Fez Real Estate Market Shows Mixed Trends in Q2 2023, Bank Al-Maghrib Reports

The spiritual capital has seen a slight drop in real estate prices of 0.2%. This decrease reflects contrasting dynamics between the different market segments.

Details by category:

• Apartments: A 1.0% drop in prices was accompanied by an 8.9% reduction in transactions.
• Houses: This segment recorded a drastic 13.8% drop in prices and a significant 66.7% decrease in sales.
• Villas: Despite a 3.4% drop in prices, transactions surprisingly increased by 66.7%.
• Urban land: This segment showed a modest 1.5% increase in prices, while transactions decreased by 6.6%.
• Commercial premises: Prices increased by 1.9%, but this was offset by a sharp 23.6% drop in sales.
• Offices: A slight 1.0% increase in prices is observed, accompanied by a 16.1% increase in transactions.