Speculative developers' sales riads in Marrakech
Rental riad in Marrakech is experiencing record levels especially in the summer or many foreigners or MRE (Moroccans residing abroad) come relax in Marrakech to forget the stress of everyday life. The most commonly used means for housing is the rental of hotel or guest house in Marrakesh. This allows for a degree of freedom at a reasonable cost while enjoying quality services and attractions available in Marrakech.
Although the real estate market in Marrakech has been a great evolution, the situation is still uncertain. Indeed, the real estate sector of the city is exogenous, and it is not easy to take the temperature of the market. Make a diagnosis of the real estate sector, especially during this year remains an urgent need to give prospects. Thus, to diagnose the real estate in Marrakech, it is important to focus on foreign investment which is the basis of speculation.However, we must remember that what made the success of Marrakech, essential capital for business tourism, but tourism resort, is said to be its authenticity that leaves no one indifferent. With mainly foreign clientele, property prices in the city exploded to not respond to any logic. It must also be said that the real estate professionals in Marrakech have given more importance to foreign demand, specifically in relation to high-class apartments, the Riad, luxury villas and rental Guest House in Marrakech without and predict the financial situation of the world's major economies for 2 years. Even the number of stay of foreign tourists in Marrakech is falling. This "mistake" on the part of developers today said sluggish sales caused by the global economic crisis that hit the world, especially European countries. Now many riad in Marrakech for rent see no buyers. Yes, investors are becoming increasingly scarce and property prices are currently traded. Other real estate professionals say that Moroccan drop in sales is simply the result of the blow against the huge price increases that had been felt since the second half of last year. Today, in many areas there has been a decrease that around 15 or even 20% of the base price. Most developers, knowing that the shortfall is significant, have resorted to a readjustment of the offer. Thus, professionals have revisited several projects that were under construction so it suits the local demand is at a disadvantage in Marrakech. Moreover, this also explains the increase in real estate prices in the red city is depleted bare land.
Although the real estate market in Marrakech has been a great evolution, the situation is still uncertain. Indeed, the real estate sector of the city is exogenous, and it is not easy to take the temperature of the market. Make a diagnosis of the real estate sector, especially during this year remains an urgent need to give prospects. Thus, to diagnose the real estate in Marrakech, it is important to focus on foreign investment which is the basis of speculation.However, we must remember that what made the success of Marrakech, essential capital for business tourism, but tourism resort, is said to be its authenticity that leaves no one indifferent. With mainly foreign clientele, property prices in the city exploded to not respond to any logic. It must also be said that the real estate professionals in Marrakech have given more importance to foreign demand, specifically in relation to high-class apartments, the Riad, luxury villas and rental Guest House in Marrakech without and predict the financial situation of the world's major economies for 2 years. Even the number of stay of foreign tourists in Marrakech is falling. This "mistake" on the part of developers today said sluggish sales caused by the global economic crisis that hit the world, especially European countries. Now many riad in Marrakech for rent see no buyers. Yes, investors are becoming increasingly scarce and property prices are currently traded. Other real estate professionals say that Moroccan drop in sales is simply the result of the blow against the huge price increases that had been felt since the second half of last year. Today, in many areas there has been a decrease that around 15 or even 20% of the base price. Most developers, knowing that the shortfall is significant, have resorted to a readjustment of the offer. Thus, professionals have revisited several projects that were under construction so it suits the local demand is at a disadvantage in Marrakech. Moreover, this also explains the increase in real estate prices in the red city is depleted bare land.
Source...