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Everything you need to know before buying real estate is included in our Morocco Property Pack
Thinking about buying a 3-bedroom apartment in Marrakech? It’s a vibrant city, 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 areas like Casablanca or Rabat 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 Morocco Property Pack.
Will property prices increase in Morocco in 2025?
Yes, property prices in Morocco are expected to rise in 2025, driven by a combination of economic growth and increased foreign investment.
Backed by our fresh, in-depth market analysis, we’re confident that Morocco remains an attractive destination for both domestic and international investors.
While there are challenges such as inflation and potential political instability, the main drivers behind Morocco’s price growth are strong and persistent.
Demand, particularly in urban areas like Casablanca and Marrakech, continues to outpace supply, making significant price drops unlikely. Additionally, Morocco's strategic location and improving infrastructure continue to attract interest from global investors.
Signals pointing to a property price increase in Morocco
Here are some factors suggesting prices could increase:
The Moroccan government is investing heavily in infrastructure projects, such as new roads and public transportation systems, which are expected to enhance connectivity and boost property values in key urban areas.
Foreign direct investment in Morocco's real estate sector is on the rise, with international investors attracted by the country's stable economic growth and strategic location, which is likely to drive up property prices.
The tourism sector in Morocco is experiencing a strong recovery post-pandemic, leading to increased demand for holiday homes and rental properties, particularly in popular tourist destinations like Marrakech and Agadir.
Morocco's growing middle class is driving demand for residential properties, particularly in urban centers, as more people seek to own homes, contributing to upward pressure on prices.
The Moroccan government is implementing policies to encourage sustainable and energy-efficient building practices, which could increase the value of properties that meet these standards.
The expansion of Morocco's industrial and commercial sectors is attracting a workforce that requires housing, thereby increasing demand for residential properties in industrial hubs.
The Moroccan dirham's relative stability against major currencies makes the country an attractive investment destination, encouraging more foreign buyers to enter the property market.
Signals pointing to a property price decrease in Morocco
Here are some factors suggesting prices could fall:
Rising inflation rates in Morocco could erode purchasing power, making it more difficult for potential buyers to afford property, which could dampen demand.
Political instability or changes in government policy could create uncertainty in the real estate market, potentially leading to a decrease in investor confidence and a slowdown in property price growth.
An oversupply of new housing developments in certain areas could lead to a saturation of the market, putting downward pressure on property prices as developers compete to attract buyers.
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If property prices go up in Morocco, how much would they increase by?
If real estate prices in Morocco were to rise in 2025, the increase would likely be between 3% to 7% of their 2024 values.
Typically, real estate in emerging markets like Morocco appreciates by approximately 3% to 7% annually over the long term. However, fluctuations can occur depending on factors such as region, season, and property type.
It means that, if you spot a charming riad in Marrakech for 1,000,000 MAD today, don't be surprised if it's priced between 1,030,000 and 1,070,000 MAD this time next year.
To give you a better understanding, here is a table that shows 7 types of Moroccan 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) |
|---|---|---|---|---|
| Riad (150 sqm / 1,615 sqft) | 1,500,000 MAD | 1,545,000 MAD | 1,575,000 MAD | 1,605,000 MAD |
| Modern Apartment (100 sqm / 1,076 sqft) | 2,000,000 MAD | 2,060,000 MAD | 2,100,000 MAD | 2,140,000 MAD |
| Luxury Villa (300 sqm / 3,229 sqft) | 5,000,000 MAD | 5,150,000 MAD | 5,250,000 MAD | 5,350,000 MAD |
| Studio (50 sqm / 538 sqft) | 800,000 MAD | 824,000 MAD | 840,000 MAD | 856,000 MAD |
| Loft (120 sqm / 1,292 sqft) | 2,500,000 MAD | 2,575,000 MAD | 2,625,000 MAD | 2,675,000 MAD |
| Townhouse (200 sqm / 2,153 sqft) | 3,000,000 MAD | 3,090,000 MAD | 3,150,000 MAD | 3,210,000 MAD |
| Investment Property (80 sqm / 861 sqft) | 1,200,000 MAD | 1,236,000 MAD | 1,260,000 MAD | 1,284,000 MAD |
Everything you need to know is included in our Property Pack for Morocco
If real estate prices go up in Morocco, which areas are likely to see the biggest increases?
