Marrakech Real Estate: Mixed Trends as Apartment and House Prices Rise, Land Values Dip

– bySaid@Bladi · 1 min read
Marrakech Real Estate: Mixed Trends as Apartment and House Prices Rise, Land Values Dip

The real estate market in Marrakech has, as in the second quarter, experienced a slight drop in prices and the number of transactions. But, looking closer, some segments have seen contrasting trends.

According to Bank Al-Maghrib and the ANCFCC (National Agency for Land Conservation, Cadastre and Cartography), prices in Marrakech have slightly decreased by 0.5%, but this figure hides diverse realities depending on the type of property. Apartment prices have seen a small increase of 0.5%, while house prices have increased more markedly, with a 5.7% increase. For land, a 1.4% decrease was recorded.

Trend by type of property:

• Apartments and Houses: Apartments recorded a slight 0.5% increase in prices, but a significant 9.1% drop in transactions. Houses, on the other hand, saw a strong 5.7% increase in prices, despite an 8.3% drop in transactions.
• Villas: This segment shows a unique trend with a very slight 0.1% price increase, but a sustained 14.3% increase in transactions, showing, as in the secon