transactions.

While villa prices increased by 1.4% in the 3rd quarter, the number of transactions experienced a drastic 47.8% drop. The report published by BAM and ANCFCC does not explain this decline.

As for urban land, it recorded a 0.6% price increase and a 21.2% increase in the number of transactions.

On the other hand, the commercial premises sector presents a contrasting situation: a significant 9.9% increase in prices was noted, but a 15% decrease in transactions. As for offices, no figures (prices and transactions) were provided in the report.

Category: Economy

Keywords:

Real estate Agadir Bank Al-Maghrib National Agency for Land Conservation Cadastre and Cartography