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Regional Statistics

Oct 31, 2016

Morocco: reasonably good yields of around 5.5% to 7.2%.

Last Updated: Oct. 31, 2016
MARRAKECH - Apartments COST ($) YIELD (p.a.) PRICE/SQ.M. ($)
80 sq. m. 99,040 580 7.03% 1,238 7.25
120 sq. m. 1,49,880 820 6.56% 1,249 6.83
CASABLANCA - Apartments
80 sq. m. 122,480 665 6.51% 1,531 8.31
120 sq. m. 185,880 854 5.52% 1,549 7.12
450 sq. m. 796,950 2,732 4.11% 1,771 6.07
1000 sq. m. 1,619,000 5,020 3.72% 1,619 5.02
Districts researched
Marrakech: Gueliz, Hivernage, Palmeraie, Semlalia
Casablanca: Ain Diab, Anfa, Belvedere, Bourgogne, Californie, Gauthier, Hopitaux, Oasis
Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule

Prices of Riads in Marrakesh have fallen significantly since the peak, and a price of US$2,400 per square metres (sq. m.) is now typical (in mid 2009 astronomical prices equivalent to US$3,000 were being asked, sometimes up to US$4,000). A 500 sq m. riad which might then have sold for the equivalent of US$1.5 million would now fetch US$1.2 million.

The riad market was foreign-oriented. It over-reached itself and suffered an overblown speculative frenzy. When the crisis hit and the ‘rich money’ left town. Since then, prices have recovered somewhat.

In contrast, prices of apartments in Marrakesh have stayed virtually unchanged, at around US$2,000 per sq. m. The same is true in Casablanca.

Gross rental yields in both Marrakesh and Casablanca are moderately attractive at between 5.5% to 7.2%.

Round trip transaction costs are high in Morocco. See our Residential property transaction costs analysis for Morocco and Residential property transaction costs in Morocco compared to the continent.


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