Rabat Airbnb growth outpaces Marrakech market slowdown Morocco
Rabat is establishing itself as Morocco’s most dynamic Airbnb market. Revenue there is growing by 11.1% year-on-year, while it is beginning to decline in Marrakech, which is facing a rapid multiplication of available properties.
The capital now has 2,213 active short-term rental listings, representing a 22.5% increase in one year. It also achieves the best market score among Moroccan cities studied by AirDNA: 97 out of 100.
On Bladi.net : Morocco’s Real Estate Market Heats Up: Rental Demand Surges as Supply Tightens
According to TelQuel, Rabat shows above all the strongest revenue growth, with an increase of 11.1%. The market still appears capable of absorbing the arrival of new properties.
Rabat still escapes saturation
The situation is different in Marrakech. The city remains by far Morocco’s leading market, with 12,311 active listings and an average annual revenue of 206,000 dirhams per property.
But this revenue is declining by 0.9% year-on-year. Supply is now increasing faster than demand, forcing property owners to share travelers among themselves more.
On Bladi.net : Airbnb empties Moroccan cities: residents driven out by tourist rentals
Rabat therefore does not necessarily generate more revenue than Marrakech per property. It performs better in terms of growth and currently presents a more balanced market, while competition is beginning to weigh on revenues in the ochre city.
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