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Yes, the analysis of Marrakech's property market is included in our pack
Thinking about buying a 3-bedroom apartment in Gueliz? It’s a vibrant area, but you're probably wondering: is now the right time to buy, or should you wait for prices to drop?
And what about long-term investment—should you look into other neighborhoods like Hivernage or Medina where property values might appreciate more over time?
In this article, we’ll answer these questions. We know this market quite well - and we have put all our knowledge in the Marrakech Property Pack.
Will property prices increase in Marrakech in 2025?
Yes, property prices in Marrakech are expected to rise in 2025, driven by a combination of increasing tourism, infrastructure development, and foreign investment.
Backed by our fresh, in-depth market analysis, we’re confident that Marrakech remains an attractive destination for both domestic and international investors.
While there are challenges such as economic fluctuations and regulatory changes, the main drivers behind Marrakech’s price growth are strong and persistent.
The city's unique cultural appeal, coupled with ongoing urban development projects, continues to attract buyers, making significant price drops unlikely.
Signals pointing to a property price increase in Marrakech
Here are some factors suggesting prices could increase:
The tourism sector in Marrakech is expected to continue its recovery and growth in 2025, boosting demand for short-term rental properties and increasing property values in popular tourist areas.
Significant infrastructure projects, such as new roads and public transport improvements, are set to enhance connectivity and accessibility, making certain neighborhoods more attractive and likely to see price increases.
Foreign investment in Marrakech's real estate market is on the rise, driven by favorable exchange rates and the city's appeal as a cultural and leisure destination, which is expected to push property prices upward.
The Moroccan government's initiatives to promote sustainable and eco-friendly developments are likely to increase the value of properties that meet these criteria, contributing to overall market growth.
Marrakech's status as a cultural and historical hub continues to attract expatriates and retirees, increasing demand for residential properties and supporting price growth.
The luxury real estate market in Marrakech is experiencing a surge in interest, particularly from international buyers seeking unique and high-end properties, which is expected to drive up prices in this segment.
Signals pointing to a property price decrease in Marrakech
Here are some factors suggesting prices could fall:
Economic uncertainties, including potential fluctuations in the Moroccan economy, could impact buyer confidence and reduce demand, particularly in the mid-range property market.
Regulatory changes or increased property taxes could deter investment and slow down the market, potentially leading to a stabilization or decrease in property prices.
If global economic conditions worsen, it could lead to a decrease in foreign investment and tourism, which are key drivers of the property market in Marrakech, potentially leading to a slowdown in price growth.
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If property prices go up in Marrakech, how much would they increase by?
If real estate prices in Marrakech were to rise in 2025, the increase would likely be around 3% to 7% of their 2024 values.
Typically, real estate in emerging markets like Marrakech appreciates by approximately 3% to 7% annually over the long term. However, fluctuations can occur depending on factors such as location, tourism trends, and property type.
It means that, if you spot a charming riad in the Medina for 1,500,000 MAD today, don't be surprised if it's priced between 1,545,000 and 1,605,000 MAD this time next year.
To give you a better understanding, here is a table that shows 7 types of Marrakech real estate properties, their estimated prices in 2024, and projections for 2025 based on potential price increases of 3%, 5%, and 7%.
| Type of Property | Average Price in 2024 (MAD) | Price in 2025 (3% increase) | Price in 2025 (5% increase) | Price in 2025 (7% increase) |
|---|---|---|---|---|
| Traditional Riad (150 sqm / 1,615 sqft) | 1,500,000 MAD | 1,545,000 MAD | 1,575,000 MAD | 1,605,000 MAD |
| Modern Villa (200 sqm / 2,153 sqft) | 3,000,000 MAD | 3,090,000 MAD | 3,150,000 MAD | 3,210,000 MAD |
| Luxury Penthouse (250 sqm / 2,691 sqft) | 5,000,000 MAD | 5,150,000 MAD | 5,250,000 MAD | 5,350,000 MAD |
| Studio Apartment (50 sqm / 538 sqft) | 800,000 MAD | 824,000 MAD | 840,000 MAD | 856,000 MAD |
| Loft (100 sqm / 1,076 sqft) | 2,000,000 MAD | 2,060,000 MAD | 2,100,000 MAD | 2,140,000 MAD |
| Townhouse (180 sqm / 1,938 sqft) | 4,000,000 MAD | 4,120,000 MAD | 4,200,000 MAD | 4,280,000 MAD |
| Investment Property (120 sqm / 1,292 sqft) | 2,500,000 MAD | 2,575,000 MAD | 2,625,000 MAD | 2,675,000 MAD |
Everything you need to know is included in our Property Pack for Marrakech
If real estate prices go up in Marrakech, which areas are likely to see the biggest increases?
