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MOROCCAN MARKET SEES 'DRAMATIC' GROWTH

Tuesday, 11 Mar 2008


House prices in Morocco have gone up at a considerable rate over the last few years, a media outlet has stated.

Moroccan market sees Magharebia stated that property values in the north African country have risen "dramatically" as a result of demand outstripping supply.

This means that people who own a Moroccan residence could potentially cash in on the growth of the market, as a house in a prime location will be highly sought-after.

As a result, the future sale price of a property should be higher than the amount it was originally purchased for, granting investors a healthy profit.

Speaking to the news provider, economics professor Mohamed Saidi commented: "Supply is limited, which explains this massive rise in property prices."

This comes after industry analysts praised efforts to boost Morocco's tourist sector.

Amberlamb said the government initiative to attract more foreign visitors has raised awareness of the country among overseas property buyers.

Property Select offers a comprehensive selection of overseas property in Morocco, news, members club and reviews of the latest property developments.


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