Moroccan Property Update.

The latest in a string of websites set up to cash in on the boom in Moroccan property sales is Simply Morocco. So far the site has few listings for sale and only one rental property.

It appears to be based in Tetouan - which makes a pleasant change from the Casa and Marrakech sites - but it will need to diversify and include a wider range of properties in order to survive in what is now a pretty tough market place.

You will find them here: Simply Morocco

A Rocky Road Ahead?

According to Property Select.com the construction boom in Morocco is outstripping inflation.

Not even the skyrocketing cost of building materials such as cement, bricks and steel are able to overtake the building boom going on in Morocco. The current investments in the tourism industry, infrastructure improvement and property in Morocco is vital to the kingdom’s future prospects. It will encourage sustainable growth in the economy, promote an improved international perception and help to bring foreign investors to the country. The current rising cost of building commodities, however, is causing concern that the swift development of Morocco property could become unsustainable when the supply of these products can no longer keep up with the demand.

The construction of new Morocco properties has become a booming industry since the country started building more tourist accommodations to cater to the increasing number of visitors, as well as luxury villas, low cost housing and improvements to infrastructure in many areas. Morocco has emerged as a property investment destination in recent years, and its government has taken the initiative to finance major developments in many sectors. These will improve the infrastructure to international levels and attract more tourists and overseas investors, in addition to helping to alleviate the lack of low-cost property in Morocco.

Tags: Moroccan Morocco Fes, Maghreb news