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Marrakech – Morocco has become an increasingly popular destination for French buyers, particularly those with dual nationality, seeking real estate opportunities abroad.
According to a report published on July 28 by Michel Lechenault, the web editorial director at PAP.fr, thousands of French citizens are turning to Morocco for property purchases each year.
The report cites a number of reasons behind this growing trend, including attractive prices, geographical proximity, and the rich Moroccan culture.
Lechenault highlights that retirees, young professionals, and entrepreneurs alike are finding appealing prospects in Morocco. “Marrakech, Casablanca, and Rabat are among the most sought-after destinations for real estate purchases in Morocco,” he states.
These cities offer a diverse range of properties, from modern apartments to traditional riads, catering to various preferences and budgets.
The report further elaborates on the regional differences in the Moroccan real estate market.
While Marrakech attracts both local and international buyers with its varied offerings, Casablanca, the economic capital, presents interesting opportunities in a dynamic city.
Rabat, the administrative capital, appeals to buyers with its quality of life and modern infrastructure.
Other cities such as Agadir, Tangier, Fez, and Meknes also offer attractive opportunities, each with its unique charm and advantages.
Lechenault provides a table of average prices per square meter in different regions, ranging from €630 to €1,800.
He notes that “affordable properties can be found around €600 per square meter when moving slightly away from these cities.”
The report also explores the types of properties available in Morocco.
Houses and villas in picturesque areas are in high demand, with examples such as a 124 m² house in Fez offered at €100,000 and a 226 m² villa near Casablanca priced at €191,000.
Read also: Morocco’s Housing Market Cools Despite Modest Price Increase
Apartments in major cities like Rabat and Agadir are also popular, with prices starting from €42,000 for a 74 m² apartment.
Traditional Moroccan houses, known as riads, are highly sought after for their authentic charm and architecture.
Lechenault mentions a 423 m² riad in Chouiter, with views of the Atlas Mountains, offered at €120,000.
For investors, the report highlights interesting land opportunities, such as a 3,000 m² plot near Marrakech priced at €45,000, which has attracted potential buyers.
Lechenault emphasizes that purchasing real estate in Morocco can be an excellent investment opportunity or a chance to live in an exceptional setting.
“Whether for a primary residence, secondary home, or a rental investment, the Moroccan market offers a diversity of choices to meet all expectations,” he concludes.
