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As we reach mid-2025, Morocco's real estate market continues to show strong growth momentum with house prices averaging around $225,000 (2.2 million MAD) nationwide. The market demonstrates significant regional variations, with major cities like Casablanca and Marrakech commanding premium prices while emerging areas offer more affordable entry points for investors and homebuyers.
If you want to go deeper, you can check our pack of documents related to the real estate market in Morocco, based on reliable facts and data, not opinions or rumors.
Morocco's property market in 2025 shows average house prices of $225,000 with significant city-to-city variation, strong growth in major urban centers, and attractive investment opportunities for both locals and foreigners.
Key cities like Casablanca see apartment prices at 13,900 MAD/m² while emerging areas offer properties 30-50% below major city rates, creating diverse opportunities across different budget ranges.
| Metric | Value (2025) | Notes |
|---|---|---|
| Average House Price | $225,000 (2.2M MAD) | National average, up 75.8% YoY |
| Casablanca Apartments | 13,900 MAD/m² | Economic capital, highest prices |
| Marrakech Properties | 13,000 MAD/m² | Tourism hub, strong rental yields |
| Tangier Properties | 9,000-13,000 MAD/m² | 15% below Casablanca prices |
| Annual Growth Rate | 3-7% | Major cities, infrastructure-driven |
| Foreign Investment Growth | +55% | 2024-2025 increase |
| Transaction Costs | 6-7% | Notary, taxes, registration fees |
What's the average house price in Morocco today?
As of June 2025, the average house price in Morocco stands at approximately $225,000 (2.2 million Moroccan Dirhams).
This represents a significant 75.8% year-over-year increase, though this dramatic jump reflects changes in the types of properties being sold rather than true market-wide surge. The median house price sits slightly lower at around $222,000, providing a more realistic benchmark for typical properties.
The Morocco residential market demonstrates strong fundamentals with annual price growth of 3-7% across major urban centers. Foreign investment has surged by over 55% compared to 2024, driving demand particularly in luxury segments and tourist-oriented properties.
Properties typically sell within 33 days on average, with many receiving multiple offers. However, final sale prices generally settle around 6% below initial asking prices, indicating some market negotiation despite strong underlying demand.
It's something we develop in our Morocco property pack.
How much do prices vary by city and region across Morocco?
Property prices in Morocco show dramatic regional variations, with major cities commanding premium rates while emerging areas offer significantly more affordable options.
Casablanca leads as the most expensive market, with apartment prices averaging 13,900 MAD per square meter and villa prices reaching 20,500 MAD per square meter. The economic capital attracts premium pricing in neighborhoods like Anfa, Les Princesses, and Casablanca Finance City.
Marrakech follows closely with competitive apartment prices around 13,000 MAD per square meter, driven by tourism demand and strong short-term rental opportunities. The city's unique appeal to international buyers, particularly Europeans seeking riads and luxury properties, maintains consistent price pressure.
Rabat, the administrative capital, shows apartment prices at 14,500 MAD per square meter with villa prices around 20,300 MAD per square meter. Well-connected neighborhoods like Hay Riad, Agdal, and Souissi command the highest rates.
Tangier offers more competitive pricing, with properties ranging from 9,000 to 13,000 MAD per square meter - approximately 15% below Casablanca rates for similar properties. The city's strategic location and rapid growth make it attractive for value-conscious investors.
Emerging towns and smaller cities provide the most affordable entry points, with properties often priced 30-50% below major city rates. Cities like El Jadida offer apartments from 5,000-11,000 MAD per square meter.
What are the current price ranges for different property types?
Morocco's real estate market offers diverse property types with distinct pricing structures that cater to different buyer segments and investment strategies.
| Property Type | Price Range (MAD/m²) | Typical Total Price Range |
|---|---|---|
| Standard Apartment | 6,000-17,000 | 600,000-2,000,000 MAD |
| Villa | 7,900-20,500 | 1,000,000-5,000,000+ MAD |
| Traditional Riad | 10,000-25,000+ | 1,500,000-5,000,000+ MAD |
| Rural Home | 3,000-8,000 | 300,000-1,000,000 MAD |
| Luxury Properties | 20,000-35,000+ | 3,000,000-10,000,000+ MAD |
| Social Housing | Capped at 6,000 | Maximum 250,000 MAD |
| Off-Plan Development | 8,000-15,000 | 800,000-3,000,000+ MAD |
Two and three-bedroom apartments represent the market's sweet spot, accounting for 66% of buyer searches and experiencing 4-7% annual price growth. These properties balance affordability with functionality for Morocco's growing urban middle class.
