Morocco: House Prices, Rents, and Rental Yields
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Last Updated: Oct 07, 2009
Marrakech riads becoming expensive
| Last Updated: Oct. 10, 2009 | |||||
| MARRAKECH - Apartments | COST ($) | YIELD (p.a.) | PRICE/SQ.M. ($) | ||
| TO BUY | MONTHLY RENT | TO BUY | MONTHLY RENT | ||
| 60 sq. m. | 124,200 | 781 | 7.55% | 2,070 | 13.02 |
| 90 sq. m. | 192,060 | 1,001 | 6.25% | 2,134 | 11.12 |
| 120 sq. m. | 259,320 | 1,403 | 6.49% | 2,161 | 11.69 |
| 200 sq. m. | 470,000 | 2,406 | 6.15% | 2,350 | 12.03 |
| MARRAKECH - Riads | |||||
| 75 sq. m. | 315,600 | n.a | n.a | 4,208 | n.a |
| 120 sq. m. | 365,520 | n.a | n.a | 3,046 | n.a |
| 160 sq. m. | 549,440 | n.a. | n.a. | 3,434 | n.a. |
| 200 sq. m. | 660,600 | n.a | n.a | 3,303 | n.a |
| 270 sq. m. | 864,000 | n.a | n.a | 3,200 | n.a |
| 500 sq. m. | 1,607,500 | n.a | n.a | 3,215 | n.a |
| CASABLANCA - Apartments | |||||
| 70 sq. m. | 120,190 | 917 | 9.16% | 1,717 | 13.10 |
| 120 sq. m. | 217,920 | 1,117 | 6.16% | 1,816 | 9.31 |
| 200 sq. m. | 412,400 | 2,210 | 6.44% | 2,062 | 11.05 |
| CASABLANCA - Houses | - hOIS|||||
| 500 sq. m. | 1,285,000 | 4,930 | 4.60% | 2,570 | 9.86 |
| Districts researched Marrakech: Gueliz, Palmeraie, Hivernage, Medina, Semlalia Casablanca: Hopitaux, Gauthier, Ain Diab, Anfa, Californie, Belvedere, Bourgogne, Oasis Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule |
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Gross rental yields in Morocco are almost unchanged on previous years. Yields are generally rather acceptable. In Casablanca, yields range from 6.4% to 9.2% for apartments, but are much lower (as might be expected) for houses, at 4.6%.
In Marrakech, as in all previous years, we were unable to get enough data to offer numbers for yields on riads. However, apartments in Marrakech offer acceptable yields at between 6.2% and 7.6%.
The prices of Marrakech riads continue to mount. This year saw riads prices definitively breach the US$3,000 per square metre barrier. for all riad sizes, with the very smallest riad size category reaching US$4,000 per square metre.
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posted by Moroccan | 2008-07-04
Marketing Manager, El jadida Morocco
Please Note that Morocco is note in the Middle east as shown in this Web site , Morocco is in Africa
posted by our Editor: Matthew Pollock | 2008-07-04
You are assuming that everyone uses the term "Middle East" in exactly the same way. However, this is not the case. Please see the useful Wikipedia discussion of the term "Middle East".