Essaouira guide
Investing in property in Essaouira in 2026
A city of art and wind, popular with Europeans and Moroccans for a second home or a riad. Where to invest in Essaouira, with what budget and which rental strategy? Benchmarks area by area.
Why invest in Essaouira
Tourist rentals and guesthouses, subject to authorisation.
Where to invest in Essaouira
| Neighbourhood | Price per m² (new) | 1-bedroom (≈ 65 m²) |
|---|---|---|
| Ghazoua · Route de Marrakech · Diabat | 8,000 – 13,000 MAD/m² | MAD 520,000 – MAD 850,000 |
| Médina · seafront | 12,000 – 20,000 MAD/m² | MAD 780,000 – MAD 1,300,000 |
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.
Which rental strategy?
Small, well-located units (studio, 1-bedroom) rent and resell fastest: in Essaouira, a new 1-bedroom costs MAD 590,000 – MAD 1,040,000.
Long-term letting for steady income, furnished or seasonal letting where tourist demand exists (licence to check). Yield is never guaranteed: it depends on location, vacancy, charges and tax.
Tax: rental income taxed at 10 to 15% of gross rents; capital gains on resale taxed at 20% (minimum 3% of the price). To confirm with a notary or tax adviser.
Financing a 1-bedroom at the Essaouira average price
| Price | MAD 810,000 |
| 20% down payment | MAD 160,000 |
| Purchase costs (≈ 7%) | MAD 60,000 |
| Cash needed (down payment + costs) | MAD 220,000 |
| Loan amount | MAD 650,000 |
| Monthly payment, 20 years (4.5%) | MAD 4,100 |
| Monthly payment, 25 years | MAD 3,600 |
| Recommended net income (25 years) | MAD 9,000 |
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.
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Frequently asked questions
Where to invest in Essaouira?
Areas with strong rental demand are Ghazoua · Route de Marrakech · Diabat, Médina · seafront. Tourist rentals and guesthouses, subject to authorisation.
What budget to invest in Essaouira?
Expect MAD 320,000 – MAD 520,000 for a studio in the most affordable area (Ghazoua · Route de Marrakech · Diabat), and on average MAD 810,000 for a 1-bedroom.
A project in Essaouira?
Describe your project: an ABRAJ advisor shortlists the new developments that fit your budget, free and with no commitment.
Last updated: 2026-10-20