Casablanca 'a hot market'

The property market in the Moroccan city of Casablanca is a strong one that offers good investment prospects, an expert has said.

Jonathan Seale of CBRE told the Times: "In prime central Casablanca you may double your money within ten years."

He noted that the city and Rabat are less dependent on overseas buyers than places like Marrakesh and local estate agents have said prices have not fallen in these cities.

In Marrakesh, however, values became overinflated and a recent drop during the world economic crisis has been a "good thing", according to Elisabeth Ober of estate agency Aylesford International.

The paper said that the best Marrakesh bargains are available in the suburbs.

Morocco is an ideal place for Britons to buy a second home, the Global Arab Network recently stated.

It said that the overall property market and economy has carried on growing through the world economic crisis and should continue to do so as there are plans to increase tourism and investment in the coming years.

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