The net yield of a rental investment is calculated by dividing annual rent, minus costs and taxes, by the purchase price plus acquisition costs. No yield is guaranteed: it depends on the neighbourhood, vacancy and taxation. Compare several properties on the same basis before choosing.
01 The calculation, not the promise
Net yield = (annual rent − costs − taxes) ÷ (price + acquisition costs). Acquisition costs include registration duties, the land registry and the notary. Vacancy (months without a tenant) reduces annual rent: allow for it.
02 Long or short-term letting
Long-term letting falls under Law 67-12 on residential leases. Short-term letting follows other rules, to be checked with the authorities before any purchase meant for that use: do not buy on the basis of an income that the regulations may not allow.
03 Checking the property
- The title deed and the registered charges (ownership certificate).
- The co-ownership charges and the condition of the building.
- The neighbourhood’s rental demand: see our neighbourhood pages and current listings.
Frequently asked questions
What yield can I expect in Marrakech?
No yield is guaranteed: it varies with the neighbourhood, the property, vacancy and taxation, and no serious figure holds for all properties. Calculate the net yield of each property on the same basis before comparing.
Which costs go into the calculation?
The purchase price, the registration duties (4% for a built property according to the DGI), the land registry fee, the notary’s fees, then each year the charges, maintenance and taxes on the rent.
Can I let on a short-term basis?
The rules for short-term letting differ from those of the residential lease. Check them with the competent authority and the co-ownership before buying: co-ownership rules may also forbid it.