Authored by the expert who managed and guided the team behind the Morocco Property Pack
Everything you need to know before buying real estate is included in our Morocco Property Pack
Where are the best places to invest in Morocco right now? Is Marrakech still the top pick, or are cities like Casablanca, Tangier, and Rabat gaining ground? What makes these locations attractive to both local and foreign investors?
We’re often asked these questions because we work directly with notaries, real estate agents, and clients who invest across the country. Our firsthand experience in these markets gives us unique insights into where the real opportunities lie. To save everyone from asking privately, we’ve written this article to share our knowledge broadly.
Our goal is to highlight the hottest markets in Morocco and explain why they’re worth your attention in 2025.
If you have suggestions or want us to dive deeper into a specific area, let us know. You shoot an email, we answer within 24 hours.
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1) Tamesna is gaining attention for its new residential developments and competitive pricing compared to Rabat
Tamesna is quickly becoming a hotspot for new residential developments, thanks to the booming real estate market in Morocco.
In recent years, Morocco's housing market has seen prices soar, with the average home costing around $225,000 by mid-2024. This vibrant market atmosphere is spilling over into Tamesna, making it a place to watch for both buyers and investors.
While we don't have exact numbers comparing Tamesna to Rabat, we do know that Rabat's property prices are quite steep. In the city center, apartments go for about 19,166.67 MAD per square meter, and even outside the center, prices hover around 9,642.86 MAD. This suggests that Tamesna could be a more budget-friendly option, appealing to those seeking competitive pricing.
Across Morocco, there's a noticeable uptick in housing demand and new projects, and Tamesna is likely part of this trend. Although there aren't specific government incentives for Tamesna, Morocco's push to promote its real estate market could indirectly benefit the area.
Interestingly, 86% of homebuyers in Morocco prefer to stay local, indicating a strong shift towards urban living. This trend could mean more growth and development for Tamesna as people look for new places to settle.
Sources: Global Property Guide, Numbeo, Aparthotel.com
2) Safi is gaining interest with its growing industrial sector, boosting demand for residential properties
Safi is becoming a hot spot for property buyers thanks to its booming industrial sector.
In Morocco, foreign direct investment in industry has been strong, with an average of MAD 3 billion since 2012. This influx of capital is transforming cities like Safi into industrial hubs. The Moroccan government has been proactive, implementing strategies that have integrated the country into Global Value Chains, especially in the automotive and aeronautics sectors.
The automotive industry is a standout, with Morocco on track to produce one million vehicles by 2023, exceeding initial forecasts. This growth has doubled the automotive workforce to 150,000 since 2013, creating more job opportunities and drawing people to industrial areas like Safi.
As more people move to Safi for work, the demand for residential properties is rising. The real estate market in Morocco is expected to grow significantly, with a market volume projected to reach US$2.05 trillion by 2029. This suggests that Safi, with its expanding industrial base, could see a similar increase in residential property demand.
People are looking for modern, well-designed homes with amenities, and Safi is poised to meet this demand. The city's industrial growth is not just about factories; it's about creating a vibrant community where people want to live and work.
With the Moroccan government's focus on industrial development, Safi is set to become a key player in the real estate market. The city's transformation is a testament to the broader economic changes happening across Morocco.
Sources: Creating Markets in Morocco, Real Estate - Morocco, Private sector development in Morocco
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.
3) Ifrane is attracting interest with its alpine charm and rising demand for vacation homes, driving up property prices
Ifrane is becoming a hot spot for those seeking a unique alpine experience in Morocco.
Unlike the typical Moroccan landscape, Ifrane offers a refreshing change with its cooler climate and scenic beauty. This has caught the eye of tourists and potential property buyers alike, leading to a noticeable uptick in property prices. The charm of Ifrane is not just in its views but also in the lifestyle it offers, which is increasingly appealing to those looking for a vacation home.
Property prices in Ifrane have been climbing steadily, reflecting its growing allure. While the median sale price in Morocco hit $225,000 by July 2024, Ifrane's unique environment suggests it might have seen even higher growth. This is especially true when compared to cities like Casablanca, where prices haven't kept up with inflation. The demand for properties in Ifrane is driven by its distinctiveness and the promise of a serene escape.
The local government is actively promoting Ifrane as a prime destination for tourism and real estate investment. Their efforts include infrastructure upgrades and strategic marketing campaigns to boost the area's appeal. These initiatives have led to a surge in new vacation home projects, which in turn, are pushing property prices even higher. The development boom is a clear indicator of Ifrane's rising status as a desirable location.
For those considering a property purchase, Ifrane offers a unique opportunity. The combination of its natural beauty, cooler climate, and increasing demand makes it a compelling choice. As more people discover what Ifrane has to offer, the competition for properties is likely to intensify, further driving up prices.
