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Top End Of The Property Market Performing Well In Morocco: "Property buyers in Morocco are looking at prime sites located just on the outskirts of Marrakesh, it has been claimed.
According to Philip Arnott, of Morocco Properties, the strongest growth in the country's real estate sector is within the top end of the market.
This in turn has fuelled the number of major developments which are taking place on the outskirts of the city, Mr Arnott told Overseas Property Professional.
'We are finding that the middle market, in which people were looking for a second home or a small riad has gone very flat since the financial crisis,' he said.
'Our clients are looking at properties in the €2.3 million to €4.6 million bracket, particularly those which are further out in places like the Palmeraie.'"
:Text may be subject to copyright.This blog does not claim copyright to any such text. Copyright remains with the original copyright holder.
According to Philip Arnott, of Morocco Properties, the strongest growth in the country's real estate sector is within the top end of the market.
This in turn has fuelled the number of major developments which are taking place on the outskirts of the city, Mr Arnott told Overseas Property Professional.
'We are finding that the middle market, in which people were looking for a second home or a small riad has gone very flat since the financial crisis,' he said.
'Our clients are looking at properties in the €2.3 million to €4.6 million bracket, particularly those which are further out in places like the Palmeraie.'"
:Text may be subject to copyright.This blog does not claim copyright to any such text. Copyright remains with the original copyright holder.
