More and more buyers invest in northern Morocco: Tangier, Tetouan, Martil, Cabo Negro and Asilah each have their strengths.
Northern Morocco is no longer just a summer destination. The Tanger Med port, industrial zones, high-speed rail and a Mediterranean coast one ferry ride from Europe attract companies, employees, Moroccans abroad and holidaymakers all year round. But each city has its own market. Here is how to choose.
Invest in northern Morocco: the cities at a glance
| City | Strength | Best for | Watch out for |
|---|---|---|---|
| Tangier | Economy, jobs, major projects | Long-term letting, building wealth | Big price differences between areas |
| Tetouan | University and administrative city | Main home, long-term letting | More local market |
| Martil | Beach, very popular in summer | Holiday lets, second home | Strong seasonality |
| M’diq / Cabo Negro | Upmarket seaside, golf | Second home, summer letting | Demand concentrated in summer |
| Asilah | Charm, medina, quiet town | Second home, lower prices | Smaller market, slower resale |
Tangier: the economic engine
Tangier remains the most solid market in the north: jobs thanks to the port and free zones, high-speed rail to Rabat and Casablanca, and host-city status for the 2030 World Cup. In the second quarter of 2026 it recorded the strongest price growth among the country’s major cities (+2.3%, source: Bank Al-Maghrib and ANCFCC). See our analysis of the Tangier property market.
For long-term letting: Iberia, the city centre, Tanja Balia. For holiday lets: Malabata.
Tetouan: stability and local demand
Tetouan is busy all year thanks to its university, government offices and shops. Prices are generally more affordable than in Tangier. It is a good option for a main home or long-term letting, and several new-build projects there fall within the Daam Sakane price caps.
Martil, M’diq and Cabo Negro: the Mediterranean coast
A few minutes from Tetouan, Martil and M’diq are in high demand in summer among Moroccan families and MRE. Cabo Negro targets a more upmarket audience, with golf and residences with pools. Rental income is high in summer but low the rest of the year: calculate your yield over 12 months, not over August.
Asilah: charm at lower prices
South of Tangier, Asilah appeals with its medina and calm. Prices are lower, but the market is smaller: expect a slower resale.
Holiday lets: the rules
Short-term letting is legal but regulated by Law 80-14 and its 2023 implementing decree: authorisation or declaration, guest registration, tourist tax and declaring your income. The residence rules may also prohibit it. Check these points before buying to let on Airbnb or Booking.
Our tips for investing in the north
- Define your goal first: regular income, family summers, capital growth or returning to Morocco.
- Calculate the yield over a full year, including charges and the low season.
- Buy off-plan at launch for the best price, with a reliable developer (read our 7 mistakes to avoid).
- Be wary of very high promised yields: no serious figure can be guaranteed.
Our projects in the north
Apartment, Shop 2023
Al Boustane
Al Boustane (Groupe Aafer) in Tétouan: completed apartments of 89 to 195 m² with fitted kitchen, from 890,000 DH…more
Apartment, Office, Shop 2026
Apartment, Office, Shop 2027
Borj Al Andalous III
Borj Al Andalous III (Groupe Aafer): 1 and 2-bedroom apartments of 60 to 85 m² near Tanger Ville station, from 1,860,000 DH…more
Apartment, Gated residence with swimming pools 2027
Apartment, Gated residence with swimming pools
Coral Towers
Coral Towers (Groupe Amanah) in Tangier: 7 towers, park, pools and lake, 2 and 3-bedroom apartments of 55 to 125 m² with bay views…more
Apartment 2025
Résidence Les Jardins de l'Éden
Résidence Les Jardins de l'Éden (Groupe Loulidi) in Tanja Balia, Tangier: 1 to 3 bedrooms, 50 to 136 m², 2 pools, gym. From MAD…more
Frequently asked questions
Which northern city is best for investing?
For long-term letting and market solidity, Tangier. For summer letting, Martil, M’diq and Cabo Negro. For a tighter budget, Tetouan and Asilah.
Should I buy for holiday lets or long-term letting?
Long-term letting brings stable income with less management. Holiday letting can earn more but requires management, an authorisation and depends heavily on summer. Many owners combine both.
Is Levana active outside Tangier?
Yes, we work with developers across northern Morocco.
Let’s talk about your project
👉 Submit your search request with your city, budget and goal: we will send you a tailored selection. Or sign up for new-build alerts.
Sources: Tanger Med, Haut-Commissariat au Plan
