HIBAPRESS – Meknes
The real estate market in the city of Meknes is experiencing a state of stagnation and anticipation, in light of the decline in demand for housing purchases, after current prices have become beyond the reach of a large segment of citizens. Many prospective buyers prefer to postpone their decisions, hoping for a price decrease in the coming period.
Despite weak demand, the prices of a number of properties in Meknes are still maintaining their high levels, especially in some new neighborhoods and housing projects, which deepens the gap between prices and purchasing power. In contrast, some real estate developers and owners prefer to stick to current prices, awaiting an improvement in market activity and the return of demand.
Faced with the continuation of this situation, citizens are waiting to see if the prolonged period of stagnation will push property owners and developers to review prices and offer deals more suited to purchasing power. Between prices clinging to their current levels and buyers waiting for any better opportunity, the real estate market in Meknes remains in a state of anticipation for what the next phase will reveal.
