Morocco is one of the top six African countries for real estate investment, along with Nigeria, Kenya, Ghana, South Africa, and Rwanda, according to rankings in “Business Insider Africa.”
With Morocco’s Fragile State Index of 70.1 and projected economic growth of 3% in 2023 and 3.1% in 2024, investing in Moroccan real estate is a “smart choice,” according to the magazine. Morocco’s stability in particular, combined with a growing population, ensures a consistent demand for housing, making Morocco an attractive destination for property investors.
“While rental yields range from 3.1% to 5.8%, indicating moderate income, the forecasted inflation rate of 12.0% over the next 5 years suggests potential property value appreciation, making early investments strategic,” it said.
Morocco’s real estate market is also appealing due to its economic resilience and the recovery of its thriving tourism sector. With significant increases in tourist arrivals and revenues, the government aims to attract 17.5 million visitors and create 200,000 new jobs by 2026.
As Morocco continues to prosper both economically and as a tourist hotspot, its real estate market presents a compelling opportunity for investors seeking stability and long-term returns in North Africa.