
Fes.
Heritage trophy tier. Restored riads, slower velocity, prestige.
Fes is the heritage trophy tier — restored riads in Fes el-Bali (UNESCO) command pricing premiums for craftsmanship rather than location. Slower velocity than Marrakech but the buyer pool overlaps. Ville Nouvelle Fes is the new-build tier next to the TGV station.
Where to look in Fes
- Ville Nouvelle FesTier S2TGV 1.5kmAirport 16km—0 listingsopen
- Fes MedinaTier S1TGV 3.5kmAirport 18.5km—0 listingsopen
Highest-graded Fes listings
inventory — Fes
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- Riad avec jardin et vue panoramique - Immobilière Fès
- formidable duplex à vendre
- شقق بأرقى الأحياء
- شقق عالية الجودة بأثمنة مناسبة
- appart haut standing à vendre
- Appartement de top sur avenue El ouafae
- Appartement de 135 m2 Route de Sefrou
- joli appart à vendre 130 m
- Appartement de 135 m2 sur route sefrou
- Appartement de 144 m2 Route Ain Chkef
- Appartement de 124 m2 3 façades à hay karaouin
- Appartement de prestige d’une superficie de 125 m2
- appart champs de course à vendre
- Appartement 118 m2 à champs de course
- Appartement de 97 m2 sur fés
- شقة بحي هادئ
- charmant appartement de 135m à route de Sefrou
- شقق فاخرة التصميم
- Appartement de 118 m2 proche du consulat
- appart à vendre 118 m avec joli finition
- Appartement de 104 m2 près clinique razi
- appart de 97 m2
- magnifique appartement de luxe aroute de sefrou
- Appartement et duplex a ain ameyir
- appart à coté clinique razi à vendre
- charme appart à vendre 114 m2
- Maison villa 240 m2 avec un bon prix
- Appartement magnifique à route d'ain chkef
- Appartement à vendre
- Appart 97 m2 Route d Ain Chkaf
- Appartement à vendre
- Appartement avec 3 façades et sans vis à vis
- Appart de 97 m2
- appartements de luxe bien situé
- Appartement à vendre
- Appartement à vendre
- Appart proche le nouveau consulat de France
- Appartement de luxe a quartier hadika
- appartement à vendre
- Appartement proche trois sources a un bon prix
- appartement de 135 m2
- Super appartement de 135 m2 à Route de Sefrou
- Appartement à vendre
- Vente appartement 106 m² à Fès
- Appartement à vendre rte sefrou
- Appartement de 153 m2 avec une belle finition
- Appartement haut standing de 170 m2
- Appartement à vendre
Where else investors are buying
- MarrakechTrophy estates, riad heritage, +5–8% YoY appreciation.
- CasablancaFinance capital. WC 2030 final venue at Grand Stade Hassan II.
- TangierStrait of Gibraltar gateway. Tanger Med + Grand Stade 75k.
- RabatPolitical capital. Embassies, diplomatic-quarter premium.
- AgadirResort tier. Founty beach, new marina, WC 2030 candidate.
- EssaouiraUNESCO medina, design-led riads, fashion-industry-adjacent.
- TetouanCabo Negro coast, Marina Smir, WC 2030 spillover from Tangier.
- TemaraRabat's Atlantic beach belt — Harhoura, Sables d'Or, commuter-close.
- MohammediaCasablanca's seaside golf town — Royal Golf, beaches, port jobs.
- KenitraThe industrial boomtown — Stellantis, Gotion gigafactory, Atlantic Free Zone.
- El JadidaUNESCO Mazagan coast — beach resort above, Jorf Lasfar industry below.
- BouznikaBouznika Bay — beach-and-golf second homes between the two capitals.
- IfraneThe Middle Atlas alpine town — Michlifen ski resort, Al Akhawayn, chalets.
Buying property in Fes
Can foreigners buy property in Fes, Morocco?+
Yes. Non-residents may buy freehold property in Fes, Morocco (agricultural land is the main exception); the sale is registered as a titre foncier before a notary. No Moroccan residency is required to own.
Can I repatriate rental income or resale proceeds from Fes?+
Yes, if you fund the purchase through a compte en dirhams convertibles (convertible-dirham account) declared to the Office des Changes. That records the foreign-currency inflow and lets you repatriate net rental income and resale proceeds in hard currency.
What are the total transaction costs when buying in Fes?+
Budget roughly 7–9% on top of the price: registration duty (DGI) ~4% on resale (a preferential 2.5% on a developer new-build first sale), land-conservation ~1.5%, notary ~0.5–1.5% (degressive scale) plus 20% VAT on the fee, and agency ~2.5% where applicable. Figures vary by property — confirm with your notary.
What rental yields do Fes properties offer?+
marocain.investments shows an AI-estimated gross yield on every Fes listing as decision-support, not a guarantee. Yields vary by district and by short-let versus long-let use.
How does marocain.investments grade listings?+
Each listing carries a cohort-relative {GIN} grade (Quality — view, build, condition, amenities and location — plus a price-vs-value Deal read and a sourced macro-catalyst signal), an M-Value comparable estimate and a two-scenario forecast — all framed as investor decision-support, not a formal valuation.