Today, people who want to move to Morocco are looking for a blend of traditional charm and modern amenities, which Marrakech's Medina offers. Hence, we could see a price increase there in 2025.
Also, lately, there's been a shift toward more youthful, vibrant neighborhoods, and Gueliz in Marrakech 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 Moroccan market.
| Neighborhood | Level of Increase | Why |
|---|---|---|
| Marrakech's Medina | High | Recent development of luxury riads and its increasing appeal to international buyers as travel normalizes post-pandemic, driving demand. |
| Casablanca's Anfa | High | Expected rise due to limited housing stock, upcoming renovations to heritage buildings, and growing demand for prime properties in central Casablanca. |
| Agadir's Marina | Medium-High | Ongoing gentrification and new transport links, along with several planned redevelopment projects in the area, are likely to push prices higher. |
| Rabat's Hay Riad | Medium | The shift towards hybrid workspaces is driving demand for residential properties near business districts, combined with new mixed-use developments. |
| Tangier's Malabata | Medium-High | Eco-friendly urban projects and recent construction of new schools and parks are increasing its attractiveness for families, pushing prices upward. |
| Essaouira's Old Town | Medium | Investment in local infrastructure, such as the extension of tram lines and renovation of historic areas, is boosting long-term value. |
| Fes's Ville Nouvelle | Medium-High | With new cultural and commercial spaces being developed, this trendy neighborhood is seeing increased demand from both residents and investors. |
| Gueliz, Marrakech | High | Upcoming large-scale urban regeneration projects and improved public transport access are expected to make this area more desirable. |
| Casablanca's Maarif | Medium-High | Its proximity to business districts, along with new office and residential developments, makes it increasingly attractive to professionals seeking more space. |
| Chefchaouen's Old Town | Medium | Gentrification and cultural regeneration projects are attracting new residents, leading to rising prices as the area becomes more fashionable. |
| Rabat's Souissi | High | As new luxury developments are launched, demand for premium housing among wealthy buyers is expected to further increase property values. |
| Meknes's Imperial City | High | Upcoming restoration of historical sites and high-profile cultural projects are driving a renewed focus on this central, historic location. |
If I'm looking to invest in real estate, what types of properties should I focus on for the best value appreciation in Morocco?
In 2025, Morocco's real estate trends focus on tech-smart, energy-efficient apartments, traditional riads with modern amenities, properties with outdoor spaces, and eco-friendly buildings—all driving higher demand and prices. Here is a summary.
- Tech-Equipped and Energy-Efficient Apartments:
Driven by remote work and sustainability trends, these homes offer smart technology features and energy-saving systems. They cater to young professionals and tech workers, making them a hot commodity in 2025, especially in cities like Casablanca and Rabat.
- Traditional Riads with Modern Amenities:
In cities like Marrakech and Fes, there is a growing interest in traditional Moroccan homes, known as riads, that have been updated with modern conveniences. These properties offer a unique blend of cultural heritage and contemporary living, attracting both locals and international buyers.
- Properties with Outdoor Spaces:
Post-pandemic, outdoor spaces like terraces, courtyards, or gardens have become highly desirable. In urban areas, these features offer a much-needed escape and are likely to drive up property values, particularly in cities with limited green spaces.
- Eco-Friendly Buildings with Low Carbon Footprints:
Morocco's commitment to sustainability, highlighted by projects like the Noor Solar Plant, is boosting demand for eco-certified buildings. Buyers are increasingly valuing properties that align with the country's green goals, leading to price appreciation in this category.
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