The city of Marrakesh has enjoyed a recent boost in visibility, but with plenty of inventory, it remains a buyer’s market.
Residential housing prices in Morocco rose 4 percent year over year in the third quarter of 2017, according to the most recent available data from the Bank Al-Maghrib and the National Land Registry Office. This growth contrasts the trend of the previous three years, during which residential prices either fell or remained almost unchanged over the same yearly period.
The real estate business in Morocco is affected by unrest in the Middle East and the ongoing turmoil in some other parts of North Africa, according to Mr. Peto.
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