Properties For Sale in Casablanca, Morocco 2025

Foreigners can purchase property in Casablanca without major restrictions. However, it's important to navigate the local legal landscape carefully. A notary will facilitate the transaction, ensuring all documents are in order and the sale is registered correctly. It's advisable to hire a local attorney to help with due diligence, including verifying the property's title and ensuring there are no outstanding debts or liens. Foreign investors should also be aware of the requirement for transactions to be conducted in Moroccan dirhams, the local currency.

Casablanca, being Morocco's largest city and economic hub, offers a cost of living that is generally lower than many Western cities but higher compared to other Moroccan cities. Housing costs can vary, with central areas like Maarif and Anfa commanding higher prices. On average, costs for dining, transportation, and utilities are moderate. A meal at a mid-range restaurant costs around 150-250 MAD, while monthly public transport passes are approximately 250 MAD. Investors should factor in these living costs when considering rental yields and property management.

Casablanca offers diverse investment opportunities ranging from luxury apartments in districts like Anfa and Gauthier to commercial properties in the business districts. The city's ongoing development projects, including the Casablanca Finance City, enhance its attractiveness for investors. Rental yields can vary, but residential properties typically offer returns between 5-7%. Those interested in long-term investment can also explore development projects in emerging areas, where property values are expected to rise significantly over the next few years.

Popular neighborhoods for expats and investors include Anfa, Maarif, and Gauthier. Anfa is known for its luxurious villas and proximity to the beach, attracting high-net-worth individuals. Maarif offers a blend of residential and commercial spaces, making it ideal for those seeking urban living. Gauthier is popular for its vibrant nightlife and cultural offerings. Investors should consider these areas for their potential rental income, given their demand among both locals and expatriates.

Property taxes in Casablanca are relatively standardized across Morocco. Buyers must pay a registration fee of 4%, a notary fee estimated at 1%, and a land conservation fee of 1%. Additionally, annual property taxes for larger properties or those in prime locations are higher due to their assessed value. Understanding these costs is crucial for budgeting purchases and long-term investment strategies. Consulting with a local tax advisor can offer insights specific to individual property types and locations.

Casablanca offers a cosmopolitan lifestyle with a rich blend of modern amenities and traditional Moroccan culture. Residents benefit from excellent dining options, vibrant nightlife, and significant cultural attractions such as the Hassan II Mosque. The city is also a major financial center, providing ample business opportunities. Its coastal location allows for a range of water-related activities and relaxation options. These lifestyle benefits make Casablanca an attractive destination for both living and investment purposes.

While Morocco welcomes international tourists, renting properties to tourists in Casablanca requires compliance with local regulations. Property owners must register their property with the local municipality and obtain a license to legally rent to tourists. This ensures compliance with taxation and safety standards. Short-term rental platforms like Airbnb are popular, but owners should ensure they adhere to all local laws to avoid penalties. Working with a local property management company can simplify this process and ensure full legal compliance.

International buyers in Casablanca have access to various financing options, though terms may differ from those available to locals. Some Moroccan banks offer mortgage products to foreigners, typically requiring a minimum down payment of 30-40% of the property's value. Interest rates can range between 4-6%, depending on the loan terms and the buyer's financial profile. It's advisable for international buyers to consult with a local mortgage advisor to understand the best options available and navigate the application process.