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Morocco property market 'maturing'

Tuesday, July 22, 2008

Morocco is one of the world’s top emerging markets, claims Forbes…

According to a recent study by the magazine, Morocco is the world’s 8^th best emerging investment location.

The magazine revealed: “Steady gross domestic product (GDP) growth and low inflation have benefited the property market here, as the wealth accumulated in Casablanca and Rabat increases demand for higher-quality property.

“Growth in these urban centers has been fueled largely by improved access to lending for the middle class, a key element for property market maturation. Increased tourism has led to broad-based foreign investment; property values in both Casablanca and Rabat were up 8% last year".