Current trends in the Marrakech property market

Current trends in the Marrakech property market: Analysis of recent price trends, fashionable neighbourhoods and the most sought-after property types.

Constantly changing price dynamics

Over the past few years, the Marrakech property market has seen a significant increase in prices in several areas of the city. After a period of post-pandemic stabilisation, we are now seeing a gradual but solid recovery in property transactions. Prices per square metre have risen by an average of between 8% and 12% in the most sought-after districts, while some outlying areas have seen a more moderate but steady increase in value. This upward trend is mainly due to the massive return of foreign investors and the growing interest of Moroccans living abroad in their home town. The scarcity of available land in certain areas is also contributing to this upward pressure on prices, particularly in the medina and historic districts where demand is far outstripping supply.    

Eye-catching districts

While Marrakech remains a popular destination for investors, certain districts stand out in particular. Hivernage and Guéliz continue to attract with their centrality and modern infrastructure. However, we are seeing a new trend with the emergence of previously less sought-after districts, such asthe Palmeraie, which is experiencing a spectacular resurgence of interest, particularly for luxury properties and residences with green spaces. Even more surprisingly, the Targa district is emerging as the new darling of investors, with an increase in enquiries of over 25% in one year. The Route de l'Ourika and Route de Fès areas are also attracting more and more buyers looking for space and tranquillity, while remaining close to the city centre.

Property types: between traditional and modern

An analysis of recent transactions reveals a diversification of demand in terms of property types. Riads in the medina continue to appeal to an international clientele, particularly from Europe, who are looking for authentic Moroccan character and commercial opportunities for guest houses. However, we are seeing a strong growth in demand for modern luxury flats in the new residential areas. The most sought-after criteria are now the presence of spacious terraces,communal green spaces and security services. Contemporary villas with swimming pools in gated communities also continue to attract a discerning clientele, with a marked preference for eco-friendly construction and intelligent design.  

The impact of new infrastructure on the market

The ongoing development of Marrakech's infrastructure is playing a key role in shaping the local property market. The expansion of the international airport, improvements to the road network and the planned arrival of the high-speed train are making a significant contribution to the attractiveness of certain areas that were previously considered too remote. Neighbourhoods located close to the new shopping centres and leisure complexes are experiencing rapid development. The emergence of high-quality medical and educational centres in areas such as Tamansourt and Route de Casablanca is also redrawing the map of the Ochre city's real estate appeal.   [caption id="attachment_30865" align="aligncenter" width="600"] Marrakech property market[/caption]

Future prospects and investment advice

Projections for the next few years suggest that this positive trend will continue, although with a possible moderation in price rises in areas that have already seen the biggest increases. The most promising investment opportunities today lie in developing areas, where major infrastructure projects are planned. Investors should keep a close eye on new building regulations and large-scale urban projects, which could considerably change the face of certain districts. Diversification of the property portfolio remains a recommended strategy, combining properties in established areas with more daring investments in emerging districts with high growth potential.