Marrakech Real Estate Prices Edge Up 0.2% in Q2 2019, Land Values Rise

To be sure of being able to make good deals, potential investors in the real estate sector must refer to the overall trend of the real estate market in the 2nd quarter of 2019, as developed by the two aforementioned institutions.

Regarding the city of Marrakech, in particular, prices have risen slightly by 0.2%, reflecting a 0.5% increase for land and a 0.7% decrease for residential properties, as well as a stagnation for commercial properties, according to BAM. Transactions, on the other hand, grew by 7.6%, after a 34.7% decrease the previous quarter, in connection with a 24% increase in residential sales, while land and commercial property sales fell by 16.6% and 23.1% respectively, Bank Al Maghrib (BAM) indicates.

In more detail, apartment prices fell by 0.1% compared to the first quarter of this year. Meanwhile, real estate transactions saw a remarkable increase of 27%.

For houses, their price fell by 5.2% in the ochre city, while transactions increased by 17.0%. For villas, Bank Al Maghrib reports a 5.3% increase, while their transactions experienced a sharp 17.5% decline.

Regarding the urban land segment, there was a slight 0.5% increase, and a 16% decrease in transactions. For their part, commercial premises recorded a 0.6% increase, while the price fell sharply by 22.5%. For offices, the figures are not available.