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What is happening in Casablanca’s real estate market? Are prices on the rise or decline? Is the city still a magnet for international investors? How are local government policies and taxes shaping the real estate landscape in 2025?
These are the questions we hear every day from professionals, buyers, and sellers across Casablanca and beyond. Maybe you’re curious about the same things.
We know this because we stay closely connected with local experts and individuals like you, exploring the Casablanca real estate market daily. That’s why we crafted this article: to offer clear answers, insightful analysis, and a comprehensive view of market trends and dynamics.
Our aim is straightforward: to make sure you feel informed and confident about the market without needing to search elsewhere. If you think we missed the mark or could improve, we’d love to hear your thoughts. Feel free to message us with your feedback or comments, and we’ll strive to enhance this content for you.
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1) Foreign investors are increasingly interested in the local real estate market
Foreign investors are increasingly eyeing Casablanca's real estate market for its promising opportunities.
In recent years, foreign direct investment in Casablanca's real estate has surged by over 55%, drawing more players and pushing property prices up. Notably, Asian investors, especially from China, are making significant moves in Morocco, with China alone accounting for nearly 30% of the greenfield FDI projects announced in 2022-23.
The Moroccan government is making it easier for these investors by offering tax incentives and streamlining property purchase processes. This has opened doors for more foreign participation. Casablanca's luxury real estate market is also booming, with developments like Casablanca Marina attracting global investors and affluent residents.
Investors are particularly drawn to the attractive rental yields in the luxury market, which range from 4% to 6% annually for prime properties. This is bolstered by a growing expatriate community and a rising local upper middle class. Infrastructure improvements, such as the expansion of Mohammed V Airport and the high-speed rail to Tangier, further boost Casablanca's investment appeal.
Sources: Kensington Morocco, Housing Place
2) Property investors are drawn to Casablanca for its attractive rental yields and steady income potential
Casablanca is catching the eye of property investors with its attractive rental yields.
In 2024, the city offered an average gross rental yield of 6.75%, which, while slightly lower than Marrakesh's 8.42%, still presents a solid opportunity for those seeking steady returns. This means that Casablanca remains a competitive choice for investors.
Rental yields in Casablanca range from 4.43% to 7.94%, with an average of 6.35%, offering a variety of investment options. Whether you're after modest returns or aiming for higher yields, there's something for everyone.
Casablanca's rental market is thriving thanks to urbanization and job growth. As more people flock to the city, the demand for rental properties rises, pushing up rental yields. Plus, infrastructure upgrades, like the tramway, have boosted property values, making investments even more appealing.
Investors are drawn to the city's potential, with its diverse property options and promising returns. The ongoing development and economic growth make it a hotspot for those looking to invest in real estate.
Sources: Global Property Guide, Telquel, Global Property Guide
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.
3) Urbanization is spurring new construction projects on the city outskirts
Urbanization is reshaping Casablanca, sparking new construction projects on the city's outskirts.
With Casablanca's population jumping by 57,570 people in just a couple of years, the city is now home to nearly 4 million residents. This rapid growth means more homes and infrastructure are needed to keep up with the demand. Imagine the city back in 1950, when it had just over 625,000 people, and you'll see how much it's transformed.
Programs like the Casablanca Municipal Support Program, backed by the World Bank, are stepping in to help. They're not just about building; they're about making the city a better place to live by improving public spaces and getting citizens involved. This is crucial for handling the population boom and making sure everyone has what they need.
Then there's the Casablanca Tramway Project, which is a game-changer for commuters. By adding new tram lines, it's connecting the suburbs to the city center, making daily travel easier and cutting down on pollution. It's a win-win for the environment and the people.
These efforts are part of a bigger picture of urban development, where the focus is on creating a city that can grow sustainably. The outskirts are buzzing with new projects, thanks to the push from urbanization.
Sources: Urban Resilience Hub, World Bank, Arab Urban Development Institute, World Population Review
4) Real estate agents are using digital marketing to expand their buyer reach
Real estate agents are diving into digital marketing to connect with more buyers.
In 2024, they put over half of their marketing budgets into digital channels, showing just how much they believe in this strategy. This shift is happening because digital platforms are super effective at grabbing the attention of potential buyers.
Social media is now a key player in real estate marketing. More than 90% of agents are using it to boost their business. Facebook and Instagram are the go-to platforms, with 97% of agents on Facebook. These platforms are perfect for showing off properties since posts with images get a lot more engagement.
Video content is a game-changer, generating 1,200% more shares than text and image posts combined. Yet, many agents haven't fully jumped on the video marketing bandwagon, even though it has a big impact on homeowners' decisions to list with an agent.
Virtual tours and immersive content are becoming more crucial, as many buyers find them more helpful than just photos. This trend is reshaping how properties are showcased, making it easier for buyers to imagine themselves in a new home.
