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Casablanca's property market is experiencing steady growth with residential prices rising 3–7% annually in 2025.
The city's economic center continues attracting both local and foreign investors, driven by infrastructure improvements, government incentives, and attractive rental yields of 5–8% across different property types.
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Casablanca property prices have grown 1.8–7% over the past year, with premium neighborhoods leading the gains.
The market shows strong fundamentals with robust rental yields, active construction, and favorable financing conditions supporting continued growth through 2028.
| Market Factor | Current Status | 2025-2028 Outlook |
|---|---|---|
| Property Prices | +3-7% annual growth | Continued 3-7% yearly increases |
| Rental Yields | 5-8% across property types | Stable with premium areas maintaining higher returns |
| Foreign Investment | Strong interest, minimal restrictions | Expected to remain robust |
| Construction Activity | 10% rise in new developments | Continued expansion in central districts |
| Financing | 5.9-6.7% mortgage rates | Stable rates with accessible financing |
| Infrastructure Impact | 10-15% premiums near transport | Major projects boosting values through 2030 |
How have property prices in Casablanca changed over the past 12 months?
Property prices in Casablanca have increased by 1.8–7% over the past 12 months as of September 2025.
Residential property prices rose by 1.8% throughout 2024, and the growth rate has accelerated to an annual rate of 3–7% across most neighborhoods in 2025. Premium areas and new developments are experiencing the steepest increases in the current market cycle.
Central and luxury neighborhoods like Anfa, Ain Diab, Gauthier, and Sidi Belyout have led price growth, with some new apartment developments recording gains of up to 30%. These areas benefit from ongoing infrastructure improvements and attract the highest investor interest.
Older districts have seen more moderate price movements, with some areas experiencing stagnant or slightly declining prices. This creates a clear division in the Casablanca property market between premium, well-connected neighborhoods and traditional residential areas.
The price increases reflect strong underlying demand from both local buyers and foreign investors, supported by government incentives and infrastructure development projects.
What's the current demand for buying versus renting in Casablanca?
Both buying and rental demand remain strong in Casablanca, with different market segments driving each trend.
Strong buying interest persists in high-end and developing areas, particularly from investors attracted by rental yields of 5–8%. Foreign investors face minimal restrictions and are increasingly active in the Casablanca market.
Rental demand is robust due to affordability challenges and urbanization trends. Many households prefer to rent due to rising purchase prices and shifting family structures, creating a healthy rental market for property investors.
The rental market benefits from urban migration and the growing number of young professionals who cannot yet afford to buy property. This demographic shift supports sustained rental demand across different price segments.
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Which neighborhoods in Casablanca are seeing the fastest price growth right now?
Five neighborhoods are leading Casablanca's property price growth in 2025: Anfa, Ain Diab, Maarif, Gauthier, and Sidi Belyout.
These areas show the most rapid price increases and heightened investment activity, especially where infrastructure improvements are underway. Anfa and Ain Diab, being coastal premium districts, attract the highest-end developments and foreign investment.
Maarif benefits from its central location and ongoing urban renewal projects, while Gauthier and Sidi Belyout are experiencing gentrification driven by their proximity to business districts and transport links.
Properties near new transport corridors, particularly areas connected to the tramway system and planned high-speed rail connections, are commanding premium prices. The Finance City area continues to drive commercial property demand and residential growth in surrounding neighborhoods.
New apartment developments in these fast-growing areas can command prices 10–15% higher than comparable properties in other parts of the city.
How much new residential and commercial construction is planned or underway in the city?
Casablanca experienced a 10% rise in new residential developments in 2024, with construction activity continuing to expand in 2025.
The focus is on eco-friendly and high-amenity projects that cater to modern buyer preferences. Developers are prioritizing sustainable building practices and community amenities to differentiate their projects in the competitive market.
Numerous commercial projects are under construction, including high-rises, office towers, and mixed-use complexes. The majority of these developments are concentrated around the Finance City and along new transport corridors.
Major infrastructure projects related to the 2030 FIFA World Cup are driving additional construction activity. These projects include hotels, commercial spaces, and supporting infrastructure that will have long-term benefits for the property market.
The construction boom is supported by government policies that encourage urban development and foreign investment in the real estate sector.
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What's the average rental yield in Casablanca across different property types?
Rental yields in Casablanca average around 7% for apartments, with significant variation based on property size and location.
Smaller units (1–2 bedrooms) achieve higher yields of 7.5–8.2%, while larger apartments generate approximately 5.6%. This reflects the strong demand for affordable rental units from young professionals and small families.
The overall rental yield range across different property types spans 5–8%, making Casablanca an attractive destination for rental income investors. These yields compare favorably to other major cities in the region.
Older buildings have higher vacancy rates of about 5% as tenants increasingly prefer modern developments with better amenities. New developments maintain lower vacancy rates and can command premium rents.
Short-term rental properties through platforms like Airbnb show different performance metrics, with citywide occupancy rates of 45% and average nightly rates of $54, supporting over 1,000 active listings.
How accessible is financing right now—what are the mortgage rates and approval trends?
Mortgage financing remains accessible in Casablanca with rates ranging from 5.9–6.7% for 30-year loans as of Q2 2025.
Mortgage rates have remained relatively stable, but banks are implementing stricter approval processes with greater scrutiny of borrower qualifications. This tightening reflects banks' cautious approach to lending in a rising price environment.
