Marrakech Real Estate: Prices Dip 0.3% as Transactions Surge 10.8% in Q2
In the 2nd quarter of the year, the real estate asset price index in Marrakech (residential, land, professional use) fell 0.3% while transactions increased by 10.8%.
Compared to the previous quarter, the index shows a 0.3% drop in prices. The overall number of transactions, on the other hand, increased by 10.8%, according to BAM in a publication tracing the overall trend of the real estate market.
In detail, land prices fell by 1.2% during the period. Residential property prices, on the other hand, remained stable, while those of professional-use assets increased by 6.2%.
As for transactions, those concerning residential properties increased by 14.9% in the second quarter of the year, professional-use properties by 9.2%, while land transactions fell by 4.9%.
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