Those reviewing regional economics are noticing upward trends in Morocco's housing market.
Recent reports show stable demand and growth in this sector of the country's economy. Meanwhile, recent assessments of Morocco's Consumer Price Index show a 0.6 percent uptick in January 2017, and another 0.1 percent increase in February.
“Real estate in Morocco is definitely in a boom stage,” writes an analyst at MoroccoProperty.com. “It is truly amazing. I personally have visited Morocco since the early 1990’s. When I first began my visits, it was as if time had stood still. If someone would have told me 15 years ago what is now happening in the Morocco real estate market, I would never have believed them.”
Others around the world are also noticing the real estate gains.
“In general, countries like Morocco are really just beginning to hit their stride,” Marshall Long, co-founder of eBoost, told Maghreb News Wire on Sept. 6.
Long’s company has created a unique, e-sports cryptocurrency token that brings ultra-modern technology to the world of e-gaming. According to Long, part of the appeal of the Moroccan market is a lack of legacy infrastructure that can get in the way of quick innovation.
“The housing boom in Marrakesh is dwarfing 95 percent of all other countries,” Long said. “These countries who are just now becoming industrialized don't have the quasi-archaic infrastructure that modern nations do.”
Long, who has experience in applying blockchain and cryptocurrency markets, believes these same types of advances will help housing markets to evolve.
“Blockchain tech is quickly gaining a foothold in these countries due to the small amount of political red tape,” Long said. “Blockchain tech is helping these countries rapidly accelerate into industrialized states.”
In a global economy where housing plays a significant role, a boom for Morocco could go any of a number of ways. It’s incumbent on officials to watch for signs of overheating, or a housing bubble that could get out of control. Absent these kinds of crises, an uptick in housing is likely to be good for the national economy.