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Stong domestic demand for Moroccan property

Demand among the domestic population in Morocco is helping to boost the country's housing market, one local expert has highlighted.


Nik Kapur, director at M2Morocco.com, explained that this is being further enhanced by foreign investors looking for real estate in Morocco.


And due to the high demand for quality homes, anyone who wants to rent out their property in the nation should be able to find tenants, while the sector itself is also developing, he noted.


"The rental market in the main cities is now starting to mature, with more professional agents and management companies appearing to give investors peace of mind," Mr Kapur commented.


He added that local people are primarily targeting to the low to mid-end of the market, with this particularly noticeable in large urban areas.


Earlier this month, a representative from Aerium Atlas Management told Gulf News that Marrakech is a good location for foreign investors to target.


This is due to its political stability, which is helping the economy to grow and therefore putting it in a "stronger position" than other nations in North Africa.


 


www.propertyshowrooms.com/morocco/property/news/domestic-demand-holding-up-morocco-property-market_311625.html