Today, people who want to move to Marrakech are looking for a blend of traditional charm and modern amenities, which Gueliz offers. Hence, we could see a price increase there in 2025.
Additionally, there's been a growing interest in vibrant, youthful neighborhoods, and Hivernage has really taken off.
We like it when information is clear and easy to digest. So, here’s a table that highlights the areas where prices might rise the most, along with the reasons behind those expected increases. It’s very high-level. If you want more details on a specific area, please check our real estate pack tailored to the Marrakech market.
| Neighborhood | Level of Increase | Why |
|---|---|---|
| Gueliz | High | Recent development of luxury housing projects and its increasing appeal to international buyers as travel normalizes post-pandemic, driving demand. |
| Medina | High | Expected rise due to limited housing stock, upcoming renovations to heritage buildings, and growing demand for prime properties in central Marrakech. |
| Hivernage | Medium-High | Ongoing gentrification and new transport links, along with several planned redevelopment projects in the area, are likely to push prices higher. |
| Palmeraie | Medium | The shift towards eco-friendly living spaces is driving demand for residential properties near green areas, combined with new mixed-use developments. |
| Agdal | Medium-High | Eco-friendly urban projects and recent construction of new schools and parks are increasing its attractiveness for families, pushing prices upward. |
| Kasbah | Medium | Investment in local infrastructure, such as the extension of tram lines and renovation of historic areas, is boosting long-term value. |
| Sidi Ghanem | Medium-High | With new cultural and commercial spaces being developed, this trendy neighborhood is seeing increased demand from both residents and investors. |
| Targa | High | Upcoming large-scale urban regeneration projects and improved public transport access are expected to make this area more desirable. |
| Amelkis | Medium-High | Its proximity to Marrakech, along with new office and residential developments, makes it increasingly attractive to professionals seeking more space. |
| Bab Doukkala | Medium | Gentrification and cultural regeneration projects are attracting new residents, leading to rising prices as the area becomes more fashionable. |
| Sidi Youssef Ben Ali | High | As new luxury developments are launched, demand for premium housing among wealthy buyers is expected to further increase property values. |
| Menara | High | Upcoming restoration of historic sites and high-profile cultural projects are driving a renewed focus on this central, historic location. |
-The best areas to buy a property in Marrakech
If I'm looking to invest in real estate, what types of properties should I focus on for the best value appreciation in Marrakech?
In 2025, Marrakech real estate trends focus on traditional riads with modern amenities, luxury villas in the Palmeraie, properties with private gardens or courtyards, and eco-friendly developments—all driving higher demand and prices. Here is a summary.
- Modernized Traditional Riads:
Combining the charm of traditional Moroccan architecture with modern comforts, these properties are highly sought after by expatriates and tourists. They offer a unique living experience in the heart of the Medina, making them a valuable investment in 2025.
- Luxury Villas in the Palmeraie:
The Palmeraie area is known for its luxurious villas, attracting high-net-worth individuals seeking privacy and exclusivity. Proximity to golf courses and high-end resorts enhances their appeal and potential for value appreciation.
- Properties with Private Gardens or Courtyards:
In Marrakech, outdoor spaces such as private gardens or courtyards are highly desirable, offering a serene escape from the bustling city. These features are increasingly important for buyers, driving up property values.
- Eco-Friendly Developments:
With a growing focus on sustainability, eco-friendly developments are gaining popularity. Properties that incorporate solar energy, water conservation systems, and sustainable materials are likely to see significant appreciation in value.
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