Luxury villas and premium properties show the strongest appreciation rates at 5-8% annually, driven primarily by foreign buyers seeking second homes or investment opportunities in cities like Marrakech and Casablanca.
What's the average cost per square meter in key cities?
Per-square-meter pricing reveals the true value proposition across Morocco's diverse real estate markets, with clear premium zones and value opportunities.
Casablanca commands the highest rates at 13,900 MAD per square meter for apartments and 20,500 MAD per square meter for villas. Prime neighborhoods like Anfa and Sidi Maârouf reach even higher premiums due to proximity to business districts and luxury amenities.
Rabat follows closely with apartment prices at 14,500 MAD per square meter, reflecting its status as the political capital. Villa prices average 20,300 MAD per square meter, with premium areas like Souissi exceeding these averages significantly.
Marrakech maintains competitive apartment pricing around 13,000 MAD per square meter, though prime tourist areas and medina riads command substantial premiums. The city's unique tourism appeal justifies higher rates for properties with rental potential.
Tangier offers compelling value with properties priced between 9,000-13,000 MAD per square meter, representing approximately 15% savings compared to Casablanca. The city's rapid development and strategic location suggest strong appreciation potential.
Budget-friendly markets like El Jadida start from 5,883 MAD per square meter, while El Mansouria averages 11,056 MAD per square meter, providing accessible entry points for first-time buyers and value investors.
How do current prices compare to previous years?
Morocco's property market has shown varied performance across different timeframes, with recent acceleration following earlier periods of stability and modest declines.
Compared to one year ago, major cities show mixed performance. Casablanca experienced a slight 0.1% nominal decrease, though inflation-adjusted prices fell 1%. Marrakech performed better with 3% nominal growth (2.1% real), while Tangier showed 3.2% nominal growth (2.3% real). Nationally, prices increased 1.1% nominally and 0.43% in real terms.
Five-year trends show more consistent growth patterns. The national average increased 1.23% nominally and 1.53% in real terms compared to 2020 levels. This period included COVID-related disruptions that temporarily dampened demand, followed by strong recovery post-2022.
Over the past decade, major cities have generally seen substantial price appreciation. Casablanca and Marrakech properties have often doubled or more in value, reflecting Morocco's economic development and increasing international interest.
Recent 2024-2025 data shows dramatic reported increases, with some sources citing 75.8% year-over-year growth. However, this likely reflects changes in the mix of properties sold (more luxury and larger homes) rather than true across-the-board market appreciation.
The most reliable current trend indicates 3-7% annual growth in major cities, driven by infrastructure development, foreign investment increases, and urbanization reaching 65% of the population.
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What are the price forecasts for Morocco's property market?
Morocco's real estate market outlook for the coming years shows continued growth supported by structural economic factors and major upcoming events.
For 2025-2026, experts project 3-7% annual price growth in major cities, with luxury and short-term rental properties potentially seeing 5-8% increases. This growth is underpinned by preparations for the 2030 FIFA World Cup and continued foreign investment inflows.
The five-year forecast (2025-2030) suggests sustained annual growth of approximately 3.75% market-wide, with higher rates expected in key cities and tourist areas. Infrastructure development, including high-speed rail expansions, should support demand in connected cities.
Over the ten-year horizon, continued moderate growth is anticipated, driven by urbanization trends, tourism development, and Morocco's strategic position as a gateway between Europe and Africa. The country's political stability and favorable foreign investment climate support long-term positive outlook.
Regional variations will likely persist, with Casablanca, Marrakech, and Rabat leading appreciation due to economic concentration and international appeal. Emerging cities like Tangier may experience higher percentage growth from lower bases.
Risk factors include global economic uncertainties, potential interest rate increases, and construction cost inflation due to supply chain disruptions. However, Morocco's diversified economy and government support for housing initiatives provide market stability.
How do Morocco's prices compare internationally?
Morocco's property prices offer compelling value when compared to similar markets in the region and popular international destinations.
Casablanca, Morocco's most expensive city, averages around $1,400 per square meter, while Marrakech reaches approximately $1,700 per square meter in prime areas. Tangier offers even better value at around $1,300 per square meter.
