Morocco Real Estate News

The property market in Morocco is benefiting from the fact the Moroccan economy is “one of the most dynamic economies in the North African region”.
According to a recent report from Deutsche Bank’s research department, Morocco’s economy, which boasts promising potentials, is way ahead the economies of the North African region (Egypt, Libya, Tunisia and Algeria) [...]

French State Secretary for European Affairs Pierre Lellouche said that Morocco is a hub of stability and development in a problem-laden region. The Moroccan housing sector is benefiting from the fact it managed to escape the worst of the global economic crisis as high demand from investors and second home buyers boosts its profile.
Lellouche told [...]

The High Commission for Planning (HCP) has stated that the Moroccan economy’s GDP grew 3.5% in the first quarter of the year 2010, against 2.2% a year earlier. This development is a result of an increase of 5.4% in non-agricultural GDP.
HCP has said that the agricultural value added declined by 8.6% in volume. All the [...]

Marriot Hotel Group has displayed its faith in Morocco region by announcing that it is planning to build another 40 hotels in the Middle East/Africa region in the next five years.
Those who have invested in rental properties in Morocco could see a rise in the number of tourists visiting the destination this year. There is [...]

The Food Agriculture Organization (FAO) will provide technical support to Morocco’s forest preservation programme and it also agreed to cooperate in agriculture and fisheries.
For this purpose, the two parties had also signed an agreement worth USD 994,000 Morocco’s forest preservation programme which covers a period of four years (2010-2014). They also signed [...]

An increase in tourism numbers has been observed in Morocco, according to Tourism Minister Yassir Zenagui.
In an interview to the Dubai-based TV channel “Al Arabiya”, the minister said that Tourism receipts in Morocco increased 12% in the year to March and this rise is due to “the quality of Moroccan hotel services and products and [...]

An overseas property expert has said that Morocco’s stable economy makes the country an interesting prospect for property investment.
According to Middle Eastern media and technology Group Al Bawaba, international property agent Knight Frank has claimed that Morocco offers a low-risk environment for property investment. The Moroccan property market is benefiting from the fact it managed [...]

Morocco’s Monetary Policy Council has lowered commercial banks’ reserve rate by 2.0 percentage points to 8 percent to ease a liquidity crunch. Meanwhile, the Council decided to leave the benchmark interest rate the same at 3.25 percent, as a result of slowing inflation. The last time when the bank had cut the rate was in [...]

As the economic recession grips the EUI, rising property prices, expats who want to dodge the money trap of the eurozone are laying down their bags further afield.
According to Chintan Mahida, a spokesperson for property firm Nubricks .com, Morocco is now considered as a safe bet among homemakers. Apartments, duplexes and villas available with private [...]

Moroccan lender Banque Centrale Populaire (BCP.CS) reported a 16 percent increase in 2008 net profit as it benefited from strong credit growth in the North African country, according to Reuters reports.
The banks Net income grew to 826 million dirhams ($100.4 million) from 715 million a year earlier, added the same sourcing quoting the BCP statement [...]