Sources: Taylor Scher SEO, Proven Partners
5) Student housing markets are growing near major universities
The market for student housing is booming near major universities.
In 2023, the global student accommodation market was valued at USD 11.34 billion, and it's on a steady growth path. This surge is fueled by a rising number of students, especially international ones, seeking quality and convenient places to live. Picture bustling university towns where students from all over the world are hunting for the perfect spot to call home.
There's a big gap between the demand and supply of affordable student housing, especially in areas with expanding universities. In 2023, about 8.6 million students were on the lookout for rental housing near their campuses. This shows just how much students need places to stay, and it's not slowing down anytime soon.
Looking ahead, college enrollment is expected to hit 377.4 million by 2030, which means even more student accommodations will be needed. This is not just a local trend; it's a global wave, with international student numbers set to rise. By 2025, 8 million students are expected to study abroad, adding to the demand for student housing.
For those considering investing in property, this is a golden opportunity. The student housing market is not just growing; it's thriving, especially near major universities. Imagine the potential in areas where universities are expanding, and students are flocking in droves.
With more students than ever before, the need for student housing is clear. It's a market that's not just expanding; it's evolving, adapting to the needs of a diverse and growing student population.
Sources: Casita, Newbie Real Estate Investing, Grand View Research, Pioneer Realty Capital
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6) Affordable housing projects are on the rise to meet growing demand
Casablanca is seeing a boom in affordable housing projects to keep up with demand.
With urbanization in Morocco surpassing 65% in 2023, the need for affordable homes in its largest city is pressing. The Moroccan government is stepping up with initiatives like direct financial aid for low-income buyers and the Damane Assakane fund, which in 2023 alone supported 291,623 households in securing real estate loans.
Despite challenges like high interest rates and inflation, the residential real estate market in Morocco is on track to hit $14.01 billion by 2025. This growth is fueled by a surge in investments in affordable housing, with more than half of survey respondents noting an increase in debt and equity investments.
Insider knowledge suggests that the government’s proactive measures are making a real difference. The Damane Assakane fund is a game-changer, offering easier access to loans and making homeownership a reality for many. This is crucial in a city like Casablanca, where the population is booming and the demand for housing is relentless.
Investors are also taking note, with a noticeable uptick in interest in the affordable housing sector. This is a promising sign for potential buyers, as it indicates a strong commitment to expanding housing options and keeping prices within reach.
For those considering buying property in Casablanca, now might be the time to act. The combination of government support and increased investment is creating a favorable environment for affordable housing, making it an attractive option for both first-time buyers and seasoned investors.
Sources: Statista, Statista, GlobeSt
7) International buyers are boosting the luxury property segment
The luxury property market in Casablanca is booming, largely due to international buyers.
Foreign investors own about 10% of all luxury properties in Morocco, with cities like Casablanca, Marrakech, and Tangier being top choices. These cities are not just popular for their charm but also for their strategic location and vibrant culture.
Casablanca is seeing a real estate surge, driven by both local and international interest. This is thanks to Morocco's political stability and pleasant climate, along with its proximity to Europe, making it a hotspot for foreign buyers looking for a second home or investment.
The luxury rental market in Casablanca is also attractive, offering rental yields between 4% and 6% annually for prime properties. This is appealing to investors, especially with a growing expatriate community and a rising local upper middle class.
Infrastructure improvements in Casablanca are another draw, enhancing the city's appeal and accessibility. These developments are making it easier for international buyers to invest and settle in the area.
With all these factors combined, it's no wonder that international buyers are flocking to Casablanca, boosting the luxury property segment significantly.
Sources: Kensington Morocco, ET Edge Insights
8) Developers are focusing on modern designs featuring open floor plans
Developers are focusing on modern designs with open floor plans for a variety of reasons.
In 2024, the modern farmhouse style led the way, making up 32% of all home plans sold. This style is loved for its open layouts, which give homes a spacious and airy feel. Smaller homes, ranging from 1,000 to 1,499 square feet, also saw a rise in popularity, making up 23% of total plan sales. These compact homes often feature open layouts to make the most of the available space.
As we look towards 2025, there's a buzz about multi-use layouts becoming more common. Think in-law suites or apartments that embrace open floor plans for added flexibility. This trend is all about making spaces adaptable to different needs.
Custom homes are also expected to keep favoring open floor plans. Homeowners are increasingly looking for flexible and functional living arrangements that can adapt to their lifestyles. This means more open spaces that can serve multiple purposes.
Open floor plans aren't just about aesthetics; they offer practical benefits too. They allow for better flow and interaction within the home, making them ideal for families and social gatherings. This design choice reflects a shift towards more communal and connected living spaces.