Compared to European destinations, Morocco presents significant savings. Lisbon averages $4,000-6,000 per square meter, making Moroccan properties roughly one-third the cost. This price differential, combined with Morocco's proximity to Europe, attracts many European buyers seeking second homes or investment properties.
Regional comparisons show Morocco competitive with Istanbul ($1,000-1,500 per square meter) and Cairo ($1,000-1,200 per square meter). However, Morocco offers superior political stability and more developed tourism infrastructure compared to these alternatives.
Morocco's favorable comparison extends beyond price to include factors like foreign ownership rights, established legal frameworks, and cultural familiarity for Western buyers. The country allows full property ownership for foreigners except agricultural land, providing security for international investors.
This international competitiveness, combined with Morocco's lifestyle appeal and investment potential, explains the 55% surge in foreign direct investment in real estate during 2024-2025.
What's the total cost of buying property in Morocco?
Understanding the complete cost structure of property acquisition in Morocco is essential for accurate budgeting and investment planning.
Beyond the purchase price, buyers face additional costs totaling 6-7% of the property value. Registration fees account for 4% of the purchase price, while land registry costs add 1.5%. Notary fees range from 0.5-1.5%, with VAT at 10% applied to notary services.
Real estate agency fees typically range from 2-5% of the purchase price, depending on the property value and complexity of the transaction. Premium properties and complex transactions may command higher commission rates.
For a practical example, purchasing a property valued at 2 million MAD incurs approximately 144,000 MAD in total transaction costs (7.2% of purchase price). This includes all registration, notary, and typical agency fees.
Additional considerations include property inspection costs, legal advisory fees if using independent counsel, and potential renovation expenses. Older properties, particularly traditional riads, may require significant renovation investments of 10-20% of the purchase price.
Property insurance, ongoing maintenance costs, and annual property taxes should also factor into total ownership calculations. These ongoing costs vary significantly based on property type, location, and management requirements.
Foreign buyers should budget for currency exchange costs and potential banking fees for international transfers, which can add 0.5-1% to the total transaction cost.
We did some research and made this infographic to help you quickly compare rental yields of the major cities in Morocco versus those in neighboring countries. It provides a clear view of how this country positions itself as a real estate investment destination, which might interest you if you're planning to invest there.
What mortgage options are available for buyers?
Morocco's mortgage market provides financing solutions for both residents and non-residents, though terms vary significantly between these categories.
Moroccan residents enjoy more favorable lending terms with down payments as low as 10-20% of the property value. Interest rates typically range from 4-6% fixed, with loan terms extending up to 25 years. These favorable conditions reflect lower perceived risk and established income verification processes.
Non-resident buyers face more restrictive requirements, including higher down payments of 30-50% and slightly higher interest rates in the 4-6% range. Loan terms are generally limited to 20 years, requiring higher monthly payments but reducing total interest costs.
For a practical example, consider a 2 million MAD property purchase. A non-resident with 50% down payment (1 million MAD) financing the remaining 1 million MAD over 20 years at 5% interest would face monthly payments of approximately 6,600 MAD.
Major Moroccan banks including Attijariwafa Bank, BMCE Bank, and Crédit du Maroc offer mortgage products to qualified international buyers. Documentation requirements include proof of income, bank statements, and property valuation reports.
Alternative financing options include developer financing for off-plan purchases and seller financing arrangements, particularly for high-value properties where sellers may offer favorable terms to expedite sales.
Recent economic stability and low inflation have kept mortgage rates competitive, making property acquisition more accessible for qualified buyers across all market segments.
Which locations offer the best investment opportunities?
Morocco's diverse real estate landscape offers distinct investment opportunities depending on investment strategy and risk tolerance.
For long-term living and capital appreciation, Casablanca, Rabat, and Tangier provide the strongest fundamentals. These cities offer stable economies, good infrastructure, strong job markets, and consistent demand from both local and international buyers.
Short-term rental investments perform best in tourist-focused areas like Marrakech, Agadir, and Essaouira. Marrakech riads and luxury apartments can generate rental yields of 7-10% annually, particularly properties near the medina or with unique architectural features.
Long-term rental investments show strongest performance in university areas and business districts of major cities. Casablanca neighborhoods near business centers and Rabat areas with government employment offer stable tenant demand and consistent rental income.
For property flipping and development opportunities, emerging neighborhoods in established cities present the best potential. Areas undergoing infrastructure development or gentrification in Casablanca, Marrakech, and Tangier offer opportunities for value-add investments.
