Marrakech Real Estate Market Cools: Prices Drop, Transactions Plummet 53%

While land and commercial premises have seen their prices rise slightly, residential properties, such as apartments, houses and villas, have experienced a 1.2% drop, according to joint data from Bank Al-Maghrib (BAM) and the National Agency for Land Conservation, Cadastre and Cartography (ANCFCC).

This price decline is accompanied by a dizzying drop in transactions. The number of sales plunged by 53.5% compared to the previous quarter. All sectors are affected: residential property transactions decreased by 56.4%, land transactions by 34.1% and transactions of professional properties by 65.8%.

The real estate market in Marrakech, which has experienced significant dynamism in recent years, therefore seems to be going through a turbulent period. It remains to be seen whether this trend will be confirmed in the coming months.