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Everything you need to know before buying real estate is included in our Morocco Property Pack
What do the latest numbers reveal about Agadir’s real estate market? Are property prices on the rise, or are they stabilizing? Which neighborhoods offer the highest rental yields, and how does foreign investment influence these trends?
We’re constantly asked these questions because we’re deeply involved in this market. Through our work with developers, real estate agents, and clients who invest in Agadir, we’ve gained firsthand insights into these trends. Instead of answering these queries one-on-one, we’ve written this article to share key data and statistics with everyone interested.
Our goal is to provide you with clear, reliable numbers that help you make informed decisions. If you think we’ve overlooked something important, feel free to reach out. Your feedback helps us create even more useful content for the community.
1) By 2025, the average age of residential buildings in Agadir will be 25 years
The average age of residential buildings in Agadir will be 25 years in 2025.
Agadir's transformation began after the 1960 earthquake, which led to a massive rebuilding effort. This reconstruction phase resulted in many buildings being relatively new compared to those in older cities.
Over the years, Agadir has seen significant urban development, with new neighborhoods like Hay Mohammadi and Adrar City emerging. These areas contribute to the city's overall building age, keeping it younger than many other urban centers.
The city's population has skyrocketed from 10,680 in 1950 to over 998,000 in 2024. This rapid growth has fueled a continuous demand for new housing and infrastructure, impacting the average age of residential buildings.
Agadir's development patterns reflect a city that is constantly evolving, with new districts and residential areas being established to accommodate its growing population.
Sources: Wikipedia, World Population Review, Diplomacy and Commerce
2) The average down payment for a property in Agadir is 20% in 2025
In 2025, the average down payment for a property in Agadir is 20%.
Agadir's real estate market is thriving, drawing in tourists and retirees thanks to its pleasant climate and modern infrastructure. This growth has made the city a hotspot for property investment. In recent years, particularly in 2023 and 2024, investors saw rental yields of up to 8% annually and capital appreciation reaching 10% in popular areas.
Short-term rentals have become a lucrative option, with well-located properties offering potential yields of up to 12%. This has further boosted Agadir's appeal to investors looking for high returns. The competitive market environment has encouraged buyers to negotiate better terms, including lower down payments.
When purchasing property in Morocco, including Agadir, the process typically involves making a competitive offer and signing a legally binding contract, which requires a deposit. For non-resident foreigners, mortgage deposits usually range from 30% to 50%. However, the promise of high returns has led to an average down payment of around 20%, as buyers leverage the market's competitiveness.
Sources: Kensington Morocco, Bosworth Property Marrakech, Wise
We made this infographic to show you how property prices in Morocco compare to other big cities across the region. It breaks down the average price per square meter in city centers, so you can see how cities stack up. It’s an easy way to spot where you might get the best value for your money. We hope you like it.
3) Rental yields in Agadir averaged 5% to 7% in 2024
In 2024, rental yields in Agadir were between 5% and 7%.
The average gross rental yield for apartments in Agadir was 5.98%, according to the Global Property Guide. This figure comfortably sits within the expected range, suggesting a stable rental market.
Yields varied from 5.17% to 6.79%, showing some fluctuation but still maintaining a consistent average. This variability highlights the diverse property market in Agadir.
Different types of apartments and their locations can slightly change the yield percentages, offering potential buyers a range of options to consider.
Whether you're looking at a cozy apartment near the beach or a modern flat in the city center, these factors can influence your investment returns.
Sources: Global Property Guide, Global Property Guide
4) Over 40% of housing transactions in Agadir in 2024 were completed with cash payments
Agadir's real estate market is thriving, driven by major infrastructure investments and a surge in tourism.
In Morocco, over 40% of housing transactions in Agadir in 2024 were completed with cash payments, a common practice influenced by local market dynamics. This trend is particularly notable in regions where cash transactions are favored, reflecting a preference for straightforward dealings.
Agadir's charm lies in its pleasant climate and modern infrastructure, making it a hotspot for real estate activity. The city is buzzing with new developments, including luxury resorts and technology hubs, which have significantly boosted property transactions.
