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Agadir's property market is experiencing a significant recovery phase with transaction volumes surging by nearly 90% in 2024. The coastal city attracts a diverse mix of local buyers, Moroccan expatriates, and European investors, particularly in the premium and beachfront segments.
Current property prices show apartments averaging 12,800 MAD per square meter in the city center and 9,400 MAD per square meter in suburban areas, with houses averaging 14,281 MAD per square meter. The market demonstrates steady annual growth of 3-5% over recent years, though rental yields at 4.82% remain below Morocco's national average of 6.72%.
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Agadir's property market shows strong momentum with 2024 transaction volumes up 89.9% year-over-year, driven by European investment and infrastructure development.
Property prices demonstrate steady growth at 3-5% annually, with luxury coastal properties outperforming standard residential segments.
| Property Type | Average Price (MAD/m²) | Annual Growth Rate |
|---|---|---|
| City Center Apartments | 12,800 | 3-5% |
| Suburban Apartments | 9,400 | 0.2% |
| Standard Houses | 14,281 | 3-5% |
| Luxury Villas | 20,000-30,000 | 7-10% |
| Beachfront Properties | 25,000+ | 7-10% |
What are the current average prices per square meter for apartments and houses in Agadir?
As of September 2025, Agadir's residential property prices show clear geographical distinctions across different neighborhoods and property types.
City center apartments command premium prices at 12,800 MAD per square meter, reflecting the convenience and urban amenities of central locations. Suburban apartments offer more affordable entry points at 9,400 MAD per square meter, making them attractive for both local buyers and investors seeking better value propositions.
Standard houses across Agadir average 14,281 MAD per square meter, while luxury villas reach significantly higher price points between 20,000-30,000 MAD per square meter. Premium beachfront properties and developments near Taghazout Bay command the highest valuations in the market.
The price differential between city center and suburban areas reflects Agadir's urban development pattern, with the most expensive properties concentrated in central districts and along the coastline. Middle-income housing options remain available in developing suburban zones.
How have property prices changed over the past five years in Agadir?
Agadir's property market has demonstrated consistent but moderate growth over the past five years, with annual price appreciation averaging 3-5% across most property categories.
The growth pattern shows notable variation by property segment. Luxury villas and beachfront properties have outperformed the market with annual growth rates of 7-10%, particularly in tourist-oriented districts near Taghazout Bay and the Marina area. These premium segments benefit from strong international demand and limited coastal inventory.
Standard apartments have shown more modest performance, with city center units maintaining steady 3-5% annual growth while suburban apartments have experienced near-stagnant conditions at approximately 0.2% annual growth over the past three years. This reflects different demand dynamics between urban convenience and suburban affordability segments.
Houses have generally tracked the market average with 3-5% annual appreciation, though some luxury house segments have seen isolated quarterly declines during slower periods. Overall, the five-year trend indicates steady capital appreciation without the volatility seen in some emerging markets.
What is the current rental yield in Agadir compared to Morocco's national average?
Agadir's rental market produces a gross rental yield of 4.82% overall, which underperforms Morocco's national average of 6.72% as of Q2 2025.
The yield breakdown shows apartments typically generating 4.4-5.19% returns, while select villa segments can achieve significantly higher yields of 6-12%, particularly properties targeting tourism and short-term rental markets. These higher-performing properties are concentrated in beachfront locations and areas with strong vacation rental demand.
The lower-than-average yields reflect Agadir's premium property valuations relative to rental income potential. Properties purchased primarily for capital appreciation may accept lower immediate yields in exchange for stronger long-term price growth prospects, especially in coastal and luxury segments.
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How many new construction projects are currently under development in Agadir?
Agadir is experiencing significant construction activity driven by major infrastructure projects and tourism development initiatives throughout 2025.
Large-scale residential and commercial developments are concentrated along the coast and adjacent to major tourism infrastructure, with several thousand new housing units expected from current construction pipeline. The Taghazout Bay mega-project represents one of the most substantial development initiatives, creating new residential communities and commercial facilities.