Sources: Houseplans.com, Barden BP
We have made this infographic to give you a quick and clear snapshot of the property market in Morocco. It highlights key facts like rental prices, yields, and property costs both in city centers and outside, so you can easily compare opportunities. We’ve done some research and also included useful insights about the country’s economy, like GDP, population, and interest rates, to help you understand the bigger picture.
9) Real estate investments are rising as people seek protection against inflation
More people are turning to real estate as a smart way to protect their money from inflation.
Historically, real estate has been a solid bet against inflation. Back in the late 70s and early 80s, when inflation was high in the U.S., home prices shot up and rental income stayed strong. This trend shows how real estate can be a reliable shield for your investments.
Fast forward to today, and the global property market is bouncing back. In 2024, we saw transaction volumes and values stabilize, making it a good time to buy or sell. With interest rates dropping in 2025, it's become even easier for buyers and sellers to find common ground on prices, making real estate more appealing.
Investors are getting picky, though. They're eyeing sectors like the living sector and industrial assets, which are seen as more resilient to inflation. This shift shows a growing interest in real estate as a way to keep inflation at bay.
For those considering a move to the countryside, this trend is worth noting. The countryside offers unique opportunities, with lower property prices compared to urban areas, and the potential for rental income from vacationers or long-term tenants.
So, if you're thinking about buying property, now might be the time to act. With the market stabilizing and interest rates low, real estate is looking like a safe bet against inflation.
Sources: MSCI, Counselors of Real Estate, Vaster
10) Larger family homes in Casablanca’s suburbs are gaining popularity
Casablanca's suburbs are gaining popularity for larger family homes.
Thanks to the improved tramway network, these areas are now more accessible, boosting property values and making them attractive to families and investors. Suburban neighborhoods like Dar Bouazza and Bouskoura are seeing noticeable price increases, a clear sign of growing demand.
Families are drawn to these suburbs for their peaceful and relaxed environment, a stark contrast to the hustle and bustle of the city center. The quality of life here is a major selling point, offering a serene lifestyle without sacrificing convenience.
For investors, the suburbs offer competitive rental yields, making them a smart choice for rental properties. Real estate experts emphasize the tramway's role in enhancing the appeal of these neighborhoods, further driving interest.
With the tramway making commutes easier, these suburbs are not just a haven for families but also a lucrative opportunity for investors. The combination of improved infrastructure and a high quality of life is hard to resist.
As more people seek out these areas, the trend is clear: Casablanca's suburbs are on the rise, offering a blend of comfort and investment potential.
Sources: Telquel, Global Property Guide
11) Mixed-use residential developments are on the rise in Casablanca
Casablanca is buzzing with new mixed-use residential developments.
With over 65% of Morocco's population now living in cities, urban areas like Casablanca are seeing a surge in housing demand. This urban shift is reshaping the cityscape, making it a hot spot for new projects.
Casablanca and Marrakech are experiencing a construction boom, driven by the need for both homes and commercial spaces. Developers are blending residential, retail, and office spaces to create lively urban hubs that meet the needs of city residents.
Casablanca is also in the midst of major urban renewal projects, like the Wessal Casablanca-Port Program and the tramway megaproject. These efforts are modernizing the city, enhancing its infrastructure, and making it more attractive for new developments.
These mixed-use projects are not just about buildings; they're about creating vibrant communities. The combination of urbanization, construction growth, and urban renewal is fueling the rise of these developments in Casablanca.
As the city evolves, these projects are becoming a key part of its transformation, offering a blend of living, working, and leisure spaces all in one place.
Sources: Bernard Khoury, Urban Resilience Hub, Estate Intel
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12) New real estate projects are increasingly centered on gated communities
In 2023 and 2024, real estate developments are increasingly focusing on gated communities, especially in Casablanca.
People are drawn to these communities because they offer a blend of luxury, security, and community. Imagine living in a place with 24/7 CCTV, biometric access, and professional security staff. It's like having your own personal fortress, which is a big selling point for city dwellers today.
In Casablanca, areas like Sidi Maarouf and Casablanca Finance City are becoming hotspots. These neighborhoods are popular because they offer well-defined residential spaces that cater to modern needs. It's not just about having a home; it's about having a lifestyle.
Then there's Altos Reales, a place that takes luxury to another level with its seaside homes and private grounds. Whether you're buying or renting, these exclusive areas offer something special that appeals to a wide range of people.
Gated communities are not just about security; they also provide a sense of belonging. Residents often enjoy shared amenities like parks, pools, and clubhouses, which foster a strong sense of community. It's like having a small town within a city.
As more people seek this lifestyle, developers are responding by creating more of these communities. The focus is on providing a comprehensive living experience that meets the demands of modern life.
Sources: Statista, Sattva Group, DM Properties
13) Interest in eco-friendly residential properties is growing
There's a growing interest in eco-friendly residential properties in Casablanca.
