
Moroccan Real Estate Prices Rise 0.9% in Q3 2019, Transactions Dip
Real estate asset prices in Morocco have slightly decreased during the third quarter of 2019.

Real estate asset prices in Morocco have slightly decreased during the third quarter of 2019.

The Directorate General of Taxes and the National Agency for Land Conservation have agreed to update the real estate reference framework. According to industry professionals, the new document now takes precedence over land mafia or the famous "Black".

As every quarter, Bank Al Maghrib and the National Agency for Land Registry, Cadastre and Cartography (ANCFCC) publish the key figures on sales and real estate transactions in the main Moroccan cities. Let’s look at the city of Marrakech .

In its note on real estate prices in the 4th quarter published a few days ago, Bank Al-Maghrib (BAM) and the National Agency for Land Conservation, Cadastre and Cartography (ANCFCC) report a slight increase of 0.3% nationwide. What about the major cities?

A drop in real estate prices was noted in the last quarter of 2018 in most Moroccan cities. In Agadir, however, prices have seen a slight increase, particularly for villas and commercial premises.