Master-planned districts under development focus primarily on mixed-use communities that combine residential, commercial, and tourism facilities. These projects target both permanent residents and the growing vacation home market, particularly European buyers seeking second homes in Morocco.
While precise unit counts for delivery in the next two years are not publicly specified, the scale of active development suggests substantial new supply entering the market. Infrastructure upgrades accompanying these projects are expected to support broader neighborhood development and property value appreciation.
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What is the current vacancy rate for residential properties in Agadir?
Comprehensive vacancy rate data for Agadir's overall residential market is not widely published, though available indicators suggest generally healthy occupancy levels across different property segments.
Short-term rental properties show approximately 50% occupancy rates, indicating a 50% vacancy rate specifically for the Airbnb and vacation rental segment. This high vacancy rate in short-term rentals reflects seasonal tourism patterns and the competitive nature of the vacation rental market.
Long-term residential vacancy appears more favorable based on rising transaction volumes and sustained demand from both local residents and international buyers. The significant increase in property transactions during 2024 suggests healthy absorption of available inventory.
Market indicators point to moderate long-term vacancy rates for citywide residential stock, supported by population growth, infrastructure development, and continued foreign investment interest. However, investors should carefully evaluate specific neighborhoods and property types before making investment decisions.
Who are the main buyers driving demand in Agadir's property market?
Agadir's property market attracts three primary buyer segments, each targeting different property categories and price points throughout the city.
Local residents represent the majority of buyers in standard housing segments, focusing on affordable apartments and houses in suburban areas and non-beachfront locations. This segment drives demand for functional family housing and middle-income residential developments.
Moroccan expatriates form a significant buyer group, particularly for premium properties that serve as investment vehicles or future retirement homes. European investors, especially French, German, and Belgian nationals, dominate the luxury and coastal property segments with foreign buyer activity increasing 30% since 2020.
Foreign investors concentrate their purchasing power in beachfront properties, luxury villas, and tourism-oriented developments near Taghazout Bay and the Marina. While exact percentage breakdowns are not officially published, foreign and expatriate buyers account for a substantial portion of premium segment transactions.
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How many property transactions occurred in Agadir during 2024?
Agadir's property market experienced a remarkable rebound in 2024, with total market transactions increasing by 89.9% compared to 2023 levels.
The transaction breakdown shows strong performance across all property categories. Apartment transactions surged by 85.7%, indicating robust demand for urban residential units. House transactions increased by 65.2%, reflecting sustained interest in family housing options.
Villa transactions grew by 34.3%, demonstrating continued appetite for luxury properties despite their higher price points. This growth pattern suggests broad-based market recovery following slower periods in previous years.
The dramatic increase in transaction volumes reflects pent-up demand from the post-pandemic period, combined with renewed confidence in Agadir's long-term development prospects. Infrastructure improvements and tourism sector recovery have supported this market revival across multiple property segments.
What is the forecasted population growth for Agadir through 2035?
Specific population growth forecasts for Agadir extending to 2035 are not currently available in published market reports and official demographic projections.
Available market analysis emphasizes ongoing demand growth expectations driven by infrastructure development and economic initiatives aimed at establishing Agadir as a premier coastal destination in Morocco. These developments suggest positive population trends supporting residential property demand.
The city's strategic positioning as a tourism and business hub, combined with ongoing mega-projects like Taghazout Bay, indicates planners expect substantial population increases over the next decade. Government investment in infrastructure and amenities supports expectations for continued residential growth.
For precise demographic projections and population targets, investors should consult official government planning documents and municipal development reports that provide detailed population forecasting data for investment planning purposes.
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How much foreign investment flows into Agadir's real estate sector annually?
Foreign direct investment in Agadir's real estate sector has increased substantially, though exact annual FDI figures and detailed nationality breakdowns are not specified in current market reports.