Government policies continue to support first-time homebuyers and middle-income households through various assistance programs. These initiatives help maintain financing accessibility despite tighter bank requirements.
Foreign buyers have access to mortgage financing with similar terms to local buyers, though they may face additional documentation requirements. The process remains straightforward for qualified international investors.
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What government policies or tax incentives are shaping the property market in Casablanca?
Government incentives include housing assistance programs, tax benefits, and streamlined ownership rights that particularly benefit foreign investors.
| Policy Type | Description | Market Impact |
|---|---|---|
| Foreign Ownership | Minimal restrictions on property purchase | Increased international investment |
| Tax Incentives | Various deductions for first-time buyers | Enhanced affordability for locals |
| Infrastructure Investment | Tramway, high-speed rail, World Cup projects | 10-15% price premiums in connected areas |
| Housing Assistance | Support programs for middle-income households | Sustained local demand |
| Development Permits | Streamlined approval for eco-friendly projects | Increased construction activity |
| Urban Planning | Mixed-use development encouragement | Modern project focus |
How strong is foreign investor interest in Casablanca real estate at the moment?
Foreign investor interest in Casablanca real estate is robust and continues to strengthen in 2025.
International investors face minimal restrictions when purchasing property in Morocco, making Casablanca an attractive destination compared to other markets with more stringent foreign ownership rules.
The combination of attractive rental yields (5–8%), stable property price growth, and favorable exchange rates for many foreign currencies creates compelling investment opportunities. Government policies actively encourage foreign investment in the real estate sector.
European investors, particularly from France and Spain, represent a significant portion of foreign buyers, drawn by cultural familiarity and direct flight connections. Middle Eastern investors are also increasingly active in the luxury segment.
Foreign investment is concentrated in premium neighborhoods like Anfa and Ain Diab, as well as in new mixed-use developments near the Finance City and major infrastructure projects.
What's the vacancy rate for apartments and offices across the main districts?
Apartment vacancy rates in Casablanca vary significantly between older and newer buildings.
Older residential buildings maintain vacancy rates of approximately 5%, higher than new developments which achieve near-full occupancy. This reflects tenant preferences for modern amenities and better building management.
The short-term rental market shows different dynamics, with Airbnb properties achieving 45% occupancy rates citywide. Over 1,000 active listings compete in this segment with average nightly rates of $54.
Commercial office vacancy rates are lower in premium districts like the Finance City and central business areas, where new high-quality office space commands premium rents. Older office buildings in secondary locations experience higher vacancy rates.
New residential developments maintain waiting lists in desirable neighborhoods, indicating undersupply in the premium segment of the market.
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How are infrastructure projects, like new transport or business hubs, influencing property values?
Infrastructure projects are creating price premiums of 10–15% in the most connected neighborhoods and driving urban renewal across Casablanca.
New public transport systems, including the tramway network and planned high-speed rail connections, are directly increasing property values along their routes. Properties within walking distance of tramway stations command significant premiums over comparable properties elsewhere.
Business hub developments, particularly the ongoing expansion of Casa Finance City, continue to drive both commercial and residential property demand in surrounding areas. The concentration of international businesses creates sustained demand for high-quality office and residential space.
World Cup 2030 preparation projects are catalyzing infrastructure improvements throughout the city. These include road improvements, utility upgrades, and new commercial developments that will have lasting benefits beyond the tournament.
It's something we develop in our Morocco property pack.
What are analysts and local agencies forecasting for Casablanca property prices over the next 2–3 years?
Analysts forecast continued annual property price growth of 3–7% for Casablanca through 2028.
Local real estate agencies remain bullish about the market outlook, citing a healthy mix of owner-occupier and investor demand. The fundamental drivers of urbanization, infrastructure expansion, and economic growth are expected to support sustained price appreciation.
Investment activity is forecast to focus on central and prime districts, where the combination of infrastructure improvements and development restrictions creates supply constraints. These areas are expected to outperform the broader market.
The commercial property sector is projected to benefit from continued business growth and the expansion of the Finance City, with office rents expected to rise in premium locations.
Most forecasts assume continued political stability and supportive government policies, which are crucial factors for sustained market growth.
What risks could weigh on the market outlook, such as political, economic, or regulatory shifts?
Several key risks could impact Casablanca's property market outlook through 2028.
- Regulatory or tax changes that could affect foreign investment flows or property ownership rights
- Further mortgage rate increases that would reduce affordability for local buyers and slow price growth
- Economic instability in Morocco or globally that could reduce investor confidence and slow construction activity
- Political changes that might alter government support for infrastructure projects or foreign investment policies
- Oversupply in specific market segments if construction activity exceeds demand growth
- Currency fluctuations that could affect the attractiveness of the market to foreign investors
- Changes in regional stability that could impact Morocco's position as a safe investment destination
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.
Casablanca's property market presents compelling opportunities for both investors and residents looking to purchase property.
The combination of steady price growth, attractive rental yields, government support, and ongoing infrastructure development creates a favorable environment for property investment through 2028.
Sources
- Bank Al-Maghrib - Property Price Index Q4 2024
- Sands of Wealth - Casablanca Real Estate Market Analysis
- Agenz.ma - Morocco Real Estate Market Perspectives 2025
- Sands of Wealth - Casablanca Price Forecasts
- Property Developments - Morocco Market Overview
- Global Property Guide - Morocco Rental Yields
- Sands of Wealth - Casablanca Property Market
- Casilla de Costa - Buying vs Renting Analysis 2025