Why invest in Morocco?

Investing in Marrakech means betting on a booming destination where tourism continues to grow. With over 3 million international visitors per year and more than 300 days of sunshine, the city attracts an international clientele drawn to its cultural heritage, lifestyle, and unique real estate opportunities. Today is the ideal time for an investment that is both profitable and sustainable, supported by a dynamic and constantly evolving rental market.

Investing in Morocco: Exceptional Tax Benefits for Europeans

Just three hours from Europe, Morocco stands out as one of the most attractive destinations for real estate investment. Economic stability, favorable taxation, and strong rental yields are all advantages that attract an increasing number of investors each year.

In Marrakech, Casablanca, Agadir, or Tangier, the high-end real estate market often offers net returns exceeding 6%, within one of the most competitive fiscal frameworks in the region.

For Non-Resident Europeans

Morocco offers a particularly favorable investment environment:

Full freedom to purchase real estate (excluding agricultural land)
Guaranteed repatriation of rents and capital gains via a convertible dirham account
Tax allowance of 40% on rental income before tax
Reduced tax rate of 10% or 20% depending on rental income level
Exemption from urban tax for 5 years on new constructions
Capital gains tax capped at 20%, with full exemption if the property becomes the primary residence after 6 years
No wealth tax or local inheritance duties

Example:
A property rented for 12,000 DH/month in Marrakech benefits from a 40% allowance, followed by taxation at only 10% or 20%.
Net returns remain among the highest in North Africa.

For Tax Residents in Morocco

Residents also benefit from a clear, stable, and attractive tax framework:

Progressive taxation on rental income, with a 40% allowance
Capital gains exemption on resale for primary residence after 6 years
No wealth tax
Reduced housing and urban taxes on new or rented properties
Simplified taxation on foreign rental income, thanks to the double taxation avoidance treaty

Why Invest Now?

Dirham stability against the euro, limiting currency risk
Net rental yields between 6% and 8% in major tourist areas
Continuous growth of the luxury market in Marrakech, supported by high-net-worth international clients
Full legal security: land title, notarized deed, and regulated fund transfers

Tourism as a Driver of Profitability

Tourism in Morocco continues to set records:

In 2024, the country welcomed 17.4 million international visitors, an increase of +20% compared to 2023
In the first six months of 2025, there were 8.9 million arrivals, up +19%
Tourism revenue reached 54 billion dirhams by the end of June 2025 (approximately €5.15 billion), a growth close to +10%

These performances reinforce Morocco as a reliable investment for high-yield real estate.