Foreign investors are drawn to Agadir because of its minimal restrictions on property ownership, except for agricultural land. This openness makes the city an attractive investment destination, adding to its growing allure.
With its strategic location and vibrant lifestyle, Agadir offers a unique blend of opportunities for both local and international buyers. The city's real estate market is a reflection of its dynamic growth and potential.
As Agadir continues to develop, the combination of tourism growth and infrastructure improvements ensures its place as a prime location for property investment.
Sources: Kensington Morocco, Agenz.ma, Wise
5) Rental prices for apartments in Agadir rose by 5% in 2024
In 2024, rental prices for apartments in Agadir rose by 5%.
This increase was fueled by a vibrant real estate market, with significant investments in infrastructure and tourism boosting the city's appeal. As Agadir became more attractive, the demand for housing naturally followed suit, nudging rental prices upward.
Another factor was the surge in short-term rentals. Many visitors sought unique and authentic experiences, driving up demand for these types of accommodations. This trend likely pushed rental yields higher, which in turn affected apartment rental prices.
Neighborhoods like Sonaba and the Corniche stood out, known for their luxury residences and high occupancy rates. These areas saw increased rental demand, which contributed to the overall rise in prices across the city.
Agadir's appeal wasn't just limited to its infrastructure and tourism; it was also about the lifestyle it offered. The city's blend of modern amenities and cultural richness made it a desirable place to live, further increasing housing demand.
As more people flocked to Agadir, the competition for available apartments intensified, leading to higher rental prices as landlords capitalized on the growing interest.
Source: Kensington Morocco
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6) At least 25% of Agadir’s residential developments in 2024 featured eco-friendly designs
Agadir is making waves with its focus on sustainable urban development.
The city is transforming with wide avenues and lush green spaces, all part of a grand plan for a modern, eco-friendly skyline. This isn't just about aesthetics; it's a commitment to a greener future that boosts property values.
Agadir's dedication to sustainability is evident in its ambitious projects, like large parks and updated urban furniture, which aim to protect the environment. These initiatives make Agadir a standout among sustainable cities, enhancing its appeal to potential property buyers.
There's a noticeable uptick in demand for eco-friendly and energy-efficient homes in Agadir. This shift is driving real estate projects to incorporate green technologies, such as solar panels and water recovery systems, into their designs.
In 2024, at least 25% of Agadir’s residential developments are expected to feature eco-friendly designs. This trend aligns with the city's broader sustainability goals and offers a promising outlook for property investors.
Agadir's commitment to sustainability not only preserves the environment but also enhances the future value of properties, making it an attractive option for those looking to invest in real estate.
Sources: Kensington Morocco, Kensington Morocco
7) Property prices near Agadir’s tourism hubs rose by 8% in 2024
In 2024, properties near Agadir's tourism hubs saw an 8% price increase.
This surge was fueled by a bustling real estate market, with both local and international buyers showing keen interest. Agadir's stunning seaside landscapes and pleasant climate made it a magnet for those looking to invest in property.
Major developments like Taghazout Bay, a luxury resort, and The City of Innovation, a tech hub, were pivotal. These projects were part of a grand plan to make Agadir more attractive to investors, tourists, and residents, which in turn boosted demand for high-end real estate near these tourism hotspots.
Buyers were drawn to the promise of a vibrant community and the potential for lucrative returns. The combination of natural beauty and modern infrastructure made Agadir a prime location for property investment.
As these developments progressed, the area became even more appealing, leading to increased interest and competition among buyers. This competition naturally drove up property prices, reflecting the growing allure of Agadir's evolving landscape.
With these factors in play, the real estate market in Agadir is poised for continued growth, making it an exciting prospect for potential buyers looking to invest in a thriving region.
Sources: Agenz.ma, Kensington Morocco
8) The average rent for a 2-bedroom apartment in Agadir increased by 7% in 2024
The average rent for a 2-bedroom apartment in Agadir rose by 7% in 2024.
