Buying in Essaouira
Buy an apartment in Essaouira
New apartments in Essaouira are priced on average at 9,000 – 16,000 MAD/m². Here is what your budget buys, neighbourhood by neighbourhood, with mortgage payments and purchase costs.
Indicative ranges observed for new builds (2025-2026), varying with the residence, floor, view and developer. To be confirmed case by case.
Apartment prices in Essaouira by size
| Studio (≈ 40 m²) | MAD 360,000 – MAD 640,000 |
| 1-bedroom (≈ 65 m²) | MAD 590,000 – MAD 1,040,000 |
| 2-bedroom (≈ 95 m²) | MAD 860,000 – MAD 1,520,000 |
| 3-bedroom (≈ 130 m²) | MAD 1,170,000 – MAD 2,080,000 |
Which neighbourhood to buy in Essaouira?
| Ghazoua · Route de Marrakech · Diabat | 8,000 – 13,000 MAD/m² |
| Médina · seafront | 12,000 – 20,000 MAD/m² |
Which part of Essaouira for your project
- Near the sea : Médina · seafront (12,000 – 20,000 MAD/m²)
- Upscale : Médina · seafront (12,000 – 20,000 MAD/m²)
Financing example in Essaouira
| Price (≈ 95 m²) | MAD 1,190,000 |
| 20% down payment | MAD 240,000 |
| Loan amount | MAD 950,000 |
| Monthly payment, 20 years (4.5%) | MAD 6,000 |
| Monthly payment, 25 years | MAD 5,300 |
| Recommended net income (25 years) | MAD 13,300 |
| Purchase costs (≈ 7%) | MAD 80,000 |
Excluding insurance, indicative fixed rate. Banks usually cap repayments at 40% of net income.
To live in
Frequent wind, a mild climate, a slow pace.
To invest
Tourist rentals and guesthouses, subject to authorisation.
How the purchase works
- Set the total budget: price + about 7% costs, then check your borrowing capacity.
- Choose the neighbourhood by commute, schools or rental yield.
- Check the land title, the building permit and, off-plan, the VEFA contract and completion guarantee.
- Sign the preliminary contract, get the loan offer, then the deed at the notary and registration at the land registry.
Frequently asked questions
What budget for an apartment in Essaouira?
For a new 1-bedroom of about 65 m² in Essaouira, expect MAD 590,000 to MAD 1,040,000 depending on the area, floor and building.
What is the price per m² in Essaouira?
On average 9,000 – 16,000 MAD/m² for new builds. Ghazoua · Route de Marrakech · Diabat is among the most affordable areas, Médina · seafront among the most expensive.
What monthly payment to buy in Essaouira?
For a MAD 1,190,000 home with 20% down, the payment is about MAD 5,300 over 25 years or MAD 6,000 over 20 years at 4.5%, excluding insurance.
What costs on top of the price?
About 7% of the price for a new build: 4% registration duty, 1.5% land registry, notary and sundries. For MAD 1,190,000, plan around MAD 80,000.
Can a foreigner or a Moroccan abroad buy in Essaouira?
Yes. Moroccans living abroad often finance up to 70-80% of the price with Moroccan banks; foreigners can buy a home with a land title, paying through a convertible dirham account.
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