Statistics and collected data clearly show that the Moroccan real estate market has been slowing substantially in recent times. This is because of a slower economy which has not been able to escape the burden caused by the Covid 19 pandemic. Another interesting statistic is the fact that the amount of luxury villas which have been sold has been affected the most by the slower economy somewhat more than apartments and normal residential houses.
Fortunately, there are also positive elements regarding this situation and in particular one has to mention the construction market has continued unabated despite all of the difficulties with the economy and real estate market.
Below is a countdown of the 5ove most expensive places to buy property in Morocco.
The fifth most expensive city in Morocco is Agadir which can be located along the southern Atlantic Coast. It is nestled in the foothills of the Anti-Atlas Mountains. This city is in the province of Agadir-Ida Ou Tanane and it is also the capital city in that province. This is a popular tourist destination because of its beautiful beaches, beautifully designed golf courses and the seaside promenade where you can find bars, restaurants and cafés. An ancient construction and popular tourist attraction was the Agadir hilltop kasbah but unfortunately it has been destroyed in an earthquake in 1960. Fortunately, all was not lost because the original old wall is still standing strong and can still be viewed by tourists and locals. A luxury villa can be purchased for $2.3 million.
You will find Rabat which is the capital city of Morocco along the shores of the Atlantic Ocean and the Bouregreg River. This city has long been known for its extraordinary landmarks in particular those that reflect the French colonial heritage and also the religious ones which was influenced by Islam. One of the most important buildings is the Kasbah of the Udayas. This is a royal fort which dates back to the Berber-era and it is surrounded by a French designed garden. This location provides a beautiful view over the surrounding ocean. Another remarkable tourism attraction is the iconic Hassan tower which has been constructed in a 12th-century and which is towering above the ruins of the nearby mosque. Luxury villas in this city can cost about $3.2 million.
The city of Casablanca is a port city and as such it is an important commercial center in the Western regions of Morocco where it lies along the Atlantic Ocean. Once again there is a strong French colonial legacy which is visible in the city in particular in its downtown areas where the unique Mauresque architecture can be seen. This is a blend of European art deco with some elements of a Moorish style resulting in an interesting form of architecture. There is the very large Hassan II Mosque which has been partly constructed over the water and which was completed in 1993. The minaret reaches a height of 210 m and it has been fitted with lasers which point in the direction of Mecca. A villa can cost $3.5 million.
The city of Tangier is a port city in Morocco and it’s located on the Strait of Gibraltar. This has always been an important and strategic gateway between Europe and Africa going is back as far as the Phoenician times. This is also the home of the Dar el Makhzen which is the Palace of the sultans which has been converted into a museum of Moroccan artifacts. There is also the American legation Museum nearby which is involved in the documentation of early diplomatic relations between Morocco and the US. A villa in this city can cost $8.5 million.
The city of Marrakesh can be found in the western Morocco and it is also a vital economic center in the country and it is full of beautiful gardens, palaces and museums. There is also the densely packed Medina which is a walled in medieval city which has been constructed during the Berber Empire. This can be seen by the mazelike alleys where numerous marketplaces exist which is selling a variety of pottery, jewelry and traditional textiles. One of the most important symbols of the city is the 12th-century minaret of the Koutoubia Mosque. Luxury villas sell for $9.8 million.