Resurgence in Marrakech's Real Estate Transactions
In a surprising turn of events, the Marrakech real estate market is experiencing a resurgence following a dramatic downturn at the beginning of the year. Recent data indicates that real estate transactions surged by 18.3% in the second quarter of 2026, accompanied by a modest price increase of 0.5%. This recovery is largely driven by a notable demand for houses and plots of land, signaling a renewed interest from buyers in the region.
According to the latest Real Estate Asset Price Index released by Bank Al-Maghrib and ANCFCC, the number of transactions soared between April and June 2026. This upward trend comes on the heels of a significant slowdown in the market during the first quarter, where sales plummeted by an astonishing 51.5%. Despite this current upswing, the market is still grappling with the effects of that initial decline, as the total volume of transactions remains approximately 43% lower than levels recorded at the end of 2025.
Sector Performance: Residential and Commercial Markets Diverge
The residential sector is showing signs of recovery, with sales increasing by 14.2% and prices rising by 1.1%. Notably, transactions for houses have seen the most significant growth, surging by 36.5%, alongside a 2.2% rise in prices. Similarly, apartment sales have also improved, with a 13.1% increase in transactions and a 0.7% uptick in prices. However, the villa market is experiencing a mixed bag; while sales have risen by 13.6%, prices have dipped by 1.3%, highlighting the varied dynamics within the sector.
On the other hand, the commercial real estate market presents a more complex picture. Urban land sales have skyrocketed by 37.8% over three months, despite a slight price dip of 0.1%. Conversely, commercial space transactions have risen by 27%, even as their prices fell by 0.5%. The office market, however, is facing a stark contrast, with prices climbing by 4% while sales have dramatically fallen by 44.2%. This divergence illustrates the contrasting trends within different segments of the real estate market in Marrakech.
With a total transaction increase of 18.3%, Marrakech has outperformed the national average, which stands at 11%. Nonetheless, this recovery remains partial, as it follows an unprecedented decline in the first quarter of the year. The latest figures indicate a gradual return to activity, yet they do not suggest a significant price surge across the entire market. The situation calls for continued monitoring as buyers cautiously re-enter the market, seeking opportunities amidst a landscape that is still recovering.
As reported by bladi.net.
