The Moroccan real estate market in the third quarter of 2025 shows clear signs of stabilization. Property prices remained mostly steady, with a modest year-on-year increase of just 0.15%. However, when adjusted for inflation, prices effectively dipped by 1.43%, suggesting that the market is currently balanced, neither overheated nor in decline.

Transaction volumes tell a more cautious story. The number of homes and properties sold fell by about 21% compared to Q3 2024, reflecting a wait-and-see attitude among buyers amid ongoing economic uncertainty.

Despite this slowdown, rental yields remain strong, averaging around 6.7% nationwide. In key investment hubs like Tangier and Marrakesh, yields range between 6% and 9%, keeping the market appealing for both local and international investors.

Regionally, Casablanca continues to attract business buyers and long-term investors, driven by its corporate and commercial growth. Marrakesh remains a top choice for luxury properties and short-term rentals, while Tangier leads the country in rental profitability. Meanwhile, Fès, especially its medina and the Ziat district, is seeing renewed interest in heritage homes and boutique-style residences, a promising trend for investors seeking character and authenticity.

This data comes from recent publications by Bank Al-Maghrib, the High Commission for Planning (HCP) and quarterly reports from the General Directorate of Taxes on Morocco’s property market. It is also supported by analyses from the National Housing and Urban Planning Portal and several private real estate observatories.