Fez City Guide

Agadir City Guide

City guide

Agadir is Morocco's premier Atlantic beach-resort city and capital of the Souss-Massa region, rebuilt on a modern grid after the 1960 earthquake and marketed on 300-plus sunshine days, a long sandy bay and steady tourism. Foreigners may freely buy urban and residential property here, with agricultural land the only significant restriction. As of September 2025 city-centre apartments averaged about MAD 12,800/m2 and suburban stock about MAD 9,400/m2, and nominal prices were broadly flat to slightly negative over the year, a neutral-to-soft signal worth noting. Yields vary sharply by district: premium expatriate-targeted apartments in Founty and Sonaba run roughly 6-7% gross, while budget stock in Talborjt and outer areas can reach 8-10%, albeit with Talborjt now seen as approaching saturation. The blended city average is about 4.8%.

Casablanca

City guide

Casablanca is Morocco's economic capital and largest city -- the country's commercial, banking, and industrial centre. Unlike tourism-driven Marrakech, Casablanca is a working business city anchored by the Casablanca Finance City (CFC) -- a regulated financial hub designed to be Africa's financial gateway, alongside Royal Air Maroc HQ, OCP (one of the world's largest phosphate producers), and major Moroccan banks. Residential prices in prime districts (Anfa, Maarif, CIL, Bourgogne, Gauthier) range from MAD 12,000-25,000 per square metre (USD 1,200-2,500), with gross yields of 5.0-7.0%. The market is dominated by long-term rental tenants -- corporate executives, finance professionals, and international workers at multinational regional offices. For international buyers, Casablanca offers African financial hub status, USD/EUR-stable currency, no foreign ownership restrictions, and a more institutional tenant base than Marrakech. The catch: it's a working city without Marrakech's tourist appeal, short-let opportunities are limited, and traffic and urban density are challenging.

Marrakech

City guide

Marrakech is Morocco's most internationally recognised city -- the 'Red City' of UNESCO-listed medina, ochre walls, Atlas Mountain backdrop, and a tourism economy that has drawn European retirees, second-home buyers, and creative-class purchasers for decades. The city is consistently one of North Africa's strongest property markets for foreign buyers. Residential prices vary widely by sub-market: traditional riads in the medina sell for MAD 8,000-15,000 per square metre, while villas in the Palmeraie or Hivernage districts run MAD 15,000-30,000 per square metre (USD 1,500-3,000). Modern apartments in Gueliz are MAD 10,000-18,000 per sqm. Gross yields on short-let riads can reach 8-12% with good management; long-let yields are more modest at 4-6%. For international buyers, Marrakech offers Mediterranean lifestyle, strong tourism-driven short-let yields, freehold for foreigners with no restrictions, USD/EUR-stable MAD (managed peg basket), and a well-established expatriate community. The catch: liquidity is patchy outside core districts, the riad renovation market has hidden complexity, and resale times can run 6-18 months.

Rabat City Guide

City guide

Morocco's political capital and a UNESCO World Heritage city, Rabat combines administrative stability with the country's strongest recent property momentum. As the seat of government and diplomacy, the city draws steady demand from civil servants, embassies, professionals, and a large returning diaspora - a tenant base less cyclical than tourism-led Marrakech or commercial Casablanca. Investment activity concentrates on the leafy prime districts of Agdal and Hay Riad, the premium villa enclaves of Souissi and L’Orangeraie, fast-appreciating El Menzeh, and the gentrifying Bouregreg waterfront and Bab Al Bahr zone across the river in Salé. Average prices sit around MAD 14,000 per square metre, rising beyond MAD 20,000 in prime Souissi, while three-bedroom apartments in Agdal trade at MAD 2-3.5 million. In late 2025 Rabat posted the strongest quarterly performance of Morocco's major cities - prices up 3.2% and transactions up 27% in a single quarter, outpacing Casablanca and Marrakech. With the Rabat-Salé tramway extension and improved highway links opening up previously overlooked areas, the city pairs 5-7% gross rental yields with steady appreciation for total-return-focused investors.

Tangier City Guide

City guide

Guarding the Strait of Gibraltar at the meeting point of the Mediterranean and the Atlantic, Tangier has transformed from a faded international city into one of North Africa's most dynamic industrial and logistics hubs. The catalyst is Tanger-Med, Africa's largest port, whose expansion has drawn manufacturing, free-zone activity, and a wave of employment that is reshaping property demand across the metropolitan area. Investment focus centres on the seafront prime districts of Malabata and Iberia, the historic Medina, the city centre, and the new-build corridors radiating toward the port and free zones. Apartments average MAD 10,800-14,200 per square metre as of late 2025, with prime Malabata and Iberia commanding MAD 13,500-14,200 and luxury villas reaching MAD 16,300-18,500. Prices remain roughly 15% below comparable Casablanca stock, leaving room for the gap to narrow. The residential market has grown 4-6% annually - with prime seafront areas up 15-20% on infrastructure and the upcoming Africa Cup of Nations - while citywide gross rental yields average around 6.8%, rising toward 8-9% for well-run short-term holiday lets.

Morocco country guide

Country guide