The Moroccan property market has come to a virtual standstill in recent months, following the recent Marrakesh cafe bombing and global financial crisis, not to mention the political unrest in the region, according to a report on Middle Eastern news website albawaba.com.
British Airways (BA) decision to start flights from London to Marrakech, Morocco, in March next year, as part of planned network expansion, could boost demand for homes in Marrakech.
A high-end Morocco property development has been successfully launched in London. The event was attended by leading UK property journalists and investors interested in the idea of buying property in Morocco.
Moroccan authorities plan to stamp out cash under the table property deals which go unaccounted by the taxman as it costs the country’s economy millions of pounds in lost revenue.