Morocco's property market

Morocco's rise as an alternative destination to France, Spain and Italy took a hit with the onset of the economic downturn. However, an abundance of new flights to and from the country have helped keep it on the radar of overseas property-buyers.

Property prices in Morocco did reach a peak back in 2006-7 but since then there have been many contributions, mainly the global economic crisis, that have driven prices down. Although many potential investors are being very wary with their money, now really is a great time to invest in property in Morocco, as prices are set to rise in the future, making any investment now, a sound one.

Morocco is a growing economy thanks to many factors; tourism is high, with revenues of around 10% of the total GDP. Morocco welcomes around 56 million tourists to its shores every year and greatly benefited from the 'Plan Azur' which resulted in a property boom along both the Atlantic and Mediterranean coasts.

For anyone thinking about purchasing property in Morocco, here are some little-known facts to help you decide:

  • Morocco is making quick reforms to empower its people socially, politically, and economically.
  • In the last 24 months there have been no price wars in Moroccan property..
  • The property index has remained stable.
  • Building is heavily controlled, and any form of speculative investment into land is prohibited.
  • Morocco is close to the rest of Europe, and a short flight from UK.

City centre investments are set to be very sound, as more flights to cities in Morocco open up, leading to increased visitors to the areas.

Start your hunt for a home in Morocco here…

If you’re searching for a Moroccan property, a good place to start is the Morocco Buying Guide’s new property search facility. To start your search now visit

http://www.moroccobuyingguide.com/content/morocco-properties

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