Moroccan house prices 'rising dramatically'
Overseas property investors could possibly get high returns if they purchase a Moroccan residence, a media report has suggested.
Magharebia stated that house prices in the north African country have gone up "dramatically" over the last few years.
This means that people who have entered the market early could potentially cash in on the increases by selling their property on at a profit.
Commenting on the housing boom, economics professor Mohamed Saidi observed: "Demand remains much higher than supply."
He added that this was particularly apparent in the mid-range housing segment, hence the "massive rise" in property values.
This could account for the country's current popularity with overseas property buyers, especially rental investors who can also benefit from Morocco's growing tourist trade.
The Moroccan government has already committed to attracting ten million visitors a year by 2010 and is currently aiming to make the country a good place for foreign investors.
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