Infrastructure development and its impact on real estate in Marrakech

Marrakech, a booming city

Marrakech is a Moroccan city renowned for its charm and dynamism. Every year, it attracts thousands of tourists who come to discover its palaces, colourful souks and exotic gardens. However, in recent years, the city has experienced a completely different kind of boom: that of its urban development and infrastructure. The Red City is being modernised and transformed into a modern metropolis, attracting investors in the real estate sector. In this article, we explore how infrastructure development is impacting on real estate in Marrakech.

A constantly expanding transport network

Marrakech has an international airport, which is constantly expanding and welcomes increasing numbers of passengers every year. In 2019, Marrakech-Menara welcomed more than 6 million passengers, an increase of 15% on the previous year. This growth is explained by the opening of new air links, notably with Europe and the Middle East. In addition, a new terminal is currently under construction to accommodate more passengers.

In addition to its airport, Marrakech has developed its road network with the construction of new roads and motorways. This facilitates travel not only within the city, but also to other Moroccan cities such as Casablanca and Agadir. This improvement in transport infrastructure makes the city more accessible, attracting more property investors.

Secondary keywords : transport network, Marrakech-Menara, new air links, motorways, improvements, accessibility, investors.

Modernising basic infrastructure

In addition to transport, the modernisation of basic infrastructure is also having a major impact on the real estate market at Marrakesh. The city has a new water and electricity treatment system, improving access to these resources for residents and businesses. In addition, urban renewal projects are underway to improve the quality of life in the city's oldest neighbourhoods.

To support the city's economic and tourism development, Marrakech has also set up a fibre optic system to improve connectivity and Internet access for businesses and residences. This upgrading of basic infrastructure makes Marrakech even more attractive to property investors, particularly for residential and commercial projects.

Secondary keywords : water treatment, electricity, urban renewal, economic development, fibre optics, connectivity, residential and commercial projects.

The creation of new business parks

The development of infrastructure in Marrakech has also led to the creation of new zones activities. The town has a new industrial park served by a motorway, which aims to attract national and international companies in various sectors. This area offers an excellent opportunity for property investment, particularly for housing projects for the employees of these companies.

In addition, new property developments are underway in the outlying areas of the city, such as Tamesloht and Tahanaout. These areas are booming thanks to the development of infrastructure in MarrakechThese include the construction of a new irrigation system for agriculture and livestock. This is attracting interest from property investors for second homes, farms and tourist complexes.

Secondary keywords : industrial park, motorway, investment opportunities, outlying areas, Tamesloht, Tahanaout, agricultural and tourism development.

Enhancing the value of existing properties

Finally, the development of Marrakech's infrastructure is also having an impact on the existing property market. The modernisation of the city is attracting more and more tourists and foreign residents, leading to an increase in demand for property, whether houses, flats or traditional riads.

Les propriétaires de biens immobiliers existants peuvent donc profiter de cette dynamique pour revaloriser leur propriété et la louer ou la vendre à un prix plus élevé. De plus, certains projets de rénovation urbaine offrent des incitations fiscales pour encourager les propriétaires à moderniser leurs biens immobiliers, ce qui contribue à améliorer la qualité globale de l’immobilier in Marrakech.

Secondary keywords : demand, houses, flats, riads, upgrading, urban regeneration, tax incentives.

In conclusion

The development of infrastructure in Marrakesh is having a significant impact on the city's property market. By improving accessibility, connectivity and quality of life, Marrakech is becoming increasingly attractive to both national and international property investors. In addition, the development of new business parks and the upgrading of existing infrastructure offer numerous investment opportunities. However, it is important to note that this development must be balanced and respectful of the environment, in order to preserve the very essence of this historic city and its attractiveness to investors.