Investing in Ifrane not only means owning a piece of its picturesque landscape but also being part of a growing community. The town's transformation into a sought-after destination is a testament to its potential. With ongoing developments and a steady rise in interest, Ifrane is poised to become a key player in Morocco's real estate market.
Sources: Aparthotel, Global Property Guide, Blog on Buying Property in Morocco
4) Mohammedia is gaining interest for its coastal charm and closeness to Casablanca, driving property appreciation
Mohammedia is becoming a hot spot for property buyers, thanks to its coastal charm and proximity to Casablanca.
In Morocco, property prices have been climbing, with the average home price hitting $225,000 by July 2024. This is a massive 75.8% jump from the previous year, hinting that places like Mohammedia are seeing similar trends. The city's appeal is not just its location but also its lifestyle, offering a perfect blend of city and sea.
Coastal living is in demand, fueled by Morocco's booming tourism. In 2019, tourism brought in Dh32.7 billion ($3.4 billion) in just the first half of the year. This influx of tourists is likely pushing up property values in coastal areas like Mohammedia, making it a smart investment choice.
Mohammedia's closeness to Casablanca is a big draw for commuters. Many prefer the relaxed coastal lifestyle while working in the bustling city. This commuter interest is a key factor in driving up property prices, as more people look to settle in Mohammedia.
New residential and commercial projects are popping up in Mohammedia, signaling growing investment and interest in the area. This development boom is a clear indicator that the region is on the rise, attracting both local and international buyers.
Sources: Morocco Housing Market Overview, Morocco Repositions Tourism, Residential Real Estate in Morocco
5) Oujda is gaining interest for its affordable property prices and potential for significant appreciation with improving infrastructure
Oujda is quickly becoming a prime spot for property investors in Morocco.
One of the main draws is the affordable property prices compared to other major cities like Rabat. Imagine getting a spacious apartment in Oujda's city center for a fraction of what you'd pay elsewhere. This affordability means investors can get more bang for their buck, making it a smart choice for those looking to stretch their investment dollars.
Even with a slight dip in real estate prices in 2024, Oujda remains a hot ticket. The decrease here is less pronounced than in other cities, showing that interest in Oujda is still strong. This stability, coupled with a small price increase in 2022, hints at a promising future for property values as the city's infrastructure gets a boost.
Speaking of infrastructure, the government is pouring resources into improving Oujda's water supply and sanitation services. These upgrades are set to make the city more livable and attractive to investors. Historically, when cities enhance their infrastructure, property values tend to rise, and Oujda is poised to follow this pattern.
Investors are eyeing Oujda not just for its current affordability but for its potential for significant appreciation. As the city continues to develop, those who invest now could see substantial returns. The combination of low entry costs and the promise of future growth makes Oujda a compelling choice for savvy investors.
With ongoing improvements and a stable market, Oujda is not just a place to buy property; it's a city on the rise. The potential for appreciation as infrastructure projects come to fruition is a key factor driving investor interest. Oujda's transformation is a testament to its growing appeal in the real estate market.
Sources: Statista, Numbeo, ILO, ET Edge Insights, Global Property Guide
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6) Tetouan is booming with its scenic beauty and rising popularity among expatriates seeking second homes
Tetouan is seeing a surge in real estate activity thanks to its scenic beauty and growing popularity among expatriates.
While the broader Moroccan real estate market has faced challenges, Tetouan has shown resilience. In 2024, property prices in Tetouan remained stable, with some reports even indicating a slight increase. This stability is largely due to its picturesque landscapes and the influx of expatriates looking for second homes.
The number of real estate transactions in Tetouan is on the rise, which contrasts with the broader Moroccan market trend. This increase is driven by the city's appeal to both local and international buyers. Real estate agencies have reported a growing interest in Tetouan, highlighting it as a hotspot for foreign buyers, particularly those drawn to its scenic beauty and cultural heritage.
Moreover, Tetouan is part of a region experiencing a significant surge in tourism, with ambitious projects aimed at developing tourist areas and infrastructure. This growth in tourism is further enhancing Tetouan's appeal as a residential destination. The Moroccan government is also actively promoting Tetouan, with initiatives to improve infrastructure and amenities, making it an even more attractive place for expatriates and tourists alike.
With its unique blend of natural beauty and cultural richness, Tetouan is becoming a preferred choice for those seeking a second home. The city's charm is not just in its landscapes but also in its vibrant community and lifestyle. This makes it a compelling option for expatriates who want a slice of Moroccan life.
As Tetouan continues to grow in popularity, the real estate market is expected to remain robust. The combination of government support, tourism growth, and expatriate interest is creating a perfect storm for real estate success in this picturesque city.
