Marrakech Real Estate: Prices Stagnate, Transactions Surge in Latest Quarter

The ochre city has been experiencing a stagnation of its prices as well as transactions for a few years now. In the 4th quarter of last year, prices nevertheless experienced a slight increase of 0.8% compared to the 3rd quarter, while recording a strong increase in transactions (+18.6%).

In detail, apartment prices rose 0.7% in the 4th quarter of 2018 and houses by 1.3%. On the other hand, villas saw their prices drop by 0.7% and urban land by 0.5%. The professional market is not necessarily doing better with declines of 0.5% for commercial premises and 2% for offices.

In terms of transactions, the figures published by the central bank show an increase of 18.6%. Those concerning apartments fell by 0.5%, while transactions for houses increased by 16% and villas by 44.6%, an explosion of transactions that is not necessarily reflected in prices. Urban land, on the other hand, saw the number of transactions increase by 62.5% in the last quarter of last year.

For professional properties, there is an increase of 19.1% for commercial premises, while no figures have been published for offices, either for price developments or transactions.