Investing in real estate in Morocco is an attractive prospect. Property prices are generally lower than in France, and the quality of life is particularly appealing, especially for retirees. However, before taking the plunge, it's essential to carefully consider the location of your future property. While Marrakech remains a top choice for foreign investors, Essaouira—just a three-hour drive away—offers excellent opportunities to purchase a villa, apartment, or riad. There are also plots of land available for construction.
Strong Potential for Property Value Appreciation
Over the past few years, property prices in Essaouira have been steadily rising, making it an ideal market for capital gains. All indicators suggest that this upward trend will continue, meaning an investment today could yield significant profits upon resale.
Even though capital gains are subject to Morocco’s real estate profit tax, they often remain substantial.
Important Note:
To qualify for the repatriation guarantee and transfer your resale proceeds abroad, you must finance at least 30% of the property’s purchase price in foreign currency. For more details, check our dedicated article on repatriating invested funds from Morocco.
A Market Full of Hidden Gems
Unlike some oversaturated markets, Essaouira still offers excellent real estate opportunities, particularly in the outskirts and rural areas. The price per square meter remains highly attractive, making it a great location for both personal use and rental investments. Avoid relying solely on private listings or online forums, as they can sometimes be misleading. Instead, consult professional real estate agents with in-depth market knowledge. Our team specializes in Essaouira real estate and can guide you toward the best locations based on your investment goals.
A Prime Geographic Location
Essaouira boasts an excellent location, making it a strategic choice for real estate investment. The city is served by two airports:
- Essaouira-Mogador International Airport (18 km from the city), which handled over 100,000 passengers in 2018.
- Marrakech International Airport, just under 3 hours away, with a well-maintained road for easy access.
Essaouira is both a seaside resort and a thriving fishing port, making it a favorite destination for Moroccans and international tourists alike. If you’re considering a tourist accommodation business, Essaouira’s growing popularity makes it an excellent choice. With hundreds of thousands of tourists visiting each year, the demand for short-term rentals is on the rise.
High Quality of Life at a Low Cost
Essaouira offers a much lower cost of living than France, allowing access to high-quality services at affordable prices. This affordability is a key reason why both retirees and tourists are drawn to the area. Ocean Proximity & Lifestyle Benefits: A calmer alternative to Marrakech—without sacrificing cultural vibrancy. A growing cultural scene with new events and activities each year. Expanding tourism infrastructure, making it an increasingly dynamic city. Whether you’re looking for a primary residence, a vacation home, or a rental investment, Essaouira’s booming real estate market is an opportunity not to be missed!