Coastal areas like Taghazout are rapidly gaining attention due to growing tourism and planned hotel development. With Morocco welcoming 15.9 million visitors by November 2024 (up 20%), tourism-dependent areas show strong rental and appreciation potential.
It's something we develop in our Morocco property pack.
What are typical purchase prices across market segments?
Morocco's property market accommodates diverse budgets and investment strategies, from entry-level social housing to ultra-luxury developments.
| Market Segment | Casablanca (MAD) | Marrakech (MAD) | Tangier (MAD) | Emerging Areas (MAD) |
|---|---|---|---|---|
| Entry-Level/Small | 800,000-1,200,000 | 700,000-1,100,000 | 500,000-900,000 | 300,000-600,000 |
| Mid-Range | 1,500,000-3,000,000 | 1,200,000-2,500,000 | 1,000,000-2,000,000 | 600,000-1,000,000 |
| Luxury/Premium | 3,000,000-10,000,000+ | 2,500,000-8,000,000+ | 2,000,000-5,000,000+ | 1,000,000-2,000,000 |
| Ultra-Luxury | 10,000,000+ | 8,000,000+ | 5,000,000+ | 2,000,000+ |
| Social Housing | Maximum 250,000 | Maximum 250,000 | Maximum 250,000 | Maximum 250,000 |
| Investment Properties | 1,000,000-5,000,000 | 800,000-4,000,000 | 600,000-3,000,000 | 400,000-1,500,000 |
| Off-Plan Developments | 900,000-4,000,000 | 800,000-3,500,000 | 700,000-2,500,000 | 400,000-1,200,000 |
Entry-level properties provide accessible homeownership opportunities, particularly in emerging areas where 300,000-600,000 MAD can secure decent accommodation. These properties often appreciate faster percentage-wise due to infrastructure development and area maturation.
Mid-range properties represent the market's sweet spot, offering good quality construction, desirable locations, and strong rental potential. These properties balance affordability with investment viability.
Luxury segments attract significant foreign investment, with premium properties in Marrakech palm groves and Casablanca upscale districts commanding top prices but also delivering superior rental yields and appreciation potential.
What are the smartest investment strategies for 2025?
Morocco's real estate market in 2025 presents several compelling investment strategies, each suited to different risk profiles and return objectives.
For maximum value growth potential, focus on emerging neighborhoods in established cities experiencing infrastructure development. Areas around new transport links, business districts, and urban renewal projects in Casablanca, Marrakech, and Tangier offer the highest appreciation potential.
Tourism-focused rental investments remain highly attractive, particularly in Marrakech where riads and luxury apartments can generate 7-10% annual rental yields. The upcoming 2030 FIFA World Cup and continued tourism growth support this strategy's long-term viability.
Off-plan property investments in well-located developments offer significant discounts to completed properties while benefiting from appreciation during construction. Select developments with established developers and confirmed infrastructure access for optimal results.
Mixed-use investment strategies combining personal use with rental income work particularly well for international buyers. Properties suitable for both personal enjoyment and short-term rental when not in use maximize utility and returns.
Value-add renovation projects, especially traditional riads requiring restoration, can deliver exceptional returns. However, these require significant expertise, time, and capital, making them suitable primarily for experienced investors.
Portfolio diversification across multiple cities and property types reduces risk while capturing different growth drivers. Combining urban apartments with tourist-focused properties and emerging area investments creates balanced exposure to Morocco's diverse real estate opportunities.
It's something we develop in our Morocco property pack.
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.
Morocco's real estate market in 2025 offers compelling opportunities across all price segments, from affordable entry-level properties in emerging areas to luxury riads in Marrakech commanding premium prices and exceptional rental yields.
With average house prices at $225,000 and strong fundamentals including 55% foreign investment growth, strategic location advantages, and major upcoming events like the 2030 FIFA World Cup, Morocco positions itself as an attractive destination for both lifestyle and investment purchases.
Sources
- Global Property Guide - Morocco Price History
- Agenz - Real Estate Prices in Morocco
- Sands of Wealth - Morocco Real Estate Market Statistics
- Sands of Wealth - Morocco Price Forecasts
- Aparthotel - Morocco Housing Market Analysis
- CEIC Data - Morocco House Prices Growth
- Statista - Morocco Real Estate Prices by City
- Les Villas de Myriam - Buying Guide Morocco