Essaouira guide
Buying in Essaouira as a Moroccan living abroad
Living abroad and planning to buy in Essaouira? Prices, mortgages for Moroccans abroad, convertible dirham account, power of attorney: everything to buy remotely and safely.
Prices in Essaouira: benchmarks for buyers abroad
| Neighbourhood | Price per m² (new) | 2-bedroom (≈ 95 m²) |
|---|---|---|
| Ghazoua · Route de Marrakech · Diabat | 8,000 – 13,000 MAD/m² | MAD 760,000 – MAD 1,240,000 |
| Médina · seafront | 12,000 – 20,000 MAD/m² | MAD 1,140,000 – MAD 1,900,000 |
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.
Financing: what banks offer Moroccans abroad
Moroccan banks often finance 70 to 80% of the price for buyers living abroad, over 20 to 25 years, with a debt ratio capped around 40%. Purchase costs (≈ 7%) are rarely financed: plan them as part of your down payment.
Example for a 2-bedroom at the Essaouira average price (MAD 1,190,000): 20% down (MAD 240,000) + costs (MAD 80,000), monthly payment of about MAD 5,300 over 25 years.
Buying remotely: the steps
1. Open a convertible dirham account: it guarantees you can repatriate the price and any gain on resale.
2. Get your borrowing capacity approved by a Moroccan bank (agreement in principle).
3. Check the land title, building permit and the development’s delivery schedule.
4. Sign at the notary, in person or through a notarised power of attorney issued at the consulate.
5. Follow construction and handover: off-plan (VEFA) payments follow construction progress.
Living in Essaouira
Frequent wind, a mild climate, a slow pace.
More guides on Essaouira
The same guide for other cities
- Buying in Casablanca as a Moroccan living abroad
- Buying in Rabat as a Moroccan living abroad
- Buying in Marrakech as a Moroccan living abroad
- Buying in Tangier as a Moroccan living abroad
- Buying in Agadir as a Moroccan living abroad
- Buying in Fez as a Moroccan living abroad
- Buying in Meknes as a Moroccan living abroad
- Buying in Kenitra as a Moroccan living abroad
- Buying in Tetouan as a Moroccan living abroad
- Buying in Oujda as a Moroccan living abroad
- Buying in El Jadida as a Moroccan living abroad
- Buying in Mohammedia as a Moroccan living abroad
Frequently asked questions
Can a Moroccan living abroad get a mortgage to buy in Essaouira?
Yes, most Moroccan banks offer dedicated mortgages, often up to 70-80% of the price, over 20 to 25 years.
Can you buy in Essaouira without travelling?
Yes, through a notarised power of attorney issued at the consulate. Developers accept international transfers; use a convertible dirham account.
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