Marrakech Real Estate Prices Dip, Transactions Plummet Amid COVID-19 Crisis

In the ochre city, according to the IPAI figures, apartment prices recorded a slight decline of -1.8% while transactions fell sharply by -26.7%.

According to Bank Al-Maghrib and the National Agency for Land Conservation, Cadastre and Cartography (ANCFCC), commercial property prices have slightly declined by -2.5% while transactions on this side have seen a considerable drop of -53.8%.

As for urban land prices, a decline of -4.7% was noted, while transactions in this segment fell by -68.6%. At the level of houses, prices fell by -12.6%, while transactions at this level experienced a dizzying drop of -73.5%.