Growth in Morocco creates investment potential
Morocco's continuing expansion could make it a good option for foreign property investors to consider, a media outlet has stated.
Forbes said the north African country has enjoyed steady economic growth and low inflation during the past few years.
This has resulted in greater wealth for people in areas such as Rabat and Casablanca, which has in turn boosted demand for high-quality housing.
As a result, the market offers favourable conditions for overseas investors who want to enter an expanding foreign market.
Forbes commented: "Although the worldwide real estate market is softening as credit reservoirs dry, some spots are poised for growth."
The news provider added that property values in Casablanca and Rabat have gone up by 8% in the last 12 months.
Morocco was recently recommended to foreign investors by the Home Move website, which said it also offers good weather, exotic surroundings and a strong rental market.
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