This shift is largely due to stricter property development rules that push for sustainable growth. These rules encourage the use of eco-friendly building certifications, signaling a clear move towards resource-efficient construction. The Moroccan government is also playing a big role by ensuring new developments consider their environmental impact, which is crucial for sustainable urban growth.
Casablanca's Local Action Plan for 2023-2028 is set to transform the city into a smart and sustainable urban area. This plan includes improving public transport and modernizing infrastructure, making properties in well-connected neighborhoods more attractive. As a result, there's a growing interest in homes that offer a sustainable and pleasant living environment.
New constructions in Casablanca are embracing sustainable building practices, like using eco-friendly materials and optimizing energy efficiency. This trend is expected to continue as more people seek healthier and environmentally friendly living conditions. The appeal of these properties is further enhanced by the city's efforts to become more environmentally friendly.
For those considering buying property in Casablanca, it's worth noting that the city is actively working towards becoming a more sustainable place to live. This makes eco-friendly properties not just a trend, but a smart investment for the future. The combination of government initiatives and local action plans is making these properties increasingly appealing to potential buyers.
Sources: Housing Place, Green Builder Media, Telquel
14) New properties are incorporating smart home technology features
Smart home technology is taking the real estate world by storm.
Imagine walking into a home where everything is connected and at your fingertips. This isn't just a dream; it's happening now, with the global smart home market expected to skyrocket to $633.2 billion by 2032. People are investing heavily in these technologies, making them a hot commodity in the property market.
It's not just tech enthusiasts jumping on this trend. Younger buyers are leading the charge, with predictions that by 2025, a whopping 60% of US consumers will have adopted smart home gadgets. This surge is all about making life easier and more efficient, and it's catching on fast.
In places like North America and Europe, smart homes are becoming the norm. By 2028, over half of North American homes will be smart, and Europe isn't far behind. This shift is setting the stage for other regions to follow suit, including areas like Morocco and Casablanca, where the demand is starting to grow.
For those considering buying property, this means more than just a modern living space. Smart homes offer convenience and energy efficiency, making them an attractive option for savvy buyers. The integration of technology into homes is not just a trend; it's becoming a standard expectation.
As the market continues to expand, the appeal of smart homes is undeniable. Investing in a property with these features could be a smart move, both for personal comfort and future resale value. The future of home living is here, and it's smarter than ever.
Sources: Exploding Topics, LightNOW, Exploding Topics
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.
15) Renovating older properties is trending in prime locations
Renovating older properties in prime locations is becoming a hot trend, especially in cities like Casablanca.
Casablanca is transforming into a world-class metropolis, a focus since 2023 and 2024, and this is driving the renovation trend. The Local Action Plan 2023-2028 is a big part of this, aiming to make the city smarter and more sustainable. This plan includes upgrading public spaces and modernizing roads, which in turn boosts property values. For instance, areas like Al Fida and Aïn Sebaâ have seen property prices rise significantly due to these improvements.
Upcoming major events, like the 2025 African Cup of Nations and the 2030 World Cup, are expected to draw a large number of tourists. This influx will increase the demand for rental properties, making older properties in prime locations attractive investments. Investors are keen to renovate these properties to meet the expected demand for tourist accommodations and rental units.
Moreover, integrating sustainable building practices and smart technologies into renovations is appealing to families and expatriates seeking modern living environments. This trend is expected to continue, further driving the renovation of older properties.
Investors are particularly interested in areas where property values are rising due to infrastructure improvements. The integration of smart technologies and sustainable practices is not just a trend but a necessity for modern living, attracting both families and expatriates.
With the city's ongoing transformation and the upcoming international events, the demand for renovated properties is expected to grow, making it a lucrative opportunity for investors.
Sources: Telquel, Interserv LP, Housing Place
16) Environmentally conscious buyers are increasingly interested in energy-efficient housing
Energy-efficient homes are becoming a top choice for eco-conscious buyers.
In 2025, many homebuyers have embraced sustainability as a lifestyle, focusing on energy efficiency and eco-friendly features when selecting properties. This shift is fueled by both consumer demand and supportive government policies.
Buyers are increasingly drawn to homes that use sustainable building materials and energy-efficient technologies. Green building practices, once a niche market, are now mainstream, offering benefits like lower utility bills and higher resale values.
In Casablanca, efforts such as the Casablanca Municipal Support Program are enhancing energy efficiency in public buildings, showcasing a strong commitment to fighting climate change. Builders are also using innovative materials like Phase Change Materials (PCMs) to achieve significant energy savings.
These trends reflect a broader movement towards sustainability in real estate, with buyers prioritizing homes that align with their environmental values. The integration of advanced materials and technologies is not just a trend but a necessity for long-term benefits.
Sources: Green Builder Media, The Lowery Group, World Bank
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.