Still appealing to foreign buyers
Morocco has been a popular destination for international buyers for many years. In 2024, there was a marked increase in the number of French buyers, who see Casablanca as an attractive investment opportunity. Morocco's appetite for real estate is driven by attractive prices compared to European markets, as well as a rich and welcoming culture.
This trend is also based on Casablanca's pleasant climate, often compared to certain French Mediterranean regions. For many, these factors tip the balance in favor of buying or even relocating. The appeal of Casablanca goes beyond mere climatic considerations: it's also the gateway to a different way of life, between modernity and tradition.
The reasons for this craze
Foreign interest, particularly from Europe, is justified by several key factors. Firstly, competitive price-quality ratios and state incentive policies favor access to property ownership. For retirees, Casablanca presents a perfect option thanks to a lower cost of living and a pleasant living environment.
Secondly, for young professionals and entrepreneurs, the city offers significant economic potential with its many business districts and expanding technology centers. The local dynamism also opens up prospects in the rental and shared-accommodation sectors, which are very popular with expatriates.
Price trends and comparison with other Moroccan cities
Compared with other major cities in the Kingdom, such as Marrakech and Tangiers, Casablanca is seeing prices stabilize. However, some districts are seeing gradual inflation due to urban densification and the influx of new residents. However, experts predict a similar rise to that seen elsewhere as early as 2025.
Those who commit to a purchase now are already seeing the benefits of a secure investment. Where Marrakech and Tangier have seen growth peaks of up to 30%, Casablanca is positioning itself as a safe bet, thanks in particular to its well-developed infrastructure and international connectivity.
Projects under development
Numerous projects are underway, from modern residential complexes to innovative shopping areas. These initiatives aim to transform both the city center and its outskirts into multi-use spaces. This includes the integration of green and sustainable technologies, a priority for improving local quality of life and meeting global environmental standards.
The rapid expansion of infrastructures such as tramways and new roads also marks this transformation. These facilities enhance the attractiveness of new developments while facilitating mobility in a constantly bustling megalopolis.
Dynamics of rental supply and demand
The period between January and June 2024 saw strong demand for rental properties. Demand rose by 17%, while supply fell by 20% year-on-year. This imbalance is prompting developers to bring projects back onto the market that better meet the needs of potential tenants.
Nevertheless, balancing this situation remains complex, given the challenge of producing enough housing to suit all budgets. Many families are looking to move into new apartments that offer both security and modern comfort, without spending astronomical sums of money.
- 17% increase in rental demand
- 20% drop in available supply
- Encouraging new construction adapted to needs
- Urgent integration of affordable, environmentally-friendly solutions
Figures: analyzing the Casablanca market
To provide a clearer picture of this vibrant market, it is worth comparing these developments through a table illustrating the dynamics observed over the past year.
| Year | Rental demand (%) | Offer (% decline) | Average price (dirhams/m²) |
|---|---|---|---|
| 2023 | +12% | -10% | 13,000 |
| 2024 | +17% | -20% | 14,500 |
| Projection 2025 | +19% | -15% | 16,000 |
Tomorrow's challenges for Casablanca
Faced with these rapid economic and demographic changes, the main challenge for Casablanca remains to intelligently manage its urban growth. The city must maintain a healthy balance between real estate development and improvements to its public infrastructure to support its residents' quality of life.
Local decision-makers therefore face a dual challenge: attracting continued investment while regulating the market to avoid a real estate bubble. Their future strategy will determine whether Casablanca can truly compete with Africa's biggest cities in terms of real estate and urban lifestyle.
Frequently asked questions about new real estate in Casablanca
What is the current state of the new-build property market in Casablanca?
The new-build property market in Casablanca is undergoing a significant transformation, with numerous projects under construction. An increase in demand, combined with a relative scarcity of supply, is boosting prices and stimulating investment.
Why do foreigners invest in Casablanca real estate?
Foreign investors are opting for Casablanca because of its economic potential, pleasant living environment and property prices that are still relatively affordable compared to Europe. This trend is growing thanks to the Moroccan government's incentive policies.
What are the forecasts for the real estate market in 2025?
Residential property prices in Casablanca are expected to continue rising, in line with trends in other major Moroccan cities. Continued demand could lead to further investment in new housing projects to meet this market pressure.
What are the main challenges facing the Casablanca real estate market?
Major challenges include managing urban growth while ensuring a steady supply of affordable housing. Improving public infrastructure to support this expansion and avoid speculative drift remains essential for harmonious development.
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