Real Estate in Morocco: Foreign Capital Continues to Flow In

Despite an uncertain global economic environment, Moroccan real estate confirms its robustness by positioning itself as the second pillar of attraction for foreign capital, just behind industry. With a flow of foreign direct investment (FDI) reaching 9.12 billion dirhams over the first nine months of 2025, the real estate sector is displaying impressive regularity, attracting an average of more than 8 billion dirhams per year for the past decade. This dynamic allows the sector to maintain significant liquidity, offsetting the slowdown in inventory turnover observed in some developers, reports the newspaper Les Inspirations Eco.

On Bladi.net: Real Estate in Morocco: 46% of foreign buyers come from France

The rise of Real Estate Investment Trusts (REITs) plays a catalytic role in this attractiveness. These financial vehicles, initially designed to channel domestic savings, have become preferred instruments for large companies and the financial sector, particularly through "lease-back" operations aimed at optimizing cash flows. While the tax administration has recently tightened the screws to avoid abuse of rights by conditioning tax benefits on capital opening, these structures remain an essential driver of the financialization and structuring of the market.

On Bladi.net: Morocco: Real Estate Collapses, Even Moroccans Residing Abroad Can’t Save Sales

Beyond financial engineering, the vitality of the sector is based on the undiminished appeal of the Kingdom’s flagship destinations. Marrakech continues to act as a locomotive, capturing a substantial share of investments thanks to sustained demand for hotels and prestigious residences. This enthusiasm from a wealthy international clientele allows real estate to dominate the ranking of net flows, now representing 53% of the total, far ahead of the transport or banking sectors.