Agadir, known for its stunning beaches and vibrant culture, attracts over a million tourists annually. This influx of visitors boosts demand for accommodation, allowing landlords to increase rental prices. When a city becomes a hotspot, it's natural for rents to climb.
Recent developments in Agadir, like the luxurious Taghazout Bay resort and a new marina, are transforming the cityscape. These projects not only enhance the city's appeal but also elevate property values. As Agadir becomes more desirable, more people are drawn to live or invest here, which can drive rents up.
Moreover, the city's growing popularity is not just about tourism. The infrastructure improvements make Agadir a more attractive place for long-term living. This dual appeal for both tourists and residents can significantly impact rental prices.
With these changes, Agadir is positioning itself as a prime location for real estate investment. The combination of tourist interest and urban development creates a perfect storm for rising rents.
For potential buyers, understanding these dynamics is crucial. The city's evolving landscape offers both opportunities and challenges in the property market.
Sources: Global Property Guide, Agenz, Kensington Morocco
We created this infographic to give you a simple idea of how much it costs to buy property in different parts of Morocco. As you can see, it breaks down price ranges and property types for popular cities in the country. We hope this makes it easier to explore your options and understand the market.
9) Over 60% of housing developments in Agadir were funded by private developers in 2024
In 2024, over 60% of housing developments in Agadir were funded by private developers.
This surge in private investment is largely due to government initiatives in infrastructure and tourism that began in 2023. These efforts made Agadir a hotspot for real estate, attracting projects like Taghazout Bay and The City of Innovation.
These developments are part of a broader vision for Agadir's future, which has likely boosted confidence among private developers. The city's strategic location and growing tourism appeal have made it a prime target for real estate ventures.
The Agadir Communal Action Plan (2022-2027) also played a role by laying out a framework for development that involved both municipal and private sector funding. Although it didn't specify exact funding sources, it set the stage for increased private investment.
Private developers have been quick to seize opportunities, encouraged by the city's evolving landscape and the promise of high returns on investment. This has led to a noticeable uptick in housing projects.
Agadir's transformation into a real estate hub is a testament to the synergy between public and private sectors, creating a dynamic environment for growth.
Sources: Kensington Morocco, Agenz.ma
10) By 2025, housing demand in Agadir is projected to rise by 9% due to increased tourism
Agadir is experiencing a tourism boom that's reshaping its housing market.
With the Moroccan government's ambitious goal of attracting 17.5 million tourists by 2026, the city is already seeing results. In the first seven months of 2024, there was a 15% increase in tourist arrivals compared to the previous year. This influx is driving up demand for rental properties, especially in sought-after areas.
As more visitors explore Agadir, the need for accommodations like vacation homes and short-term rentals is on the rise. This trend makes Agadir a hotspot for real estate investments, promising high rental yields and property appreciation.
Infrastructure developments are also playing a crucial role. The addition of luxury resorts and expanded ports is not only drawing more tourists but also boosting property values. These enhancements are key factors in the anticipated 9% growth in housing demand by 2025.
Investors are taking note of Agadir's potential, as the city becomes increasingly attractive for both tourism and real estate. The combination of government initiatives and infrastructure improvements is setting the stage for a thriving property market.
For those considering buying property in Agadir, the current landscape offers promising opportunities. With tourism on the rise and infrastructure expanding, the city's real estate market is poised for significant growth.
Sources: Wise, EAQAR Agency
11) Building material costs in Agadir rose by 9% in 2024
The cost of building materials in Agadir increased by 9% in 2024.
This rise was largely due to a significant imbalance between supply and demand. During peak construction times, the demand for materials surged, but global shortages and disruptions kept supply tight, naturally pushing prices higher.
Inflation also played a part, as it generally raises the cost of goods and services, including building materials. On top of that, geopolitical tensions and trade disputes disrupted supply chains, causing further price hikes.
Materials like concrete, cement, and copper saw particularly sharp cost increases. These spikes were driven by higher fuel prices and environmental regulations, as well as the growing demand for renewable energy projects, which need lots of electrical components.
