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Over the past year, the Moroccan market has shown resilience

07.12.2012
Homesoverseas.ru editorial office
53
Moroccan property market is recovering after the crisis, writes Propertyshowrooms.com. This is evidenced by indicators of the bank price indices Al-Maghrib and the National Land Registration Chamber, according to which the prices for residential real estate and land increased for the second quarter of 2012, according to Global Property Guide. Prices for apartments showed the best result - an increase of 2.3% over the year. The volume of apartment sales increased in the second quarter of 2012 by 10% compared to the same period in 2011, to 457 units. This represents approximately 61% of the total volume of transactions in the quarter. However, growth in other segments of the market was not observed, the price of homes and condos fell 1.8% and 2.6% respectively. Sales of villas also increased by 40%, to 472 units. Nevertheless, the volume of home sales fell by 6.1%, compared to the same period last year, to 1318 units. However, the overall positive picture of the Moroccan market will be good news for those who are considering Morocco for the purchase of real estate. It is expected that the real estate market will get a new impetus for its development, as the government of Morocco aims to increase the flow of tourists into the country up to 20 million. Per year, positioning the country as one of the top 20 tourist centers in the world. According to market experts, this will help increase the GDP growth of 5% in 2013. HomesOverseas.ru
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