Buying in Fez
Buy an apartment in Fez
New apartments in Fez are priced on average at 5,500 – 10,000 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.
Official Bank Al-Maghrib / ANCFCC index (Q2 2026) in Fez: apartment prices +1.7% over the quarter, sales +8.4%.
Apartment prices in Fez by size
| Studio (≈ 40 m²) | MAD 220,000 – MAD 400,000 |
| 1-bedroom (≈ 65 m²) | MAD 360,000 – MAD 650,000 |
| 2-bedroom (≈ 95 m²) | MAD 520,000 – MAD 950,000 |
| 3-bedroom (≈ 130 m²) | MAD 720,000 – MAD 1,300,000 |
Which neighbourhood to buy in Fez?
| Narjiss · Oued Fès · Saïss | 5,500 – 8,000 MAD/m² |
| Ville Nouvelle · Route d’Imouzzer · Racecourse | 7,000 – 11,000 MAD/m² |
Which part of Fez for your project
- Families and schools : Ville Nouvelle · Route d’Imouzzer · Racecourse (7,000 – 11,000 MAD/m²)
- Buy-to-let : Narjiss · Oued Fès · Saïss (5,500 – 8,000 MAD/m²)
- Tight budget : Narjiss · Oued Fès · Saïss (5,500 – 8,000 MAD/m²)
Financing example in Fez
| Price (≈ 95 m²) | MAD 740,000 |
| 20% down payment | MAD 150,000 |
| Loan amount | MAD 590,000 |
| Monthly payment, 20 years (4.5%) | MAD 3,700 |
| Monthly payment, 25 years | MAD 3,300 |
| Recommended net income (25 years) | MAD 8,300 |
| Purchase costs (≈ 7%) | MAD 50,000 |
Excluding insurance, indicative fixed rate. Banks usually cap repayments at 40% of net income.
To live in
Ville Nouvelle to be close to services, Route d’Imouzzer for recent residential areas.
To invest
Student and family rentals, low entry budget.
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 Fez?
For a new 1-bedroom of about 65 m² in Fez, expect MAD 360,000 to MAD 650,000 depending on the area, floor and building.
What is the price per m² in Fez?
On average 5,500 – 10,000 MAD/m² for new builds. Narjiss · Oued Fès · Saïss is among the most affordable areas, Ville Nouvelle · Route d’Imouzzer · Racecourse among the most expensive.
What monthly payment to buy in Fez?
For a MAD 740,000 home with 20% down, the payment is about MAD 3,300 over 25 years or MAD 3,700 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 740,000, plan around MAD 50,000.
Can a foreigner or a Moroccan abroad buy in Fez?
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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