Tetouan
What can you buy with MAD 1 million in Tetouan?
With a budget of MAD 1 million in Tetouan, you can aim for about 55 to 165 m² in a new build, depending on the neighbourhood (before purchase costs). Tétouan centre · Wilaya · Touabel is where this budget goes furthest.
Size you can buy by neighbourhood in Tetouan
| Neighbourhood | Size you can buy | Home type |
|---|---|---|
| Tétouan centre · Wilaya · Touabel | 105 – 165 m² | 3-bedroom |
| Martil · M’diq seafront | 75 – 125 m² | 2-bedroom |
| Cabo Negro · Marina Smir | 55 – 100 m² | 1-bedroom |
Size = budget ÷ price per m² (top then bottom of the area’s range). Home type estimated on the average size. Indicative 2025-2026 new-build benchmarks tracked by ABRAJ (price per m² by neighbourhood), before purchase costs. ABRAJ publishes no listings: an advisor searches for the matching property.
Financing MAD 1 million: down payment, monthly payment, income
| Price | MAD 1,000,000 |
| 20% down payment | MAD 200,000 |
| Purchase costs (≈ 7%) | MAD 70,000 |
| Cash needed (down payment + costs) | MAD 270,000 |
| Loan amount | MAD 800,000 |
| Monthly payment, 20 years (4.5%) | MAD 5,100 |
| Monthly payment, 25 years | MAD 4,400 |
| Recommended net income (25 years) | MAD 11,000 |
Excluding insurance, indicative 2026 fixed rate. Banks usually cap repayments at 40% of net income. Prices based on new-build benchmarks, to be confirmed property by property.
Our reading of this budget in Tetouan
A 2-bedroom apartment (≈ 95 m²) is within reach in Tétouan centre · Wilaya · Touabel, Martil · M’diq seafront.
Near the sea, Martil · M’diq seafront remains possible with about 95 m².
Add about 7% in purchase costs (MAD 70,000): registration duties, land registry, notary.
The same budget in other cities
Other budgets in Tetouan
Frequently asked questions
What can you buy with MAD 1 million in Tetouan?
About 55 to 165 m² in a new build depending on the area, typically a 2-bedroom. Tétouan centre · Wilaya · Touabel is where this budget goes furthest.
What salary to buy a MAD 1 million property?
With 20% down and a 25-year loan, the monthly payment is about MAD 4,400: a net income of about MAD 11,000 a month is recommended.
What down payment for MAD 1 million?
Banks often ask for 10 to 20% down plus purchase costs: plan about MAD 270,000 in cash (20% + costs).
What costs on top of MAD 1 million?
About MAD 70,000 for a new build: registration duties 4%, land registry 1.5%, notary about 1% + VAT.
Your project in Tetouan with MAD 1 million?
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Last updated: 2026-10-20