Investing in property in Morocco

One country, several markets

Whether it is an apartment in Agadir, a villa in Marrakech or a city home intended for a long-term let, buying property in Morocco can combine personal use, quality of life and the building of assets. The outcome nevertheless depends on the choice of city, the micro-location, a realistic model of use and rigorous checks on the property.

Morocco is not a single, uniform market. A holiday apartment in Marrakech does not follow the same rules as a home let year-round in Rabat. Good results do not come from the act of buying alone, but from the combination of location, quality of the property, purchase price, use and management.

The context

• Tourism. Morocco welcomed 19.8 million tourists in 2025, according to the Ministry of Tourism; the official target is 26 million in 2030.
• Infrastructure. A MAD 38 billion programme was signed in July 2025 to extend the airports by 2030, and a Kénitra–Marrakech high-speed rail line is under construction, with entry into service planned for the end of 2029.
• Economy. Growth reached 4.9% in 2025 according to the national accounts of the High Commission for Planning (Haut-Commissariat au Plan) (provisional figure).
• Property prices. According to the official Bank Al-Maghrib / ANCFCC index, real estate asset prices rose by 0.7% year on year in the 2nd quarter of 2026.
• Access. Morocco is linked by direct flights to several airports in Germany, Austria and Switzerland, in around four hours; routes vary with the season.

These figures describe a general context. They cannot be used to forecast how the value of, or income from, a particular property will change.

What a foreign buyer needs to know

The right to buy

Foreigners may buy property in Morocco. Agricultural land and land outside urban boundaries are subject to restrictions and to a specific procedure (a certificate of non-agricultural use, the attestation de vocation non agricole), which must be examined case by case.

The land title (titre foncier)

We recommend giving preference to titled properties, whose legal position can be consulted at the land registry (ANCFCC). Untitled properties rest on traditional deeds and call for in-depth legal analysis.

The authentic (notarial) deed

Since July 2026, property sales, preliminary sale agreements and special powers of attorney must be drawn up as authentic deeds. In practice, foreign buyers use a notary.

Acquisition costs

These include, in particular, registration duty (4% for a built property, 5% for bare land), land registry fees (1.5% plus a fixed fee, according to the ANCFCC tariff) and the notary’s fees. The notary draws up a precise statement for each transaction.

Transferring funds

To be able to transfer the proceeds of a resale back abroad, the purchase must have been financed with foreign currency brought into Morocco and documented by the bank. That paper trail must be built up from the outset.

Letting

Short-term holiday letting is governed by Law 80-14 and its implementing texts, whose application to individual furnished properties is still under way. The co-ownership rules may also restrict this use. These points are checked before purchase, not after.