Reductions of 30 and more are not an exception

AMarrakech, "values have fallen by at least 25," admits Séverine de Freycinet, head of the local agency Emile Garcin. In the Medina, a renovated riad sells most of the time between 200,000 and 600,000 euros with habitable surfaces ranging between 100 and 300 square meters and more, without counting the patios, more or less great according to the prestige of the habitat. Thus, a completely renovated riad, developing 200 square metres, has recently negotiated to 370,000 euros. Another, more luxurious, with five rooms, 360 square metres of central patio, a small adjoining riad, found licensee to 860,000 euros.

The purchasers have also the embarrassment of the choice. Louis b. Eudes is President of Délocalia, a consulting firm to destination of those who invest abroad, and particularly in the Morocco, Tunisia, Mauritius and Thailand. According to him, "there are currently 350 riads for sale in Marrakech, bought ten, fifteen or twenty years ago by retirees." "They exploit them, for example, host homes, but they realize that it costs too much." And further: "the real problem is the repatriation of the foreign currency."

Side villas, values have also been some adjustments in Marrakech. Outside of the city, a villa of 200 to 400 m2 with swimming pool is generally displayed between 300,000 and 700,000 euros. Just the price of a small house in subdivision on the Côte d'Azur. Same thing in the Palm Grove, which offers also an incredible luxury houses. As this House built about 10 hectares and deploying 1.188 habitable square metres and a Hollywood pool in a lush garden. However, these luxury houses, rather destined for Kings of the oil to senior citizens for quality of life, have more difficulties to sell than past years.

Dwindling foreign customer

Burned by the recent crisis which has affected Dubai, investors appear reluctant to put their money to the Morocco. "Request works even better than last year, but sales are very long to materialize because buyers want to be reassured on all plans," said Séverine de Freycinet. The slowdown of the market is also noticeable in Tangier, Agadir, Essaouira, or Casablanca.

"The market is not uniform and this important disparities from one sector to another", said Jean Dauré, head of several real estate agencies, especially in the area of Tangier where, after Tanger Med, sites such as Tanger Med 2 will boost the local economy (construction of a TGV, construction of a line factory Renault, new harbour project, massive construction in the satellite... cities). Pharaonic work however suffering the aftermath of the crisis. "The market was clearly affected by the crisis in Europe, recognizes the same manager, Moroccan investors slowed their activity both on the ground on the top of range." New, prices have not dropped except on the top of range, where some of the excesses have been corrected. Reductions of 30 and more are not an exception. On the other hand, the low standing sees prices rise to the level of the medium standing, who, himself, tends to climb to the level of high standing.

For the time being, foreign customer is more scarce. Some retirees continue to buy, and some executives of large companies transferred to the Morocco or the fortunate purchasers from Marrakech to the benefit of Tangier, its prices are more attractive. "For the past two months, Spanish customer, very present here, seems to return, says Jérôme Guérin, head to the Agency Emile Garcin Tangier. Weather conditions were not favourable to the market because we have almost five months of continuous rain. "In the former, vendors who are placed on the top of range remain hungry and it is difficult to reason, so they are not necessarily eager, in the case of a market of secondary residences. "I'm trying to get warrants more in phase with the request of the purchasers, precise Jérôme Guérin, including houses in downtown around 700,000 euros." "Real is demand on the housing or the apartment with three rooms, balcony, garage, between 50,000 and 60,000 euros, any property located in the downtown, thing that does not exist or over all", note even Jean Dauré.

The phenomenon of falling prices and decline in sales was observed also, of course, Agadir and to Essaouira where vendors appear to go back to the reason, said Samir Bebmzkhlouf, President of Century 21 Morocco. Many French pensioners have elected domicile, not just a few months in the year. "On the top of range, prices do not always reflect reality because the table below are common, even among major developers," noted Louis b. Eudes. Need to escape this type of practice, especially for housing sold on plan. In Casablanca, the city awash projects. "Everything happens in Casablanca, launches this real estate agent. Grand Casablanca represents some 4 million people and 50 kilometres in the round, many projects - Resorts-will transform the region.

Ten properties of charm to the Morocco on lesechos.fr/diaporamalesechos.fr/diaporama