Morocco

The city’s real estate market is characterized by a wide range of properties, including riads (traditional Moroccan houses with interior gardens), villas, apartments, and commercial spaces. Many of these properties showcase intricate tilework, traditional courtyards, and other elements of Moroccan design, attracting buyers looking for a blend of cultural authenticity and modern comfort.

Tourist areas like the Medina, with its historical significance and bustling souks, often feature renovated riads converted into boutique hotels or guesthouses. The Palmeraie district is known for its luxury villas and resorts, offering a peaceful retreat from the city center. Additionally, the Gueliz district, considered the modern part of Marrakesh, has a range of contemporary apartments and commercial spaces.

The Marrakesh real estate market is influenced by both domestic and international buyers. European investors, in particular, found the city appealing due to its proximity to Europe, relatively affordable property prices, and the Moroccan government’s efforts to encourage foreign investment.

It’s important to note that the real estate market is subject to change, influenced by economic factors, government policies, and global events. For the most accurate and up-to-date information on the Marrakesh real estate market, consult one of our local real estate agent.