Sources: Morocco Residential Real Estate Market Analysis 2024, Tourism Roadmap 2023-2026: major projects in the Tangiers-Tetouan-Al Hoceima region, Morocco's Tourism Surge: A Beacon of Hope for Africa's Travel Industry
7) Laayoune is gaining attention with government infrastructure investment and growing demand for residential and commercial properties
Laayoune is quickly becoming a real estate hotspot in Morocco.
With a population growth of 1.71% in 2024, reaching 258,081 people, more folks are on the hunt for homes, driving up the demand for residential properties. This surge in population is not just numbers; it's about families, professionals, and businesses looking for opportunities in a city that's on the rise.
The Moroccan government is pouring resources into infrastructure, which is a big deal for Laayoune. While specific projects in the city aren't detailed, the country's real estate market is a key player in economic growth. This likely means new roads, schools, and utilities are in the works, making the city more appealing for both living and business ventures.
Property prices in Morocco are on the move, especially in big cities like Casablanca and Marrakesh, where they've either increased slightly or stayed stable. This trend is likely spilling over into Laayoune, making it a smart choice for real estate investment. Investors are starting to notice, and the city's potential is becoming hard to ignore.
Laayoune's charm isn't just in numbers and infrastructure; it's in the vibe of a city that's growing and evolving. The mix of new developments and traditional Moroccan culture creates a unique living experience. This blend is attracting a diverse crowd, from young professionals to retirees, all looking to be part of something new and exciting.
As the city continues to develop, the opportunities for commercial properties are also expanding. Businesses are eyeing Laayoune as a place to set up shop, thanks to the rising demand for commercial spaces. This is a city on the brink of transformation, with the potential for significant returns on investment.
Sources: World Population Review, Mobility Foresights, Global Property Guide
8) Bouskoura is attracting interest for its luxury villas and closeness to Casablanca, providing high rental yields for investors
Bouskoura is turning heads with its luxury villas and closeness to Casablanca, a bustling economic center.
Living in Bouskoura means enjoying a high-end lifestyle while being just a short commute from the city. The area is becoming a hotspot, especially with the development of Bouskoura Golf City, which offers amenities like a golf course and shopping areas. This makes it a prime choice for those seeking luxury without sacrificing convenience.
The demand for luxury villas here is climbing. For instance, a semi-finished villa recently sold for 14,000,000 DH, or about $1.4 million USD. This sale highlights the growing interest in upscale living in the area, further emphasized by the 2580 properties available in Bouskoura Golf City.
Investors are eyeing Bouskoura for its promising rental yields. In 2024, Morocco's average gross rental yield was 7.91%, and Bouskoura's yields range from 6.75% to 7.94%. This makes it a lucrative spot for real estate investment, offering both high returns and a desirable location.
With its luxury appeal and strategic location, Bouskoura is not just a place to live but a smart investment. The combination of high-end living and strong rental yields is drawing both homebuyers and investors alike.
Sources: Prestigia Morocco, Global Property Guide, Le Figaro Properties
We created this infographic to give you a simple idea of how much it costs to buy property in different parts of Morocco. As you can see, it breaks down price ranges and property types for popular cities in the country. We hope this makes it easier to explore your options and understand the market.
9) Taghazout is gaining attention for its booming tourism and increasing demand for vacation rentals
Taghazout is quickly becoming a prime spot for real estate investment thanks to its thriving tourism scene and the growing need for vacation rentals.
In 2024, Morocco saw a 20% jump in tourism, welcoming 15.9 million visitors by November. This surge is a big win for Taghazout, a favorite among travelers. With major events like the 2025 AFCON and the 2030 FIFA World Cup on the horizon, the area is set to see even more demand for places to stay, from hotels to vacation homes.
Hilton is making a bold move by planning to double its presence in Morocco, adding over 1,300 rooms across nine new hotels. This expansion will boost the hospitality scene in Taghazout and nearby areas, making it even more appealing to investors.
The Moroccan government is pulling out all the stops to promote Taghazout as a top tourist destination. Their efforts to improve tourism infrastructure and launch marketing campaigns are set to draw in more visitors and investors. This push will make Taghazout an even hotter spot for real estate.
Local infrastructure is getting a facelift, with better transportation networks and more accommodations on the way. These improvements are crucial for supporting the booming tourism industry in Taghazout, making it a magnet for real estate investors.
With all these developments, Taghazout is not just a beautiful beach town; it's a thriving investment opportunity waiting to be tapped. The combination of government support, major events, and hospitality expansion is setting the stage for a real estate boom.
Sources: Skift, Housing Place, Middle East Monitor
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.