European nationals represent the most prominent foreign buyer group, with French, German, and Belgian investors leading new sales activity in premium developments. This European interest has grown significantly since 2020, supporting luxury and coastal property segments.
The investment flows concentrate in high-value developments including beachfront properties, luxury villas, and mixed-use tourism projects. Foreign capital particularly targets properties with tourism rental potential and long-term capital appreciation prospects in prime coastal locations.
Official investment registration reports would provide precise annual FDI amounts and detailed buyer nationality statistics for comprehensive market analysis. Current trends indicate sustained foreign interest supporting premium segment development and pricing.
What are current mortgage rates and their impact on local buyer affordability?
Mortgage interest rates in Morocco currently range between 4.5-6% APR, though specific current rates for September 2025 require verification with local financial institutions.
Affordability challenges persist for local buyers as property price growth continues outpacing wage growth, particularly in coastal and luxury market segments. This dynamic creates a two-tier market where international buyers compete more effectively for premium properties.
Local buyers increasingly focus on suburban apartments and standard housing categories where prices remain more aligned with domestic income levels. The 9,400 MAD per square meter suburban apartment segment provides the most accessible entry point for Moroccan residents.
Financing availability and terms significantly influence local buyer participation in the market. Government housing programs and developer financing options help bridge affordability gaps for middle-income buyers seeking property ownership in Agadir.
How long does it take to sell a property in Agadir compared to five years ago?
Specific data on average days to sell properties in Agadir is not available in current market reports, though transaction volume trends provide insights into market liquidity changes.
The 89.9% increase in total transactions during 2024 suggests significantly faster sale times compared to previous years when market activity was more constrained. Higher transaction volumes typically correlate with reduced time on market across property categories.
Premium and beachfront properties likely experience faster sales due to strong international buyer interest, while standard residential properties may require longer marketing periods depending on pricing and location factors.
The market recovery and increased buyer activity indicate improved liquidity compared to slower periods five years ago when sales cycles could be protracted. Current market conditions favor sellers with appropriately priced properties in desirable locations.
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What do analysts forecast for Agadir property prices over the next five years?
Property price forecasts for Agadir through 2030 present three distinct scenarios based on different economic and market development assumptions.
The optimistic scenario projects 6-7% annual growth, supported by strong tourism sector development, continued foreign direct investment, and successful completion of major infrastructure projects. This scenario assumes sustained international buyer interest and effective tourism marketing.
Moderate forecasts anticipate 3-5% annual growth, reflecting steady but conservative market development with balanced supply and demand dynamics. This scenario accounts for normal economic conditions and gradual tourism sector growth without major disruptions.
Pessimistic projections suggest 0-2% annual growth or potential market stagnation if oversupply conditions develop or tourism sector faces significant disruptions. This scenario considers risks from excessive construction activity or external economic shocks affecting buyer demand.
Coastal and luxury property segments are expected to outperform market averages even in moderate scenarios, benefiting from limited beachfront inventory and sustained international buyer interest. Premium properties near completed infrastructure projects show strongest forecast confidence across all scenarios.
Conclusion
This article is for informational purposes only and should not be considered financial advice. Readers are advised to consult with a qualified professional before making any investment decisions. We do not assume any liability for actions taken based on the information provided.
Agadir's property market demonstrates strong recovery momentum with 2024 transaction volumes nearly doubling compared to previous years.
Investors should focus on coastal and luxury segments for optimal growth potential, while considering rental yield limitations compared to Morocco's national average.
Sources
- Agadir Price Forecasts - Sands of Wealth
- Agadir Real Estate Prices - Agenz
- Agadir Real Estate Market Analysis - Bladi
- Morocco Rental Yields - Global Property Guide
- Agadir Property Market - Sands of Wealth
- Agadir Airbnb Market Data - Airbtics
- International Real Estate Trends - LinkedIn
- Morocco Price History - Global Property Guide