Morocco's Property Market in 2026: A Balanced Snapshot
A calm, data-informed look at where Moroccan property prices, rental yields and demand stand in 2026 — from Marrakech riads to Casablanca apartments and Tangier's rising coast.
Morocco enters 2026 with a property market that feels steady rather than spectacular. After a few volatile years, prices have settled into a phase of gentle, mostly flat movement, while renewed tourism and a wave of infrastructure spending quietly reshape demand. For anyone trying to understand the country from the outside, the picture is one of stability with pockets of genuine momentum.
Where prices stand
Across the major cities, apartment prices per square metre cluster in a broadly similar range. In Casablanca, the median sits around 12,000 MAD/m² (roughly €1,120), with averages nearer 14,000 MAD/m². Marrakech is comparable, with a median close to 10,500 MAD/m² (about €985) and prime Medina riads reaching 25,000–40,000 MAD/m². Tangier remains the most accessible of the three, with a median near 9,800 MAD/m² (about €917), though premium districts like Malabata command far more.
Yields and the recent trend
Gross rental yields are one of Morocco's quieter strengths. In Casablanca, average gross yields sit near 7.31%, comfortably above many European capitals. Price growth, by contrast, has been modest: national data points to a year-on-year rise of only about 0.15–0.2% in nominal terms, meaning prices were roughly flat — and slightly negative once inflation is considered. Transaction volumes have also cooled compared with the prior year.
What is driving demand
Several forces are converging. Tourism continues to break records, feeding demand for short-let riads and coastal apartments. Foreign buyers, drawn by lifestyle and relative value, keep second-home purchases active in Marrakech and along the north coast. Above all, preparations for the 2030 FIFA World Cup — co-hosted by Morocco — are channelling heavy investment into transport, stadiums and urban upgrades, with Casablanca and Tangier among the main beneficiaries.
The main risks
None of this is without caveats. Weak real price growth means capital appreciation is far from guaranteed. Softer transaction activity hints at cautious buyers, and much of the World Cup optimism is already priced into certain hotspots. Currency, financing conditions and the gap between headline and achievable rents all warrant care.
A brief, honest note: the figures above are estimates drawn from public sources — Global Property Guide, the Bank Al-Maghrib / HCP real estate price index, and local agency data. They are indicative snapshots, not precise valuations, and local conditions vary widely.
Information only — not legal, tax or investment advice. Please consult a qualified local professional before making any decision.
Sources: globalpropertyguide.com, bkam.ma, sandsofwealth.com, agenz.ma, hcp.ma