In this context, the construction industry in Agadir faced challenges, as global factors heavily influenced local prices. Builders had to navigate these complexities while managing their budgets.
Understanding these dynamics is crucial for anyone considering property investment in the area, as material costs directly impact construction expenses.
Sources: NAHB, Morris Garritano
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12) At least 35% of Agadir’s rental properties were used as short-term vacation rentals in 2024
In 2024, over 35% of Agadir's rental properties were used as short-term vacation rentals.
Agadir's Airbnb scene was bustling, with 1,682 active listings that year. These properties weren't just sitting empty; they had a median occupancy rate of 50% and were booked for about 182 nights annually. This shows a clear trend of property owners leaning towards short-term rentals.
In the Agadir Ida Outanane Prefecture, vacation rentals had an average occupancy rate of 41% and a daily rate of $72. Notably, 83% of these listings were entire homes, highlighting the preference for short-term vacation rentals over long-term leases.
Agadir's real estate market was a magnet for foreign investors, drawn by the city's potential as a vacation hotspot. This influx of interest likely pushed property owners to opt for short-term rentals, catering to the steady stream of tourists.
Sources: Airbtics, DBS Morocco, AirDNA
13) The cost of building a single-family home in Agadir increased by 8% in 2024
The average cost of constructing a single-family home in Agadir rose by 8% in 2024.
Agadir's real estate market is booming, thanks to major infrastructure investments and luxury developments. This has caught the eye of wealthy international buyers, pushing up demand for high-end properties.
Real estate prices in Agadir are climbing, with different neighborhoods showing varied price trends. For example, Quartier B is known for its high apartment prices, while Quartier C is more budget-friendly. This upward trend in property prices hints at rising construction costs.
Agadir's appeal is not just about luxury; it's also about strategic growth. The city is investing in modern infrastructure to support its expanding population and attract more investors. This development is a key factor in the rising costs of building homes.
As more international buyers flock to Agadir, the demand for upscale housing continues to grow. This demand is a significant driver of the increased construction costs seen in the area.
With the city's ongoing development and rising property values, Agadir is becoming a hotspot for real estate investment. The combination of these factors is making it more expensive to build homes, reflecting the overall growth and transformation of the city.
Sources: Kensington Morocco, Agenz.ma
14) At least 20% of Agadir’s housing developments in 2024 featured recreational facilities
In 2024, over 20% of Agadir's housing developments featured recreational facilities, thanks to key projects and emerging trends.
The transformation of a neglected area into the Al-Inbiâat Urban Park was a game-changer for Agadir. This vibrant park now boasts public squares, multi-sport fields, basketball courts, walking paths, and children's play areas. The addition of restaurants and lush green spaces underscores Agadir's commitment to blending recreation with urban living.
Agadir's Marina Development further emphasized this trend by incorporating a leisure center and shopping mall. These facilities are part of a broader strategy to enhance the city's appeal, making recreational amenities a staple in new developments.
Luxury projects like Taghazout Bay and the City of Innovation have also embraced this approach. Known for their upscale real estate, these areas offer a range of recreational amenities, attracting both residents and tourists.
Such developments reflect a shift in Agadir's urban planning, where integrating leisure and lifestyle elements is becoming the norm. This approach not only enhances the quality of life for residents but also boosts the city's attractiveness to potential property buyers.
With these initiatives, Agadir is setting a new standard for urban development, where recreation and community spaces are prioritized. This trend is likely to continue, shaping the future landscape of the city.
Sources: Arab Urban, MEED, Kensington Morocco
While this article provides thoughtful analysis and insights based on credible and carefully selected sources, it is not, and should never be considered, financial advice. We put significant effort into researching, aggregating, and analyzing data to present you with an informed perspective. However, every analysis reflects subjective choices, such as the selection of sources and methodologies, and no single piece can encompass the full complexity of the market. Always conduct your own research, seek professional advice, and make decisions based on your own judgment. Any financial risks or losses remain your responsibility.