Assessing the potential of a property in Marrakech

A booming property market in Marrakech

Marrakech, nicknamed "the Pearl of the South", is a Moroccan city full of charm and authenticity that is attracting more and more foreign investors. The city's ideal location, between the Atlas Mountains and the desert, makes it a highly sought-after tourist destination. But in addition to its tourist potential, Marrakech also offers a property market that has been booming in recent years, with affordable prices and constantly rising demand. If you are looking for a property in MarrakechHere are a few things to bear in mind when assessing its potential.

Location: a determining factor

As with all investment Location is a key factor in assessing the potential of a property in Marrakech. As the city is constantly expanding, it is important to take into account the property's immediate surroundings, as well as its access to amenities and infrastructure. The most popular are often the historic districts, such as the Medina or Guéliz, but outlying districts such as Targa or Hivernage can also offer good opportunities.

It is also important to consider proximity to tourist attractions and public transport, as well as the safety of the area. Properties near the medina, with its souks and historic monuments, are generally very popular with tourists and investors.

The type of property and its general condition

The type of property is also a determining factor in assessing its potential in Marrakech. Riads and traditional cast-iron houses in the Atlas mountains are highly sought-after for their charm and authenticity, but so are modern flats in secure residences with swimming pools and gardens. It is crucial to check the general condition of the property, particularly in terms of any major works that need to be carried out, to get a clear idea of the total cost of the investment.

It is also important to check that the property complies with building permits and current regulations. Properties located in protected areas or those classified as historic heritage sites may be subject to restrictions on renovation or extension work.

The market price

In general, property prices in Marrakesh are very attractive to foreign investors, with prices generally lower than those in major European cities. However, it is important to carry out an analysis of the market to ensure that the property is correctly valued in relation to local prices. Don't hesitate to call on the services of an estate agent who knows the area well. market to advise you on prices and market trends.

The seasonal rental offer

Marrakech is a very popular tourist destinationSeasonal letting can be an excellent way of making a return on a property investment in the city. It is therefore important to take into account the supply of and demand for rental properties in the desired area. If the property is to be rented on a seasonal basis, it may be a good idea to find out about the rental management services offered by local estate agents.

Foreign investment legislation

Finally, it is important to find out about the current legislation on property investment for foreigners in Marrakesh. In recent years, Morocco has relaxed its laws to encourage foreign investment in real estate, but it is still advisable to find out about the procedures to be followed and the necessary authorisations before buying property in the city.

En conclusion, évaluer le potentiel d’un bien immobilier in Marrakech nécessite une analyse minutieuse de plusieurs aspects tels que la localisation, le type de bien, le prix du marché et les opportunités de location. Il est également important de s’informer sur la législation en vigueur pour les investissements étrangers. Avec ses nombreux atouts, Marrakech est certainement une ville à fort potentiel immobilier, mais il est toujours recommandé de faire appel à des professionnels pour vous guider dans votre investissement.

Sources :

- Investing in property in Marrakesh What you need to know", Explorimmo, https://www.explorimmo.com/actualite/investir/immobilier-maroc/marrakech.htm

- Property investment in Morocco: things to know before you buy", Le Particulier, https://www.leparticulier.fr/jcms/p1_1748649/investissement-immobilier-au-maroc-les-choses-a-savoir-avant-dacheter

- The property market in Marrakech "Le Petit Futé, https://www.petitfute.com/p145-marrakech-40000/c1179-visites-points-d-interet/c935-visite-rue-par-rue/c936-visite-rue-par-rue/186874-marche-immobilier.html