MARRAKECH, Morocco, May 24, 2018 /PRNewswire/ — Marrakech, Morocco, named a profitable destination to buy property in 2018 after a market study conducted by WIRE Consulting, an independent company specialized exclusively in International Real Estate services. “Marrakech is likely to become an important destination for investors who are seeking remunerative opportunities” – Angelo Cinel, CEO of WIRE Consulting commented. “The growing year-round tourism flow and the cost of living in comparison to main European countries associated with the lower property taxes and a high public … Continue reading Marrakech predicted to become a top city for real estate investments.
Who was not surprised between 2010 and 2016 by the many abandoned construction sites in and around Marrakech, the static cranes were the sign of a declining real estate market. The situation has now changed with the revival of many of these projects and the launch of many new projects. Hotels are again changing hands as are villas and plots of potential building land to foreign investors. There are still good deals to be had in Marrakech but things are changing rapidly so you better move … Continue reading Marrakech: The Rebound
The Bank Al- Maghrib is expected to announce this week the date of the first phase of liberalisation of the dirham, a reform supported by the IMF to strengthen the economy of Morocco. At the end of last year, the central bank said that the first steps in a gradual transition to currency controls at a flexible exchange rate would be implemented during the second half of 2017, as well as other reforms such as “the targeting of inflation”. Abdellatif … Continue reading Liberalisation of Dirham: Morocco Is Ready For The First Phase